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Iran’s private sector to invest $38 million to establish oil terminals

Business Materials 8 June 2013 12:58 (UTC +04:00)

Azerbaijan, Baku, Jun.8/ Trend F.Karimov/

The private sector in Iran will invest some 460 billion rials (about $38 million) to establish 15 oil terminals in the southern Shahid Rajaee port, Iran's Ports and Maritime Organization (PMO) official Ali Estiri said, IRNA reported.

"The overall progress of the work has reached 80 percent so far," Estiri added.

In May, IRIB quoted PMO head Ataollah Sadr as saying Iranian ports have a loading and unloading capacity of 184 million tons per year.

Last [Iranian calendar year], 140 million tons of goods were shipped through the ports, showing 5 percent rise compared to the year before, he added.

The past Iranian year ended on March 20.

Over 200 ports are in operation across the country, he noted.

In April, the Fars News Agency quoted Sadr as saying that Iran earns some 14 trillion rials (about $1.15 billion) annually through transiting goods via ports.

Around $140 billion worth of goods are annually transited via Iranian ports, Estiri noted.

In February, IRNA quoted Iranian Roads and Urban Development Minister Ali Nikzad as saying that the total capacity of Iranian ports has increased by 80 million tons during the past eight years, reaching 184 million tons.

Imam Khomeini and Shahid Rajaee ports are the two key ports, accounting for 90 percent of the total capacity, he added.

Meanwhile, in February, ISNA quoted Sadr as saying that building 60 small and multi-purpose ports across Iran is underway.

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