Transfer of Iran's oil products increased 95 percent

Transfer of Iran's oil products increased 95 percent

Azerbaijan, Baku, June 26 /Trend/

Iran transferred more than 60 million kilometer/tons (tkm) of oil products in current solar year (started on March 20,2011), Fars News Agency reported quoting Managing Director of Niroo Rail Transport Co Mohammad Satehi as saying.

"Recently Islamic Republic of Iran Shipping Lines activities reduced 70 percent because sanctions but the company created new approaches to increase transportation and currently IRISL is one of the biggest fleet in the region," he said.

The Niroo Rail Transport Co increased investment shares to fight off the sanction and it transported more than 30 million TCm export of oil products last solar year more than 90 percent growth.

The company transport of oil products in current solar year will continue to increase.

Most of foreign giant oil and gas companies have halted their activities in Iran because of international sanctions imposed by UN Security Council and the West countries against Iran.
Iran, which is the world's second largest reserves of gas and third in oil reserves, is facing US sanctions over its nuclear program .

The U.S. Congress approved financial sanction against Iran in 2010 , which impos es strict conditions for foreign investors and financial firms and prevents them to invest more than $20 million in Iran oil and gas industries.

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