Iran's oil terminals move to private hands
09.23.2009 - NEWS
The government in Iran announced plans to unload 40 percent of its stake in the state-controlled Iranian Oil Terminals Co. to the private sector.

Ali Kardour, the head of a national privatization working group, said the transfer was part of a national plan to expand oil storage facilities, the Mehr News Agency reports.
“The ownership of the jetties, metering facilities and storage tanks will still remain in government hands,” he added.
Iran took state control over most of the economy following the revolution in 1979. In the wake of the Iran-Iraq war, however, the government moved to privatize various market sectors in an effort to stimulate the economy.
Iran amended its Constitution in 2004 to push toward privatization, and in 2008 Supreme Leader Ali Khamenei called on the government to hasten those efforts.
Iranian Oil Terminals Co., a division of the National Iranian Oil Co., has four transport hubs that load more than 2,000 oil tankers per year.

Heikki Malinen Appointed as the President and CEO of Neste
05.03.2024 - NEWS
May 03, 2024 [Petrol Plaza]- Neste Corporation’s Board of Directors has appointed Heikki Maline... Read More
Belgian Port Plans to Build €250m Hydrogen and Ammonia Export Terminal in Namibia
05.03.2024 - NEWS
May 03, 2024 [Esquare]- The Port of Antwerp-Bruges plans to build a €250 million ($267 million)... Read More
European Commission Grants €720 Million to Renewable Hydrogen Projects
05.03.2024 - NEWS
May 03, 2024 [Offshore Energy]- European Commission has awarded nearly €720 million to seven re... Read More
Rotterdam LNG Bunkering Volumes Jump in Q1
05.03.2024 - NEWS
May 03, 2024 [LNG Prime]- LNG bunkering volumes in the Dutch port of Rotterdam reached a record l... Read More