Iran to build more oil storage

Iran will build millions of barrels of oil storage facilities in the Gulf over the next few months in response to international sanctions on its exports, Iran's Press TV reported on Sunday.
"By the middle of the next (Persian calendar) year (beginning March 20, 2013), nearly 8.1 million barrels will be added to the crude oil storage capacity of Iran," Press TV reported the managing director of the Iranian Offshore Oil Company (IOOC), Mahmoud Zirakchian-Zadeh, as saying.