BAKU, Azerbaijan, September 15
By Elnur Baghishov – Trend:
Iranian Offshore Oil Company (IOOC) is trying to increase the exports of oil and oil products, said Iraj Jafari, an official of the Iranian Offshore Oil Company on the Lavan Island in the Hormozgan Province (southern Iran), Trend report citing the company’s website.
The official emphasized that for this purpose, the Iranian Offshore Oil Company has received a license from the Iranian Ports and Maritime Organization for the one-year use of the Nakhilu port.
Jafari added that of course, the increase in exports of oil and oil products through this port will also increase employment in the province.
The Nakhilu port is located 14 kilometers from the Lavan Island in the Bandar Lengeh County in the west of Iran's Hormozgan Province.
As reported, the Iranian Offshore Oil Company extracts an average of 500,000 barrels of crude oil per day.
Iran has a total of 125 oil fields and 59 gas fields. The country's total hydrocarbon reserves are estimated at 836 billion barrels. With available technology and equipment, Iran can extract 239 billion barrels. Thus, 29 percent of the country hydrocarbon reserves are recoverable, while 71 percent remain underground.