Nov 11, 2010

Iran seeks crude storage in Southeast Asia



Iran is seeking to store at least 2 million barrels of crude oil for at least six months in Southeast Asia but is struggling to find hosts due to international sanctions, industry sources familiar with the storage negotiations said on Thursday.
The world's fifth-largest oil exporter, under Western pressure to cease its nuclear program, has been talking to commercial storage operators in Singapore over the past month, sources said.
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Source: Alarabiya

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