25 October 2014 - 09:01
  • News ID: 227406
Iran Eyes 32mb Oil Storage

TEHRAN Oct 25 (Shana)--The managing-director of Iran Oil Terminals Company (IOTC) has said that the country plans to store 32 million barrels of crude oil.

“In order to reach 32-milion-barrel crude oil storage capacity, four other storage facilities than four one-million-barrel facilities under test need to be built,” Pirouz Mousavi said.
 
“That would be a record rate because it will resolve many problems and will boost our standards as an international terminal [in Kharg Island],” he said.
 
Mousavi said IOTC is responsible for exporting all gas condensate produced in South Pars gas field.
 
“Currently, three single-buoy moorings (SBM) are active in South Pars for exporting gas condensate,” he said.
 
Mousavi said South Korea, Japan, China, India and recently Turkey are buyers of Iran’s oil, adding that Petroleum Ministry is trying to win back its traditional customers. 
News ID 227406

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