Oil products storage capacity to rise

TEHRAN Sep. 3 (Shana)–Oil products storage capacity will rise by 200 million liters in the next two years to reach 13.5 billion liters, director of engineering and planning at the National Iranian Oil Products Distribution Company (NIOPDC), Abdollah Mollabagher said.

 Speaking to Shana, Mollabagher said five half-finished storage tanks would come online before the end of current Iranian calendar year to March 20 2014.

“New oil products storage facilities are in the phase of choosing contractors and it is estimated they will need 705 billion rials in investment” the NIOPDC official told Shana.

Current oil products storage capacity of the country stands at 12.5 billion liters which will rise to 13.3 billion liters at the end of this year following completion of five storage facilities whose construction is going on.

By SHANA

 

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