Iran boosts gasoline, diesel oil storage capacity

Iran Materials 26 May 2012 14:46 (UTC +04:00)

Azerbaijan, Baku, May 26/ Trend F.Milad/

An oil products storage facility, with the capacity of up to 126 million liters, will be inaugurated by June 20, aiming to boost the country's gasoline and diesel oil storage capacity.

Mehr News agency quoted official at the National Iranian Oil Products Refining and Distribution Company Heydar Shamsi as saying that the facility will raise the storage capacity to 586 million liters from 460 million liters.

Heydar Shamsi added that 140 billion rials (some $11.5 million) have been invested in the projects.

Iran has recently announced that it is expanding its network of domestic oil storage facilities. Oil storage capacity will raise to 100 million barrels up to the end of the fifth five-year development plan in 2015, managing director of the Iranian Oil Terminals Company (IOTC), Pirouz Mousavi, said.

The official referred to an underway plan for building an oil terminal in Jusk Port, on the shore of Oman Sea, south of Iran, with oil storage capacity of 20 million barrels adding simultaneous with rising storage capacity in Neka Port, on the Caspian Sea shore, and construction of Neka-Jusk oil pipeline, there would the possibility to transfer one million barrels of oil from north to south of Iran on a daily basis which will facilitate oil swaps.