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Iran holds 25 percent share of bunkering in region

Iran Materials 13 May 2012 12:49 (UTC +04:00)

Azerbaijan, Baku, May 13/ Trend F.Milad/

Iran holds some 25 percent share of bunkering in the region, the Ports and Maritime Organization's managing director said, adding the figure should be increased to 50 percent.

For the time being, the country's ports have the capacity of 2.5 million tons bunkering, Ataollah Sadr said, the Mehr News Agency reported.

The central bank and the oil ministry should support the private sector to boost bunkering services to ships in regional waters, he added.

Iran's fifth five-year development plan (2010-2015) aims for the country to sell 4.2 million tons of oil a year and hold a 30 percent share of bunkering in the Persian Gulf.

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