30 August 2016 - 10:11
  • News Code: 268101
Iran Crude Oil Inventories at 28mb

TEHRAN, Aug 30 (Shana) -- The Iranian Oil Terminals Company has raised the level of Iran's crude oil inventories from 24 million barrels under the previous administration to 28 under Iranian President Hassan Rouhani.

A subsidiary of the National Iranian Oil Company (NIOC), IOTC has raised the volume of its inventories in line with NIOC's policies of sustainable crude oil supply to the market.

IOTC carry out specialized projects for raising the level of its storage and measuring systems. The company is also actively involved in Iran's oil and gas condensate trade. 

News Code 268101

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