The Islamic Republic of Iran has increased its oil swap capacity in the Caspian Sea region to 500,000 barrels per day (bpd).
According to a report on Sunday, Iran has increased the volume of its oil swap with the Caspian Sea littoral states, and currently has three short-term, mid-term and long-term plans high on its agenda in this regard.
The Islamic Republic plans to develop the coastal infrastructure at its northern port city of Neka, situated some 200 kilometers (124 miles) north of Tehran, and raise its oil swap capacity.
Iran ups Caspian Sea oil swap capacity
04 March 2013
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Iran increases oil swap capacity in Caspian Sea region.
