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Iran increases service fees to oil tankers by 30 pct

Business Materials 22 April 2014 16:22 (UTC +04:00)

Baku, Azerbaijan, Apr.22

By Fatih Karimov - Trend:

The National Iranian Oil Company has increased service fees to domestic and foreign oil tankers by 30 percent.

The country has increased fees by 20 percent to tankers in the Persian Gulf, and by 30 percent to tankers in the Caspian Sea, Iran's Mehr news agency reported on April 22.

The services include mooring, separation, transfer and guidance of tankers. The rise in fees has been applied as of the beginning of the current Iranian calendar year (March 21).

Some 1200 tankers berth at Iranian oil terminals per year.

Pirouz Mousavi, the managing director of Iran's Oil Terminals Company believes that Iran still offers the cheapest service fees to oil tankers among the Persian Gulf states.

Mousavi was quoted by the Fars news agency last month as saying that Iran was building several land-based oil storage sites at locations including Kharg Island and Assaluyeh.

Mousavi said Iran faced no problems with oil exports.

"We have no consignment on the water and if there is any, it is waiting for loading and exports," Mousavi was quoted as saying.

Reuters reported on April 24, 2013 that Iran is storing millions of barrels of oil in tankers in its territorial waters as Tehran struggles with tougher Western sanctions on its vital seaborne exports.

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