Gas condensate loading capacity to expand at Iran terminal

Iran Materials 15 May 2012 14:24 (UTC +04:00)

Azerbaijan, Baku, May 15/Trend M. Moezzi

Iran is working to boost the gas condensates loading capacity at its Assaluyeh terminal to 1.2 million barrels a day.

Right now two floating buoys are being used to transfer gas condensates on to tankers offshore at the Assaluyeh terminal in the Persian Gulf, the Islamic Republic News Agency (IRNA) reports.

To meet the greater production and exports of gas condensates when 14 new phases of the joint South Pars oil and gas field come online, two more buoys will be put into operation, said Seyed Pirouz Mousavi the head of the Iranian Oil Terminals Company.

Iran's exports of gas condensates grew 25 per cent last year (Iran's solar year ended on March 19) to average 458,000 barrels a day.

Iran and Qatar share the 9700 square kilometre South Pars gas and oil field.