Iran Oil Terminals Company’s (IOTC), Managing Director, Seyyed Pirouz Mousavi, declared that the Iranian company is in negotiation with a Dutch firm to renovate and develop Iran’s oil terminals infrastructure in the Persian Gulf, reported Trade Arabia.

Mousavi said that several venues for cooperation between Iran and the Netherlands including the modernization of harbors, loading arms, storage facilities and Single Buoy Moorings (SBMs). He added: “a number of SBMs used in Iranian oil terminals have been made by the Netherlands with whom partnership can be launched for supplying required equipment,” according to Mehr News Agency.

His comments came on the sidelines of the Offshore Energy Exhibition and Conference (OEEC) held in the Netherlands. Mousavi added that Iran’s volume of crude and gas condensate exports has reached pre-sanction levels noting “currently, all facilities, equipment and infrastructures for storage, loading and exports on oil products have been renovated and upgraded.” He concluded that after the refurbishment of these facilities, a total of 10 oil tankers can dock at Kharg terminal which undertakes 93% of Iran’s crude exports.