“We have already completed the groundwork for the project and will soon announce an international tender,” Shahnazizadeh said. “I invite international companies, including Russian companies, to participate in the project.”

Iran’s storage capacity is around 1.5 million barrels of oil at ports on the Caspian Sea for delivery to Azerbaijan through the intended 1550-kilometers long Neka-Jask pipeline, which is proposed to run from the Caspian Iranian port of Neka to Jask on the Gulf of Oman, connecting many regional suppliers, including Russia and Turkmenistan.