Neka Oil Loading Facility in Desiging Phase

Neka Oil Loading Facility in Desiging PhaseNeka Oil Loading Facility in Desiging Phase

The engineering design of new oil loading facilities at the Neka Oil Terminal in the Caspian Sea region has commenced, deputy for engineering affairs at the Iranian Oil Terminals Company (IOTC) said.

“The northern [Neka] port is the only terminal with infrastructure for oil swap and loading and the biggest terminal in the Caspian Sea for loading crude byproducts,” Peyman Entezam was quoted by Moj news agency as saying on Friday.

The terminal’s development is now ahead of schedule with approximately 25 percent progress, he said, adding that the project is slated to be completed by June 2016. Plans call for design and construction of 13 oil tanker docks for berthing tankers of up to 63,000 ton capacity.

Its capacity for loading oil and petroleum products currently stands at 120,000 barrels per day, but it is slated to reach 1.5 million bpd upon completion.

Last week, Iranian ambassador in Turkmenistan Mohammad Mousa Hashemi said that Iran is ready to resume petroleum products swap with Turkmenistan via the Neka terminal. The two countries stopped trading oil byproducts through the northern terminal nearly six years ago.

Neka Oil Terminal is located 20km off the city of Neka in Mazandaran Province