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Iran boosting capacity of domestic oil storage facilities

GasBuddy Blog -- Iran has recently announced it's expanding its network of domestic oil storage facilities. Oil storage capacity will rise to 100 million barrels up to the end of fifth five year development plan in 2015, managing director of the Iranian Oil Terminals Company (IOTC), Seyyed Pirouz Mousavi, said. One really should ask what prompted this- a genuine need, or if this was caused by embargoes against Iran.

According to Shana.ir; Mousavi said 70 percent of the additional oil storage capacity will be created by Petroleum Engineering and Development Company (PEDEC), National Iranian Offshore Oil Company (NIOOC) and National Iranian South Oil Company (NISOC) while IOTC will be responsible for the remaining 30 percent.

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Submitted May 25, 2012 By: PD

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slvrdo_dsprdo Champion Author Nashville Posts:4,687 Points:911,065 Joined:Jul 2008	Message Posted: May 29, 2012 11:02:44 AM Ignore slvrdo_dsprdo Report Abuse "One really should ask what prompted this- a genuine need, or if this was caused by embargoes against Iran." Eh, probably a combination of both.
truckpdlr Champion Author Tucson Posts:2,942 Points:1,094,205 Joined:Sep 2009	Message Posted: May 29, 2012 11:01:56 AM Ignore truckpdlr Report Abuse This again
Bigtex09 Champion Author Dallas Posts:4,278 Points:1,157,335 Joined:Oct 2009	Message Posted: May 29, 2012 11:01:53 AM Ignore Bigtex09 Report Abuse need to watch Iran.
VRRoom Champion Author Austin Posts:17,978 Points:2,942,215 Joined:Sep 2004	Message Posted: May 29, 2012 11:00:37 AM Ignore VRRoom Report Abuse This story is really getting stale.
sramroop Champion Author Birmingham Posts:3,307 Points:737,905 Joined:Jul 2010	Message Posted: May 29, 2012 11:00:22 AM Ignore sramroop Report Abuse Okay.....
Ready Eddie Champion Author Twin Cities Posts:5,766 Points:1,341,795 Joined:Feb 2003	Message Posted: May 29, 2012 10:59:25 AM Ignore Ready Eddie Report Abuse Can we move on to a new story.
MrLuigi Champion Author Massachusetts Posts:4,763 Points:964,735 Joined:Jun 2005	Message Posted: May 29, 2012 10:58:29 AM Ignore MrLuigi Report Abuse boring.....
rhail2 Champion Author Kentucky Posts:1,452 Points:287,485 Joined:Apr 2011	Message Posted: May 29, 2012 10:58:26 AM Ignore rhail2 Report Abuse ok
civicdutie Champion Author Rochester Posts:4,501 Points:952,510 Joined:Nov 2008	Message Posted: May 29, 2012 10:54:03 AM Ignore civicdutie Report Abuse Alrighty then.
RetFireLT Champion Author Kentucky Posts:2,660 Points:171,085 Joined:Mar 2011	Message Posted: May 29, 2012 10:52:16 AM Ignore RetFireLT Report Abuse Ok.
WestMichigan Champion Author Grand Rapids Posts:2,468 Points:553,890 Joined:Mar 2011	Message Posted: May 29, 2012 10:51:23 AM Ignore WestMichigan Report Abuse They have to store it somewhere since they can't sell it.
texashoudini Champion Author Austin Posts:2,621 Points:1,094,620 Joined:Jun 2009	Message Posted: May 29, 2012 10:49:51 AM Ignore texashoudini Report Abuse Great News!
F81M Champion Author Indiana Posts:1,489 Points:785,185 Joined:Aug 2008	Message Posted: May 29, 2012 10:49:20 AM Ignore F81M Report Abuse I agree with IMLURCH.
HelenT Champion Author Buffalo Posts:2,944 Points:595,225 Joined:Apr 2004	Message Posted: May 29, 2012 10:48:29 AM Ignore HelenT Report Abuse old
IMLURCH Champion Author Minnesota Posts:2,174 Points:1,101,230 Joined:Mar 2009	Message Posted: May 29, 2012 10:47:03 AM Ignore IMLURCH Report Abuse Old Story for they last 3 days. 1 day is enough to post.
TXGasPriceSpy Champion Author Fort Worth Posts:7,800 Points:1,470,325 Joined:Sep 2008	Message Posted: May 29, 2012 10:44:22 AM Ignore TXGasPriceSpy Report Abuse Not again!!!
BeaconLite Champion Author Ottawa Posts:1,932 Points:368,300 Joined:Sep 2009	Message Posted: May 29, 2012 10:44:01 AM Ignore BeaconLite Report Abuse Been there done that question
DimitrisIL Champion Author Chicago Posts:1,497 Points:521,770 Joined:Feb 2011	Message Posted: May 29, 2012 10:44:01 AM Ignore DimitrisIL Report Abuse Interesting. I guess they can't push it to the market that easy now.
q2 Champion Author Alberta Posts:2,024 Points:378,145 Joined:Nov 2008	Message Posted: May 29, 2012 10:43:47 AM Ignore q2 Report Abuse day 4
unicornpmb Champion Author Buffalo Posts:8,476 Points:1,627,465 Joined:Sep 2005	Message Posted: May 29, 2012 10:41:42 AM Ignore unicornpmb Report Abuse Right.
CORKYWC All-Star Author Chicago Posts:548 Points:2,115,410 Joined:Apr 2004	Message Posted: May 29, 2012 10:41:33 AM Ignore CORKYWC Report Abuse ok
buzzieNY Champion Author Buffalo Posts:2,877 Points:632,530 Joined:Jun 2011	Message Posted: May 29, 2012 10:41:30 AM Ignore buzzieNY Report Abuse This storyis old.
CheckitoutGuy Champion Author San Diego Posts:1,311 Points:769,590 Joined:Mar 2008	Message Posted: May 29, 2012 10:40:17 AM Ignore CheckitoutGuy Report Abuse see yesterday
toxigas Champion Author Oakland Posts:1,202 Points:404,890 Joined:Oct 2011	Message Posted: May 29, 2012 10:40:17 AM Ignore toxigas Report Abuse [points]
flghtmedic All-Star Author Pensacola Posts:517 Points:383,955 Joined:Apr 2006	Message Posted: May 29, 2012 10:39:03 AM Ignore flghtmedic Report Abuse Ok
kulwicki7 All-Star Author Virginia Posts:638 Points:268,845 Joined:Sep 2005	Message Posted: May 29, 2012 10:36:57 AM Ignore kulwicki7 Report Abuse ok
ExplodingGlass Champion Author Maine Posts:1,355 Points:766,520 Joined:Oct 2008	Message Posted: May 29, 2012 10:36:02 AM Ignore ExplodingGlass Report Abuse blah
Topless2012 Champion Author Twin Cities Posts:2,422 Points:479,115 Joined:Jan 2012	Message Posted: May 29, 2012 10:35:49 AM Ignore Topless2012 Report Abuse Really old news.
blitzntj Champion Author Jacksonville Posts:4,664 Points:941,155 Joined:Dec 2007	Message Posted: May 29, 2012 10:35:15 AM Ignore blitzntj Report Abuse Old news
arnerator Champion Author Seattle Posts:8,174 Points:1,615,440 Joined:Sep 2008	Message Posted: May 29, 2012 10:35:08 AM Ignore arnerator Report Abuse This article has been up FAR TOO LONG.
radiorumor Champion Author Texas Posts:2,802 Points:751,910 Joined:Feb 2011	Message Posted: May 29, 2012 10:33:28 AM Ignore radiorumor Report Abuse They can store this in my back yard
esorsd Champion Author St. Louis Posts:5,723 Points:1,635,815 Joined:May 2005	Message Posted: May 29, 2012 10:32:54 AM Ignore esorsd Report Abuse I think it's about time to "retire" this article..............
ratones1 Champion Author Los Angeles Posts:2,902 Points:730,030 Joined:Mar 2011	Message Posted: May 29, 2012 10:30:32 AM Ignore ratones1 Report Abuse OLD NEWS...
alex395 Champion Author Louisville Posts:2,043 Points:276,270 Joined:Jan 2007	Message Posted: May 29, 2012 10:29:49 AM Ignore alex395 Report Abuse More targets for Netanyahu.
Soglaos Champion Author Virginia Beach Posts:2,770 Points:736,485 Joined:Feb 2011	Message Posted: May 29, 2012 10:29:15 AM Ignore Soglaos Report Abuse ok but old news
goodbuy Champion Author Michigan Posts:7,658 Points:1,419,880 Joined:May 2005	Message Posted: May 29, 2012 10:29:08 AM Ignore goodbuy Report Abuse Bomb them and get them out of the news.
Amanstrom Champion Author Los Angeles Posts:1,857 Points:536,930 Joined:Jul 2011	Message Posted: May 29, 2012 10:28:17 AM Ignore Amanstrom Report Abuse Interesting
RabunDog Champion Author Georgia Posts:2,995 Points:1,223,410 Joined:May 2009	Message Posted: May 29, 2012 10:27:43 AM Ignore RabunDog Report Abuse ok
ARCO Champion Author Pittsburgh Posts:2,338 Points:2,375,420 Joined:Sep 2005	Message Posted: May 29, 2012 10:27:37 AM Ignore ARCO Report Abuse OLD
mattymattmatt All-Star Author Scranton Posts:889 Points:362,590 Joined:Mar 2011	Message Posted: May 29, 2012 10:25:37 AM Ignore mattymattmatt Report Abuse Herp Derp.
WilW Champion Author Atlanta Posts:12,208 Points:2,669,980 Joined:Aug 2004	Message Posted: May 29, 2012 10:24:16 AM Ignore WilW Report Abuse Deja Vu all over again.
grammamNV Champion Author Nevada Posts:2,335 Points:372,425 Joined:Mar 2011	Message Posted: May 29, 2012 10:23:42 AM Ignore grammamNV Report Abuse this story has been here for the last 4-5 days now. could we get some new news please
bjdorval Champion Author Quebec Posts:2,249 Points:1,132,980 Joined:Jul 2008	Message Posted: May 29, 2012 10:23:08 AM Ignore bjdorval Report Abuse Someone please nudge the intern. This article is gathering moss, mold and mildew already.
hwmillerster Champion Author Missouri Posts:6,779 Points:1,463,395 Joined:Oct 2008	Message Posted: May 29, 2012 10:22:34 AM Ignore hwmillerster Report Abuse Very old news.
humancry Champion Author Michigan Posts:4,618 Points:1,002,455 Joined:Nov 2006	Message Posted: May 29, 2012 10:21:06 AM Ignore humancry Report Abuse old news
RamboOn66 Champion Author Tampa Posts:5,301 Points:1,882,855 Joined:Jan 2006	Message Posted: May 29, 2012 10:20:30 AM Ignore RamboOn66 Report Abuse Target practice.
packards42 Champion Author Washington Posts:6,435 Points:1,126,640 Joined:Feb 2005	Message Posted: May 29, 2012 10:19:27 AM Ignore packards42 Report Abuse 100 million barrels, that be like Saudi Arabian reserve capacity
walkit1 Champion Author Memphis Posts:3,040 Points:1,304,615 Joined:Jan 2007	Message Posted: May 29, 2012 10:19:04 AM Ignore walkit1 Report Abuse old,old.
deaconjones Champion Author Cleveland Posts:2,124 Points:318,480 Joined:May 2006	Message Posted: May 29, 2012 10:18:17 AM Ignore deaconjones Report Abuse yet another repeat story.....
Diesel_Ram Champion Author Dallas Posts:6,492 Points:1,516,510 Joined:Jan 2009	Message Posted: May 29, 2012 10:14:58 AM Ignore Diesel_Ram Report Abuse This stoy is getting very old now. Been on since Friday.
Cheepo Champion Author Tampa Posts:9,889 Points:3,128,005 Joined:Apr 2003	Message Posted: May 29, 2012 10:14:55 AM Ignore Cheepo Report Abuse Yes, let them drink it!!!!!!!
Don20 Champion Author Oklahoma City Posts:9,662 Points:2,617,680 Joined:Mar 2005	Message Posted: May 29, 2012 10:14:23 AM Ignore Don20 Report Abuse This Article is five days old... Have commented before...