oil

Major investment contract signed for oil transit development project

Ahvaz, Khuzestan prov, Jan 4, IRNA – An investment contract has been signed by the private sector to develop the transit of oil items in the port of Imam Khomeini in southwest of the country.
  Talking to IRNA on Saturday, Director General of Ports and Shipping Organization of Khuzestan Province Saadollah Abdollahi said the contract which has a value of rls 388 billion includes an investment plan to facilitate transit of oil goods.

He said a private sector company Pars Jam Nikan has signed the contract to build reserve tanks for keeping oil products within 15 months in an area of 40 thousand square meters.

Once implemented, he added, the project will add an annual 720 tons to the reserve capacity of Imam Khomeini port.

According to the official, the project will also provide 100 direct and indirect job opportunities thus helping development process in the region.

Imam Khomeini Port Complex is located 110 km south to the capital city of Ahvaz in this southwestern province.

It has an annual capacity of loading and unloading about 50 million tons of goods.

By IRNA

 

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