Iran plans oil export terminal outside Gulf
(Adds background on Caspian oil find, capacity increase plans) May 21 (Reuters) - Iran plans a new oil terminal outside the Strait of Hormuz to protect its exports against potential problems in the Gulf and to boost shipments of Caspian oil, the oil ministry news website said on Monday. Tehran had threatened to block the vital Gulf oil shipping route during its long standoff with the West over its nuclear programme. The Shana website reported the head of the Iranian Oil Terminals Company (IOTC), Pirouz Mousavi, saying Iran plans to build a ...
Click
To Read Full Article