No 23



Caspian Crude Swaps Capacity Reaches 50,000 B/D

Iran is processing 50,000 b/d of crudes from Caspian Sea littoral states following the completion of Phase 1 of a scheme to increase the capacity for piping oil from the port of Neka to the Tehran and Tabriz refineries, according to the official news agency IRNA. On 31 May the agency cited local press reports as saying that the second and third phases of the project would raise Irans capacity for handling...