Baku, Azerbaijan, Jan. 27
By Emil Ilgar – Trend:
Japan has purchased 160,000 barrels of gas condensate from Iran for the first time after removal of sanctions, Pirouz Mousavi, managing director of Iran Oil Terminals Company (IOTC), told Mehr Jan. 27.
The sanctions on Iran were removed in January 2016.
Mousavi said the gas condensate is being loaded to a super tanker with 2 million barrels of capacity, including 0.5 million barrels of gas condensate capacity.
He added that once the cargo is loaded in Asaluyeh, the Japanese tanker would sail to Kharg Island to take about 650,000 barrels of Iran’s crude oil (light crude with an API degree of 36), produced in the Forouzan field.
Forouzan is located 100 km southwest of the Kharg Island. It was discovered in 1966 with estimated in-place reserves of 2.309 billion barrels of crude. The field is known as Marjan in Saudi Arabia.
Iran currently extracts 38,000 barrels per day (b/d) of crude oil from the field, according to the Iranian Offshore Oil Company (IOOC).
Iran also produces 560,000 b/d of gas condensate, almost all from South Pars gas field.
According to monthly reports of Iran’s Customs Administration, the Islamic Republic sold more than 430,000 b/d of gas condensate during 2016.