Iran Boosts Oil Storage With Facility to Hold 500,000 Barrels
From Bloomberg
By Ladane Nasseri
Iran has added storage for as much as 500,000 barrels of oil, the third such facility it established in southern Bushehr province in the past year, the Oil Ministry news website, Shana, reported.
The new facility will increase Iran’s storage capacity in Bushehr’s Bahregan region to 4 million barrels, according to the report, which cited Mohammad-Bagher Soleimani, Iranian Offshore Oil Co.’s production director.
Iranian Offshore Oil plans to raise storage capacity in Bahregan to 8.1 million barrels in 2013, said the state company’s managing director, Mahmoud Zirakchianzadeh, according to the report yesterday.
