Dutch firm to build floating oil terminal in Iran
TEHRAN, October 30, 2016
Iran Oil Terminals Company (IOTC) has held talks with a Dutch firm to revamp and develop oil terminals in the Arabian Gulf as well as build a floating oil terminal, a top official said.
A number of single buoy moorings (SBMs) used in Iranian oil terminals are Netherlands-made and partnership can be established for supplying required equipment, IOTC managing director Pirouz Mousavi was quoted as saying in an Iran Daily report.
He highlighted several areas for Iran-Netherlands cooperation including modernization of harbours, loading arms and storage facilities as well as SBMs.
"Presently, given the refurbishment of facilities, a total of 10 oil tankers can dock at Kharg terminal which caters for 93 percent of Iran's crude exports," said Mousavi.
Together with domestic companies which meet most of the demand, Dutch firms can also participate in the market, he added.
"Following the removal of sanctions, the highest loading per day at Iran's Kharg oil terminal has been more than seven million oil barrels which were received by Iranian and foreign tankers," he noted.
