Energy
0

Iran's Jask Terminal to Hold 10m Barrels of Oil

The terminal will be equipped with three single buoy moorings, enabling a wide range of tankers to load and unload
Jask Terminal to Hold 10m Barrels of OilJask Terminal to Hold 10m Barrels of Oil

The engineering and designing phase of 20 crude oil storage facilities near the southeastern port of Jask in Hormozgan Province is almost finalized, managing director of the Petroleum Engineering and Development Co. said Saturday.
"Petro Omid Asia Company and Omid Investment Management Group will start the construction phase in July," Touraj Dehghani was quoted as saying by Shana, the Oil Ministry news portal.
PEDEC, a subsidiary of the National Iranian Oil Company, Petro Omid Asia Company and Omid Investment Management Group signed a build-operate-transfer (BOT) contract basis in October to build the facilities.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com