June 28, 2017 [OPIS] - Some 240 million bbl of light crude were exported last year from Iran's main terminal at Kharg Island, an increase of 87% over the previous period, according to Iran Oil Terminals Company.
In total, around 780 million bbl of oil and condensates were exported from Kharg last year, including the light crude shipments, IOTC managing director Pirouz Mousavi said in a statement on the company’s website today.
Kharg is the biggest export terminal south of Iran that accounts for the bulk of the country’s oil exports. More than 800 vessels docked in the terminal to load crude oil in the latest Iranian year, which ended on March 20, compared to 540 in the previous year. Expansion work at the terminal has resulted in a total of nine jetties available for the berthing of oil tankers.
“The most important reason for the last year rise in oil exports was the improvement of marketing and sales in the post-nuclear agreement era,” Mousavi said today.
Kharg has the capacity to export around 8 million b/d of oil. Following the lifting of most economic sanctions in January 2016, Iran is currently exporting some 2.6 million b/d of oil and gas condensate, according to the IOTC website.
IOTC is a subsidiary of the National Iranian Oil Company that specializes in shipping, storage, as well as the import and export of crude oil and gas condensate.
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