Iran to add 1.1 billion litres oil production storage by 2013
Iran plans to increase its oil products storage capacity by 1.1 billion litres (6.9 million barrels) by next March, oil ministry news service Shana said on Tuesday.
June 19, 2012 5:23 by Reuters
Iran plans to increase its oil products storage capacity by 1.1 billion litres (6.9 million barrels) by next March, oil ministry news service Shana said on Tuesday.
Speaking at the opening of a new oil storage facility in Ahwaz in southern Iran, the managing director of the National Iranian Oil Products Distribution Company (NIOPDC) told Shana that new facilities would boost storage for oil products from around 50 days’ consumption to 80 days.
New storage facilities are expected to open this year at the Mahshahr oil export port, along with others at Birjand, Malayer, Shiraz and Kerman, NIOPDC Managing Director Jalil Salari, said.
The new tanks opened at Nezamiyeh in Ahwaz City boosted capacity to 586 million litres from 460 million, he said.
(Reporting by Daniel Fineren; editing by Jason Neely)
More on All News
-
Iranians Face New Internet Curbs
-
Bahrain’s Batelco CEO leaves with immediate effect
-
Morocco To Launch 4G Mobile License Tenders
-
Arabtec Says Workers End Strike
-
Kuwaiti Oil Service Workers On Strike Over Pay – Union
-
Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Tesco Clothing Brand Plans International Expansion
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Struggling Singapore Airlines fights back
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
Turkish Airlines faces strike
-
GMR reveals top 50 Mena Corporate Brands
-
Coronavirus can spread from person to person
-
Kuwait Airways to sign $3 billion-plus Airbus deal
