Iranian Firms Sign €600m Contract to Build Oil Storage Facilities in Jask

Petroleum Engineering and Development Co. (PEDEC), a subsidiary of the National Iranian Oil Company, Petro Omid Asia Company and Omid Investment Management Group signed a contract on Sunday to build crude oil storage facilities near the southeastern port of Jask in Hormozgan Province. 
According to the NIOC news portal, Ali Kardor, CEO of the state-owned company, and Gholamreza Manouchehri, deputy for development and engineering at NIOC, and the first deputy oil minister, Marzieh Shahdaei were present at the signing ceremony in Tehran.

"The storage tanks are planned to hold 10 million barrels in the first phase, which could increase up to 30 million later," Kardor said, adding that the plan calls for laying 1,000 kilometers of a 42-inch pipeline from the city of Goureh (Bushehr Province) to the port of Jask.