Iran considering plans for $2.5bn oil terminal

Project would have storage tanks, loading/unloading wharves and SPMs

The terminal would include storage tanks, loading and unloading wharves, single-point moorings (SPM).
The terminal would include storage tanks, loading and unloading wharves, single-point moorings (SPM).

Iran is entertaining plans to build a $2.5bn oil terminal in the port city of Jask off the Sea of Oman, said a report.

The design of the oil terminal involves storage tanks, loading and unloading wharves, single-point moorings (SPM) as well as onshore and offshore facilities, Pirouz Mousavi, managing director of the Iranian Oil Terminals Company (IOTC), told a Press TV.

Iran’s private sector as well as foreign companies are likely to be invited to contribute to this project, he said.

Mousawi explained that pipelines are to be laid out to deliver oil from Neka oil terminal near the Caspian Sea and also from oil-rich regions in southern Iran to Jask Port before being exported, pointing out the shortening of the distance for oil delivery.

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