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IOTC & Dunlop Ink Protocol for Cooperation

Source: Shana 5/9/2018, Location: Asia

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The Iran Oil Terminals Company (IOTC) and Britain's Dunlop signed a memorandum of understanding for equalizing the technical specifications of floating hoses.

CEO of IOTC Pirouz Mousavi said Dunlop is an experienced company that can help transfer technology into Iran.

"We have thus far received important equipment from Dunlop and pursuant to the MOU signed today, cooperation between the two parties will continue more seriously," he added.

Mousavi expressed hope that another MOU would be signed with this company in the near future.

He also said that Iran's crude oil exports hit a record 2.6 mb/d in April, hoping it would keep rising.

Mousavi said more than 3.5 million barrels of oil were swapped since swap operation resumed last year.

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