September 09, 2012 [Steel Guru] - Five fuel storage facilities will be inaugurated in Iran by March 2013 boosting the national fuel storage capacity to 12.8 billion liters.
Mr. Heydar Shamsi official at the National Iranian Oil Products Distribution Company said that “Four new storage facilities will be commissioned by the end of the current Iranian year.”
At present, Iran has the capacity to store 11.5 billion liters of fuel which is sufficient for 58 days consumption. Last year, 16 storage facilities were inaugurated nationwide, boosting the country’s storage capacity by 1 billion liters. The storage capacity is planned to hit 14.5 billion liters by 2016.
Mr. Alireza Zeighami deputy oil minister of Iran said that “A package of investment worth USD 47.5 billion has been prepared to develop different sectors of the oil refining and distribution industry. The national oil pipeline network will be expanded from 3,700 kilometers to 5,100 kilometers by 2015.”
Mr. Zeighami said that some USD 2 billion should be invested by 2015 to boost the storage capacity of oil products. Iran is now exporting gasoline and diesel fuel to neighboring countries.
