IRAN

 

Iran To Expand Storage Capacity At Kharg Island

National Iranian Oil Company (NIOC) Managing Director Ahmad Qalebani observed on 18 July during a visit to the Kharg Island terminal that Iran needs to speed up the construction of four new oil storage facilities, each with capacity of 1mn barrels. NIOC subsidiary Iranian Oil Terminals Company (IOTC) has been building the facilities since 2010. Mr Qalebani said the first facility is 53% completed and IOTC...