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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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aj_808 Rookie Author Sacramento Posts:5 Points:510 Joined:Jun 2012	Message Posted: Jun 3, 2012 2:29:11 AM Ignore aj_808 Report Abuse if you build it...
honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: May 30, 2012 7:04:07 AM Ignore honda0105 Report Abuse sheldon: funny!
GassyKat Champion Author Wisconsin Posts:10,079 Points:2,069,170 Joined:Sep 2005	Message Posted: May 29, 2012 11:38:07 PM Ignore GassyKat Report Abuse old news
Daddybud Champion Author North Carolina Posts:6,291 Points:1,364,780 Joined:May 2009	Message Posted: May 29, 2012 6:01:41 PM Ignore Daddybud Report Abuse yes,they are.
h2ojumper Champion Author Austin Posts:2,560 Points:707,635 Joined:Feb 2011	Message Posted: May 29, 2012 4:53:44 PM Ignore h2ojumper Report Abuse last weeks news...
boldrph Champion Author Topeka Posts:18,371 Points:3,450,665 Joined:Oct 2002	Message Posted: May 29, 2012 3:02:10 PM Ignore boldrph Report Abuse yawn
Donatelo Champion Author Dayton Posts:1,121 Points:292,685 Joined:Apr 2011	Message Posted: May 29, 2012 2:46:50 PM Ignore Donatelo Report Abuse ok
sparky808 Champion Author Honolulu Posts:2,998 Points:597,735 Joined:Sep 2011	Message Posted: May 29, 2012 1:21:01 PM Ignore sparky808 Report Abuse Old post.
myambro Champion Author Sacramento Posts:3,204 Points:1,052,925 Joined:Mar 2005	Message Posted: May 29, 2012 12:43:13 PM Ignore myambro Report Abuse Iran is just trying to stir up the pot so that the Western gov'ts will make concessions.
Jeepergeo Champion Author San Bernardino Posts:1,380 Points:586,180 Joined:Jan 2011	Message Posted: May 29, 2012 12:28:55 PM Ignore Jeepergeo Report Abuse They are gearing up for something since they can't refine even close to what they can produce.
tomok Champion Author Portland Posts:33,005 Points:2,345,510 Joined:Aug 2006	Message Posted: May 29, 2012 12:28:24 PM Ignore tomok Report Abuse If Iran can't sell their oil to the world, they will store it until they can. They have too many of their own tankers sitting full and ready to sail once a order is received. When another country's oil tanker ties up to the oil terminal, the oil transfer needs to take place quickly and get the tanker back out to sea. Having such a large oil storage capacity will ensure they have enough crude oil on hand to fill those tankers. Just watch out for Israel, they can mess with your nuclear refining equipment, car bomb nuclear scientist and cause other necessary mayhem. And, Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction and receive that huge federal tax income for oil. Barry's economy is not improving but continues to hurt the population. The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their benefit. Now talk about Iran’s on going nuclear program and Israel's web attacks and car inside the country bombings trying to stop it! The price of fuel at the pump is too high! 12/22/2012!
monarch57 Champion Author British Columbia Posts:1,627 Points:135,640 Joined:Nov 2008	Message Posted: May 29, 2012 12:28:06 PM Ignore monarch57 Report Abuse Good for them, lets hope that gas prices come down here then.
19sheldon43 Champion Author Los Angeles Posts:3,979 Points:843,010 Joined:Jul 2009	Message Posted: May 29, 2012 12:28:06 PM Ignore 19sheldon43 Report Abuse This post is so old I've lined my bird cage with it
greenfog Champion Author Illinois Posts:6,485 Points:1,638,045 Joined:Feb 2008	Message Posted: May 29, 2012 12:27:52 PM Ignore greenfog Report Abuse time for new article.
nehemiah Champion Author Portland Posts:4,756 Points:929,640 Joined:Jul 2007	Message Posted: May 29, 2012 12:26:56 PM Ignore nehemiah Report Abuse old news
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: May 29, 2012 12:26:16 PM Ignore uptherefiners Report Abuse this must be a really important story to GB
Sarge10 All-Star Author Detroit Posts:857 Points:173,125 Joined:Feb 2010	Message Posted: May 29, 2012 12:22:53 PM Ignore Sarge10 Report Abuse Don't really care! SCREW Iran!!
stpetebp Champion Author Tampa Posts:6,222 Points:1,732,580 Joined:Nov 2007	Message Posted: May 29, 2012 12:22:45 PM Ignore stpetebp Report Abuse Let them drown in their oil
PathTrack Champion Author Twin Cities Posts:1,202 Points:134,615 Joined:Jan 2005	Message Posted: May 29, 2012 12:21:19 PM Ignore PathTrack Report Abuse Of course they are
firasatali Champion Author Toronto Posts:3,100 Points:568,800 Joined:May 2011	Message Posted: May 29, 2012 12:21:04 PM Ignore firasatali Report Abuse you can also build. what is the problem.
cisson All-Star Author Kentucky Posts:516 Points:382,860 Joined:Jul 2010	Message Posted: May 29, 2012 12:20:57 PM Ignore cisson Report Abuse old news
papou Champion Author Tampa Posts:10,884 Points:1,906,335 Joined:Jul 2005	Message Posted: May 29, 2012 12:20:12 PM Ignore papou Report Abuse who is buying there oil they are afraid of losing the free money obama is giving to them ?
stpatrickbday Champion Author Albuquerque Posts:1,526 Points:566,675 Joined:Mar 2011	Message Posted: May 29, 2012 12:20:01 PM Ignore stpatrickbday Report Abuse Ok.
bigmace111 Champion Author Albany Posts:2,718 Points:613,625 Joined:May 2011	Message Posted: May 29, 2012 12:19:27 PM Ignore bigmace111 Report Abuse How many days are we going to see this story? This is like the 4th time.
dacofa Champion Author Nevada Posts:5,373 Points:1,148,820 Joined:Jan 2010	Message Posted: May 29, 2012 12:15:46 PM Ignore dacofa Report Abuse Old
ysmc Champion Author Providence Posts:10,563 Points:2,022,620 Joined:Apr 2007	Message Posted: May 29, 2012 12:13:26 PM Ignore ysmc Report Abuse war must be getting closer then we ha ve been told
knifeman9 Champion Author North Carolina Posts:5,680 Points:1,487,390 Joined:Oct 2008	Message Posted: May 29, 2012 12:13:25 PM Ignore knifeman9 Report Abuse WHATEVER
viperND Champion Author South Bend Posts:3,310 Points:735,940 Joined:Apr 2011	Message Posted: May 29, 2012 12:13:07 PM Ignore viperND Report Abuse yep
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Teddy95 Champion Author Dayton Posts:41,145 Points:2,696,125 Joined:Oct 2005	Message Posted: May 29, 2012 12:09:30 PM Ignore Teddy95 Report Abuse Hmmm...
DutchTreatMI Champion Author Grand Rapids Posts:3,310 Points:751,690 Joined:Mar 2011	Message Posted: May 29, 2012 12:00:22 PM Ignore DutchTreatMI Report Abuse 5th day with this article.
mickealo Champion Author Spokane Posts:6,157 Points:2,143,460 Joined:Oct 2006	Message Posted: May 29, 2012 11:59:23 AM Ignore mickealo Report Abuse this is more old news
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5Golfer8 Champion Author Tucson Posts:2,138 Points:300,650 Joined:Jun 2011	Message Posted: May 29, 2012 11:52:04 AM Ignore 5Golfer8 Report Abuse This story is now so old its antique.
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outlaw329 Champion Author Austin Posts:7,611 Points:1,373,430 Joined:Aug 2008	Message Posted: May 29, 2012 11:46:41 AM Ignore outlaw329 Report Abuse Just nuke 'em and maybe that will be better news!
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cobbwebb Champion Author New Hampshire Posts:1,624 Points:544,770 Joined:Sep 2011	Message Posted: May 29, 2012 11:42:34 AM Ignore cobbwebb Report Abuse good for them if you can't sell it because of sanctions - store it under the mattress
SteveS2000 Sophomore Author Cincinnati Posts:236 Points:215,695 Joined:Oct 2006	Message Posted: May 29, 2012 11:42:17 AM Ignore SteveS2000 Report Abuse I want to be a Champion Author.
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