Iran discloses new oil export program

Oil&Gas Materials 21 January 2020 19:39 (UTC +04:00)
Iran discloses new oil export program

BAKU, Azerbaijan, Jan. 21

By Elnur Baghishov - Trend:

Iranian Oil Minister Bijan Zangeneh has announced a new oil export program throughout Iran and the names of oil refineries.

Crude oil and gas condensate will be exclusively exported through the National Iranian Oil Company,” Zangeneh said in a letter, Trend reports referring to the company's website.

The letter was addressed to Chairman of the Iranian Committee on Combating Product and Currency Smuggling Ali Moyayyidi Khurramabad.

In accordance with the letter, the export of crude oil (heavy and light) and gas condensate by other companies will be considered smuggling.

The companies operating under the Iranian Ministry of Petroleum are the National Iranian Oil Company, National Iranian Oil Products Distribution Company, National Iranian Oil Products Distribution Company and National Iranian Gas Company.

Among oil refineries producing various oil products are Abadan refinery, Tehran refinery, Isfahan refinery, Shazand refinery, Tabriz refinery, Shiraz refinery, Bandar-Abbas refinery and Persian Gulf Star refinery.

Among the companies producing various petrochemical products are Persian Gulf Petrochemical Industries Company, Bandar-Imam Petrochemical Company, Nouri Petrochemical Company, Arya Sasol Polymer Company, Pars Petrochemical Company, Ilam Petrochemical Company, Kavian Petrochemical Company, Shimibaft Petrochemical Company, Amir Kabir, Bu Ali Sina Petrochemical Company, Maru Petrochemical Complex, Morvarid Petrochemical Company, Kharg Petrochemical Complex, Bushehr Petrochemical Company, Jam Petrochemical Company, Shazand Petrochemical Company, Bid-Boland gas refinery, Kangan Petro Refining Company, Bistoon petrochemical company.

In general, Iran has 125 oil fields and 59 gas fields. Iran's total hydrocarbon reserves reach 836 billion barrels. By using technological equipment, it may produce 239 billion barrels. Iran may use 29 percent while 71 percent remain underground.