VOL. XLVI

No 27

07-July-2003

IRAN

Neka Terminal Almost Ready To Handle Increased Caspian Crude Swaps Capacity

An expansion of Irans Neka crude oil terminal on the Caspian Sea coast is nearing completion,MEES understands. The expansion is part of a program to increase Irans capacity to handle Caspian Sea crudes delivered via Neka to Irans northern refineries in exchange for equivalent volumes of Iranian crude to be lifted from the Gulf. The Caspian crude swaps capacity is to be increased in stages,...