In April 2006, the Fars News Agency reported that Iran was planning to create an SPR. The National Iranian Oil Company (NIOC) began construction of 15 crude oil storage tanks with a capacity of .
In April 2006, the Fars News Agency reported that Iran planned to create a Strategic Petroleum Reserve. Concurrently, the National Iranian Oil Company (NIOC) began building 15 substantial crude oil storage facilities with an overall capacity of .