A build-to-operate-transfer contract has been signed for a 10-million-barrel crude oil storage facility.
Iran’s Petroleum Engineering and Development Company signed the contract with a domestic firm. The project is part of the Iranian Petroleum Ministry’s strategic plan to develop Jask Port and deliver crude oil from Goreh, Bushehr to Jask in southern Iran.
The National Iranian Oil Company has 5,000 acres of coastal land near Jask city for the construction of special oil, gas, refining and petrochemical projects.
Thanks to a permit for the construction of the 42-inch Gorejh-Jask crude oil pipeline, part of this land has been allocated for the construction of an oil terminal for the export of crude oil and the construction of crude oil storage tanks at Jask port.
The tanks are being built with 10-million-barrels of light and heavy crude oil capacity. They will store the crude oil pumped from the pipeline. The €200 million project can be expanded to a storage capacity of more than 30-million-barrels of crude oil.