Iran's Largest Oil Terminal to Expand Export Capacity

The Iranian Oil Terminals Company is operating at full steam to boost oil exports capacity from Kharg Oil Terminal, the country's largest oil loading and export facility, managing director of Iran Oil Terminals Company said.
"Plans are underway to increase the terminal's capacity by 700,000 barrels per day within two years," Seyyed Pirouz Mousavi was also quoted as saying by Shana, the Iranian National Oil Company's news agency.
Referring to the key role of the southern hub, Mousavi noted that 90% of the country's crude are shipped out via Kharg.
Iran's daily exports now exceed 2 million bpd of crude oil plus 600,000-700,000 barrels of condensates, a type of ultra light crude.
The oil terminal is located on Kharg Island in the Persian Gulf, 25 kilometers off the coast of Iran.