Iran's oil terminals move to private hands
09.23.2009 - NEWS
The government in Iran announced plans to unload 40 percent of its stake in the state-controlled Iranian Oil Terminals Co. to the private sector.

Ali Kardour, the head of a national privatization working group, said the transfer was part of a national plan to expand oil storage facilities, the Mehr News Agency reports.
“The ownership of the jetties, metering facilities and storage tanks will still remain in government hands,” he added.
Iran took state control over most of the economy following the revolution in 1979. In the wake of the Iran-Iraq war, however, the government moved to privatize various market sectors in an effort to stimulate the economy.
Iran amended its Constitution in 2004 to push toward privatization, and in 2008 Supreme Leader Ali Khamenei called on the government to hasten those efforts.
Iranian Oil Terminals Co., a division of the National Iranian Oil Co., has four transport hubs that load more than 2,000 oil tankers per year.

Shell-CNOOC China Joint Venture to Close Steam Cracker Due to Feedstock Disruption, Sources Say
03.06.2026 - NEWS
March 06, 2026 [Reuters]- Shell’s south China-based petrochemical complex, a joint ​ventu... Read More
Shell Signs Oil and Gas, Exploration Agreements with Venezuela
03.06.2026 - NEWS
March 06, 2026 [Reuters]- Oil major Shell inked several oil ‌agreements with the Venezuelan gov... Read More
Maersk & Avenir Sign Bio-LNG Supply Agreement
03.06.2026 - NEWS
March 06, 2026 [Tank Storage Magazine]- Avenir Marine Limited, a wholly owned subsidiary of Aveni... Read More
Ecopetrol Eyes Oil Output Boost As Iran Crisis Pushes Up Prices
03.06.2026 - NEWS
March 06, 2026 [Oil price]- Colombia’s state-controlled oil giant Ecopetrol may increase spendi... Read More