News ID: 117691
Published: 0418 GMT May 09, 2015

Iran's crude oil export capacity increase 20%

Iran's crude oil export capacity increase 20%

Managing Director of Iranian Oil Terminals Company Seyyed Piruz Mousavi said on Saturday that operational capacity of Kharg Island for exporting Iranian crude oil has increased 20 percent.

The inauguration of the export capacity increase was held last week in a video-conference inauguration by the oil minister. It included using four new oil reserve containers with one million barrels of oil each.
He said that using the new crude oil containers increased the country's reserve capacity in Kharg Island from 23 million to 27 million barrels.
'The completion and putting to use the containers increased Iran's reserving capacity, and provided a noticeable privilege for the country in international transactions with the foreign clients,' he added.
The managing director of Iranian Oil Terminals Company said that the construction of the huge oil containers began in the year 2000 and they were completed in the fall season of the year 2014, but full preparation of them for final use continued till last week.
Mousavi said that currently Iran has 36 crude oil containers in Kharg Island with capacities ranging from 250,000 barrels to one million, noting that 60% of them are of the latter type.
He said that if the board of directors of the National Iranian Oil Company will approve, four more one million barrel crude oil containers, they will be constructed in Kharg Island in the course of the current Iranian year (1394, ending on March 20, 2016).
Iran's Kharg Island is located at a 75 kilometer distance to the North of Bushehr City and 95% of the country's crude oil exports are done through its oil terminals.

   
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