Managing Director of Iranian Oil Terminals Company (IOTC)
Pirouz Mousavi said on Sunday that construction of reservoir with capacity of
10 million barrels in Genaveh, the capacity for crude oil inventories will
increase.
Pirouz Mousavi said that the inventories will support crude
oil export from Kharg Island, in Persian Gulf.
The construction operation will end by the end of the
current Iranian year (March 21, 2017).
He said that the reservior of crude oil construction project
is a strategic move to secure sustainable production of crude oil.
He said that for the first time the private sector
participated in this project.