Iran to triple furnace oil export capacity

Oil&Gas Materials 5 November 2013 13:05 (UTC +04:00)

Azerbaijan, Baku, Nov.5/ Trend F.Karimov/

Iran will boost its furnace oil export capacity from 8500 barrels per hour to 25,600 barrels per hour, ISNA quoted Iranian Oil Terminals Company's managing director Pirouz Mousavi as saying.

Through renovating the input facilities at Kharg Island, the export capacity of the eastern dock will be increased from 5000 barrels per hour to 16,000 barrels per hour and the capacity of the western dock will be increased from 3500 barrels per hour to 9600 barrels per hour, he explained.

The renovation project is now 85 per cent complete he said, adding that 65 billion rials (about $2.6 million based on the U.S. official exchange rate of 24,900 rials) plus €6.4 million has been allocated to the project.

In October, Mousavi said Iran had boosted its oil export capacity to five million barrels per day (mbpd).

Through renovating oil terminals and shipment facilities at Kharg Island in the Persian Gulf, the country's oil export capacity has been increased to five million barrels per day, he explained.

The combined carrying capacity of oil tankers leaving Iranian ports last month rose 21 per cent from August, vessel tracking data compiled by Bloomberg shows.

The implied capacity of departing ships gained the equivalent of 1.30 million barrels a day from 1.07 million barrels.

In May, Mousavi said Iran will launch a floating oil export terminal in order to boost the country's capability to export crude oil and reduce storage costs in the Persian Gulf, the Tasnim News Agency reported.

Considering that a large number of joint oil and gas fields are located in the Persian Gulf, such a terminal will help the country expedite oil storage and export operations, he added.

The first floating oil terminal, named Sourena, is currently exporting crude oil produced in the Norouz and Soroush fields in the Persian Gulf.

Previously, Mousavi said that in less than two years, Iran will increase its export of gas condensate from the current level of 450,000 barrels per day (bpd) to 1.2 million pbd.

The IOTC chief said Iran currently exports condensate from the southern port of Asalouyeh, adding that the country plans to further boost condensate exports by building new facilities near the city of Kangan in the Bushehr Province, south of Iran.