New car oil export terminal launched in southern Iran

Business Materials 6 September 2018 13:35 (UTC +04:00)

Tehran, Iran, Sept. 6


A new export terminal belonging to Iranol Oil Company, a major local car oil producer, has been launched at Imam Khomeini Port in the southern Khuzestan Province.

“The terminal has a capacity of 25,000 tons and has been launched with an investment of 630 billion rials (each USD makes 42,000 rials),” Isa Es'haqi, managing director of Iranol, said during the opening ceremony of the terminal, ILNA reported September 6.

The terminal has eight reservoirs, three of which have a capacity of 5,000 tons and the remaining four can hold 2,500 tons of car oil each, he added.

The head of Iranol further said the terminal could help reduce costs and create jobs.

“We used to rent reservoirs before this. Now there is no need,” Es'haqi said.

The Iranol export terminal is among one of the most advanced and equipped terminals in Iran, which enjoys an area of 2.5 hectares.

Iran plans to move its main oil export terminal from the Persian Gulf to a terminal in the Gulf of Oman.

Moving the main oil export terminal from the Khark Island terminal to Bandar-e-Jask on the Gulf of Oman would result in Iranian oil tankers not having to pass through the critical choke point in the Persian Gulf — the narrow Strait of Hormuz — which is being used for exports by both Iran and its rivals in the area, including Saudi Arabia.