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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 1:29:11 AM Ignore aj_808 Report Abuse if you build it...
honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: May 30, 2012 6:04:07 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 10:38:07 PM Ignore GassyKat Report Abuse old news
Daddybud Champion Author North Carolina Posts:6,432 Points:1,392,380 Joined:May 2009	Message Posted: May 29, 2012 5:01:41 PM Ignore Daddybud Report Abuse yes,they are.
h2ojumper Champion Author Austin Posts:2,695 Points:734,135 Joined:Feb 2011	Message Posted: May 29, 2012 3:53:44 PM Ignore h2ojumper Report Abuse last weeks news...
boldrph Champion Author Topeka Posts:18,528 Points:3,478,365 Joined:Oct 2002	Message Posted: May 29, 2012 2:02:10 PM Ignore boldrph Report Abuse yawn
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: May 29, 2012 1:46:50 PM Ignore Donatelo Report Abuse ok
sparky808 Champion Author Honolulu Posts:3,139 Points:624,685 Joined:Sep 2011	Message Posted: May 29, 2012 12:21:01 PM Ignore sparky808 Report Abuse Old post.
myambro Champion Author Sacramento Posts:3,257 Points:1,075,110 Joined:Mar 2005	Message Posted: May 29, 2012 11:43:13 AM 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:1,385 Points:601,805 Joined:Jan 2011	Message Posted: May 29, 2012 11:28:55 AM 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:33,579 Points:2,372,235 Joined:Aug 2006	Message Posted: May 29, 2012 11:28:24 AM 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:1,656 Points:138,720 Joined:Nov 2008	Message Posted: May 29, 2012 11:28:06 AM 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 11:28:06 AM Ignore 19sheldon43 Report Abuse This post is so old I've lined my bird cage with it
greenfog Champion Author Illinois Posts:6,625 Points:1,665,745 Joined:Feb 2008	Message Posted: May 29, 2012 11:27:52 AM Ignore greenfog Report Abuse time for new article.
nehemiah Champion Author Portland Posts:4,891 Points:957,115 Joined:Jul 2007	Message Posted: May 29, 2012 11:26:56 AM 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 11:26:16 AM Ignore uptherefiners Report Abuse this must be a really important story to GB
Sarge10 All-Star Author Detroit Posts:872 Points:174,850 Joined:Feb 2010	Message Posted: May 29, 2012 11:22:53 AM Ignore Sarge10 Report Abuse Don't really care! SCREW Iran!!
stpetebp Champion Author Tampa Posts:6,363 Points:1,759,305 Joined:Nov 2007	Message Posted: May 29, 2012 11:22:45 AM Ignore stpetebp Report Abuse Let them drown in their oil
PathTrack Champion Author Twin Cities Posts:1,204 Points:135,055 Joined:Jan 2005	Message Posted: May 29, 2012 11:21:19 AM Ignore PathTrack Report Abuse Of course they are
firasatali Champion Author Toronto Posts:3,230 Points:589,300 Joined:May 2011	Message Posted: May 29, 2012 11:21:04 AM Ignore firasatali Report Abuse you can also build. what is the problem.
cisson All-Star Author Kentucky Posts:516 Points:394,635 Joined:Jul 2010	Message Posted: May 29, 2012 11:20:57 AM Ignore cisson Report Abuse old news
papou Champion Author Tampa Posts:11,012 Points:1,931,860 Joined:Jul 2005	Message Posted: May 29, 2012 11:20:12 AM 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:1,663 Points:593,400 Joined:Mar 2011	Message Posted: May 29, 2012 11:20:01 AM Ignore stpatrickbday Report Abuse Ok.
bigmace111 Champion Author Albany Posts:2,858 Points:641,325 Joined:May 2011	Message Posted: May 29, 2012 11:19:27 AM 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:5,401 Points:1,173,405 Joined:Jan 2010	Message Posted: May 29, 2012 11:15:46 AM Ignore dacofa Report Abuse Old
ysmc Champion Author Providence Posts:10,698 Points:2,046,020 Joined:Apr 2007	Message Posted: May 29, 2012 11:13:26 AM Ignore ysmc Report Abuse war must be getting closer then we ha ve been told
knifeman9 Champion Author North Carolina Posts:5,815 Points:1,514,115 Joined:Oct 2008	Message Posted: May 29, 2012 11:13:25 AM Ignore knifeman9 Report Abuse WHATEVER
viperND Champion Author South Bend Posts:3,452 Points:762,665 Joined:Apr 2011	Message Posted: May 29, 2012 11:13:07 AM Ignore viperND Report Abuse yep
patward99 Sophomore Author Pennsylvania Posts:166 Points:601,820 Joined:May 2008	Message Posted: May 29, 2012 11:12:19 AM Ignore patward99 Report Abuse ok
Teddy95 Champion Author Dayton Posts:41,285 Points:2,723,825 Joined:Oct 2005	Message Posted: May 29, 2012 11:09:30 AM Ignore Teddy95 Report Abuse Hmmm...
DutchTreatMI Champion Author Grand Rapids Posts:3,441 Points:778,640 Joined:Mar 2011	Message Posted: May 29, 2012 11:00:22 AM Ignore DutchTreatMI Report Abuse 5th day with this article.
mickealo Champion Author Spokane Posts:6,297 Points:2,171,160 Joined:Oct 2006	Message Posted: May 29, 2012 10:59:23 AM Ignore mickealo Report Abuse this is more old news
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Taurus1 Champion Author Ohio Posts:3,214 Points:1,693,005 Joined:Apr 2006	Message Posted: May 29, 2012 10:53:18 AM Ignore Taurus1 Report Abuse Now what??
CTarp Champion Author Texas Posts:1,297 Points:632,240 Joined:Apr 2011	Message Posted: May 29, 2012 10:53:01 AM Ignore CTarp Report Abuse We get the point.
5Golfer8 Champion Author Tucson Posts:2,258 Points:325,950 Joined:Jun 2011	Message Posted: May 29, 2012 10:52:04 AM Ignore 5Golfer8 Report Abuse This story is now so old its antique.
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outlaw329 Champion Author Austin Posts:7,734 Points:1,399,640 Joined:Aug 2008	Message Posted: May 29, 2012 10:46:41 AM Ignore outlaw329 Report Abuse Just nuke 'em and maybe that will be better news!
Samo1961 Champion Author Los Angeles Posts:2,030 Points:647,400 Joined:Feb 2011	Message Posted: May 29, 2012 10:45:25 AM Ignore Samo1961 Report Abuse Very old news.....
ramshot412 Champion Author Riverside Posts:20,274 Points:2,490,590 Joined:Apr 2004	Message Posted: May 29, 2012 10:45:03 AM Ignore ramshot412 Report Abuse Still with this story???
honkerman Champion Author San Jose Posts:45,186 Points:2,423,820 Joined:Jul 2004	Message Posted: May 29, 2012 10:42:44 AM Ignore honkerman Report Abuse o.k.
cobbwebb Champion Author New Hampshire Posts:1,624 Points:565,470 Joined:Sep 2011	Message Posted: May 29, 2012 10:42:34 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:240 Points:216,850 Joined:Oct 2006	Message Posted: May 29, 2012 10:42:17 AM Ignore SteveS2000 Report Abuse I want to be a Champion Author.
RedskinGas Champion Author Tennessee Posts:2,083 Points:1,144,860 Joined:Jun 2006	Message Posted: May 29, 2012 10:41:37 AM Ignore RedskinGas Report Abuse Do I really care?
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