TEHRAN August 2 (Shana)--Petroleum Engineering and Development Company (PEDEC) is building ten concrete crude oil storage facilities, PEDEC chief said.
 Abdorreza Hosseinnejad said the facilities are already 85 percent completed. He added that they are likely to come on-stream by March next year.


The facilities are being built for storing a total of seven million barrels of crude oil. They will be the first experience in concrete storage tanks by National Iranian Oil Company (NIOC).

They are under construction in the southwestern province of Khuzestan and in the southern province of Bushehr.

Concrete storage facilities’ life cycle is estimated at 50 years or more. They are resistant to fire and do not need periodic maintenance.

By SHANA

 

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