Iran repeats oil export record of 7 mln barrels in single day

Business Materials 19 June 2016 21:05 (UTC +04:00)

Baku, Azerbaijan, June 19

By Fatih Karimov – Trend:

Iran registered a new record of oil export and tanker traffic during current fiscal year(started March 20) as nine tankers docked at its largest oil terminal to load 7.1 million barrels of crude oil in one day, Pirouz Mousavi, Managing director of Iran Oil Terminals Company (IOTC), said, Mehr news agency reported.

On June 18, eight oil tankers simultaneously docked at eastern and western ports of Kharg Oil terminal, while the ninth tanker also loaded crude oil in ship-to-ship method, Mousavi said, adding through that export of 7.1 million barrels of crude oil was made possible.

The tankers which loaded crude oil at the terminal yesterday belong to China, India, South Korea and a European country, he said.

The Kharg oil terminal currently has capability for docking of 10 oil tankers at the same time, he said, adding there is no technical or operational limitation for providing services to Iranian and foreign tankers at the oil terminal.

Last year in May Iran exported seven million barrels of oil in a day, a new record after ten years.

Iran’s oil export stood at one mbpd when the country was under sanctions. The sanctions were lifted in January. By April, Iran reclaimed its pre-sanctions 2.3 mbpd export.

The country says it has suffered unfair treatment under the sanctions and is now entitled to making up for the loss.