Iran Kharg Terminal Crude Loading Capacity at 8 mbpd

Iran Kharg Terminal Crude Loading Capacity at 8 mbpd
Iran Kharg Terminal Crude Loading Capacity at 8 mbpd

Kharg terminal’s crude oil loading capacity has increased to 8 million barrels per day that is close to three times over and above the current level of oil and condensates exports, managing director of Iran Oil Terminals Company (IOTC) said.

“Tankers with different storage capacities can berth at nine newly overhauled loading arms without restriction or technical hurdles,” Pirouz Mousavi was quoted as saying by Shana on Saturday.

According to official data, daily exports now amount to more than 2 million bpd of crude oil plus 600,000-700,000 barrels of condensates, a type of ultra light crude.

“Kharg terminal exported 240 million barrels of crude in the previous fiscal that ended in March,” he said, adding that the IOTC operations and facilities conform to international standards.

Pointing to the heavy traffic of tankers in the main southern terminals, Mousavi said most vessels belong to European oil majors, including from France’s Total. Moreover, 75% of Iran’s oil shipment to Asian target destinations is carried out by the National Iranian Tanker Company’s fleet.

Asked about crude oil exports via ship-to-ship (STS) method in addition to using loading arms, Mousavi said 26 STS operations were undertaken to export condensates during the last six months.

An STS operation is the transfer of cargo between seagoing ships positioned alongside, either while sailing or stationary. Cargo typically transferred via STS methods includes crude oil, liquefied natural gas and condensates.

Kharg Oil Terminal is located on the island by the same name in the Persian Gulf 25 km off the Iranian coast. More than 90% of Iran’s crude is shipped from the island.

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