If agreed, the $2 billion project would bring around one million barrels of oil per day.
We are capable of storing 1.5 million barrels of oil at the Neka terminal, Jaleel Salari, NICO corporate planning officer said.
He added that Iran played an important role in the Azeri export market through an August 2008 quarrel between Russia and Georgia that closed many major oil-transport links.
Baku is moving to branch out its transit potential as it comes out as a crucial energy partner in the region. Many oil pipelines derive from Azerbaijan, including the Baku-Tbilisi-Ceyhan pipeline.
