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Iran studies Gulf of Oman oil terminal

: Wednesday, August 20 - 2014 @ 02:55

Reports claimed that Iran is considering the construction of a big oil terminal in the port city of Jask off the Sea of Oman in the south of the country, Arabian Supply Chain reported. Pirouz Mousavi, managing director of the Iranian Oil Terminals Company (IOTC), said that the construction of the oil terminal in Jask – which involves storage tanks, loading and unloading wharves, single-point moorings (SPM) as well as onshore and offshore facilities – would need an estimated $2.5bn in investment. He said Iran’s private sector as well as foreign companies may be invited to contribute to this project. Mousavi added that three SPMs will be constructed in this terminal, adding that state-of-the-art technology will be applied to the storage tanks.

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Wednesday, August 20- 2014 @ 2:55 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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