Iran Boosts loading Capacity at Its Largest Oil Terminal

Iran Boosts loading Capacity at Its Largest Oil Terminal

The Kharg oil terminal in Iran has increased its crude oil loading capacity to 8mb/p, three times the current Iranian crude and condensate exports,  the Iranian Oil Terminals Company (IOTC)’s Managing Director, Pirouz Mousavi, said according to Oil Price.

Mousavi highlighted the rise in number of foreign oil tankers in Iranian oil terminals following implementation of Joint Comprehensive Plan of Action (JCPOA) saying “so far, companies like Total, Italian Eni, and Russian Lukoil as well as Greek, Belarusian and Norwegian companies have moored at Iran’s Kharg oil terminal,”  Mehr News Agency  informed.

In the 2016/2017 Iranian year that ended in March 2017, Iran shipped 780mb of crude oil from the Kharg terminal, up by 80% from the previous year, IOTC said in May. IOTC’s Director of Operations, Gholamhossein Gerami, said that Iran exported more than 230mb of light crude oil, 480mb of heavy crude and nearly 70mb of Forouzan crude from the terminal.

Mahinaz El-Baz 317 Posts

Mahinaz El Baz received her MSc degree in Foreign Trade Economics from Helwan University in 2016. She has two years of experience in journalism and four years of experiance in economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.

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