Friday, February 5, 2010

Iran promises big petroleum storage project.

Iran's economic relations with Senegal will now include an announced 40 million cubic meter petroleum storage effort. The effort, projected to create 500 Senegalese jobs, was announced by Iran's ambassador to Senegal yesterday.

According to the announcement, the capacity of the storage will exceed Senegal's petroleum storage needs, allowing it to broker the surplus to surrounding countries.

The promised effort builds on the SenIran motor vehicle factory in Thiès. Actual results of that joint effort so far have been less than impressive, with few cars and public transit vehicles actually coming off line... Big announcements are the easy part. We will be watching for actual results.

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