71018
Oil loading capacity at Kharg has increased to 8 million bpd, nearly three times over and above the current level of oil and condensates exports.
Oil loading capacity at Kharg has increased to 8 million bpd, nearly three times over and above the current level of oil and condensates exports.

Iran's Kharg Daily Oil Exports at 2.1m Barrels

Iran's Kharg Daily Oil Exports at 2.1m Barrels

Close to 780 million barrels of oil were exported from Iran’s largest oil loading and export facility, the Kharg Oil Terminal, in the previous fiscal year that ended on March 20, 2017, Iran Oil Terminals Company said in a report.
The terminal, 25 kilometers off the Iranian coast in the Persian Gulf, shipped a total of 230 million barrels of light and 480 million barrels of heavy crude as well as 70 million barrels from Forouzan Oilfield near Kharg Island, which is shared by Iran and Saudi Arabia, Shana reported.
Daily exports stood just above 2.1 million barrels, according to the report. More than 90% of Iran’s crude are shipped from the terminal.
According to IOTC data, oil loading capacity at Kharg has increased to 8 million bpd, nearly three times over and above the current level of oil and condensates exports.
Over 800 tankers and vessels of all sizes berthed at the terminal in the last fiscal, up from 540 in the previous year, or around 33%.

The report added that gas condensate exports from the southern port of Asalouyeh in Bushehr Province jumped nearly 50% year-on-year. Asalouyeh is home to expansive gas production and processing facilities of South Pars, the world's largest gas field shared between Iran and Qatar.
Once the world’s largest offshore crude oil terminal and the main marine terminal for Iranian oil, Kharg Island’s facilities were decommissioned during the Iraq-imposed war (1980-88) following heavy bombardments by the enemy forces. The heavy tanker traffic at Iran's main crude oil export hub stems from last year's lifting of sanctions that allowed the country to raise output and resume shipments to customers who were unable to purchase Iran's crude oil over trade embargoes against Tehran over its nuclear program.
Under the sanctions, production was significantly curtailed and exports fell to just above 1 million barrels per day as some Iranian and foreign tankers were reportedly forced to reflag to continue moving Iranian crude.
According to Ali Kardor, chief executive of the National Iranian Oil Company, Iran is pumping 3.95 million barrels of crude oil daily with exports at 2.2 million bpd, ISNA reported on Wednesday. That is 50,000 barrels higher than what Iran reported to OPEC in July through direct communications. According to calculations by the group's secondary sources, Iran produced 3.824 million barrels of oil a day in July, up nearly 7,000 barrels per day from the previous month.
Officials place condensate exports between 600,000 and 700,000 barrels a day.

 

 

Short URL : https://goo.gl/UXR3Ra
  1. https://goo.gl/UgzpSy
  • https://goo.gl/ZbJHJw
  • https://goo.gl/F3qwpp
  • https://goo.gl/ajBVVk
  • https://goo.gl/6JYURx

You can also read ...

Iran Oil Minister Plays Down Total's Exit From Binding Gas Deal
Iranian Oil Minister Bijan Namdar Zanganeh says Total S.A.'s...
NIOC has concluded MoUs with Austria’s OMV and Thailand’s PTTEP for undertaking surveys on the oilfield.
Singapore-based Berlanga Group has signed a memorandum of...
Essar’s Oct. Iran Oil Imports Fall
Indian private refiner Essar Oil’s imports from Iran fell by...
Tehran and Dushanbe have discussed the idea of using tracts of land in Tajikistan for cultivating crops to be imported back to Iran.
In his first overseas trip as Iran's energy minister, Reza...
Just two offshore companies accounted for 45% of the total owed creditors this year.
Offshore oil drilling and services companies, hurt by the...
IEA: US to See Most Crude Output Growth in 10 Years
The United States is expected to account for more than 80% of...
S. Arabia’s Falih: 50% of Excess Oil Remain
The world will still have a surplus of oil by the end of March...
Oil Prices Set for Weekly Fall
Oil prices rose on Friday but remained en route for their...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus