Middle East Economic Survey

VOL. L

No 31

30-July-2007

IRAN

NIOC Raises Sirri Island Oil Storage Capacity To 4.5Mn Barrels

The National Iranian Oil Company (NIOC) has increased crude oil storage capacity at its Sirri island terminal to 4.5mn barrels by the addition of a 500,000 barrels tank. The Ministry of Petroleums PIN news service reported on 22 July that Sirri island crude storage facilities now comprised three 1mn barrels capacity tanks and three 500,000 barrels tanks. The project was...