TEHRAN:Iranian state TV says the country has inaugurated its first natural gas storage facility.
Business | Oil & Gas
Iran opens first gas storage facility
7.3 million cubic meters of gas have already been stored there
- AP
- Published: 16:51 January 5, 2013
The Saturday report says President Mahmoud Ahmadinejad opened the facility at Sarajeh outside the central Iranian holy city of Qom. It said that the site can now store 1.5 billion cubic metersbut will increase the capacity to 3.3 billion cubic meters in a second phase of development.
The broadcast says some 7.3 million cubic meters of gas have already been stored there.
Iran is under Western oil and gas sanctions over its refusal to halt uranium enrichment. The US and its allies accuse Iran of seeking to develop nuclear weapons, a charge Tehran denies.
Business Editor's choice
-
Islamic finance forum offers mixed messages
Diverse gathering generates heat and light but exposes muddle of motivations
-
Yahoo nearing $1.1b acquisition of Tumblr
Deal could be announced Monday as internet company’s board of directors prepares to meet
-
Mobile advertising must catch up in region
Middle East made up 6 per cent of global smartphone shipments last year