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Iran denies crude sea storage reports

The Iranian Oil Terminals Co (IOTC) has denied reports claiming that the Islamic Republic is storing oil at sea, and said the country has no stored crude oil on board tankers off its coasts, Fars news has reported. "We have no oil restored at sea," said the managing director of IOTC, Seyed Pirooz Moussavi, adding that oil tankers off the coasts of the Southern Khark island are waiting for crude cargos to leave the island for their destination.