Iran Oil Terminals Company’s (IOTC) Managing Director, Seyyed Pirouz Mousavi , said that Iran’s oil and gas condensates tanker traffic in the Persian Gulf terminals has risen by 50%, Financial Tribune reported.

Mousavi added:  stressed that tankers leased out by giant oil companies like France’s Total, Eni of Italy, Russia’s Lukoil as well as Chinese and Japanese firms are presently being sailed into berths and loaded in the country’s southern terminals; “at the moment, Iranian terminals enjoy highest international standards and perceive no restrictions for mooring of foreign vessels,” according to Mehr News.

He further touched upon the operational capability for gas condensate exports in the Persian Gulf explaining that: “with the upsurge in gas condensate output, export volume of the petroleum product has also augmented.” Moreover, the official confirmed that the equipment and facilities in the oil and gas terminals conform to international standards and foreign crude carriers can load oil and gas condensates with no impediment.

Highlighting the strategic project of renovation and overhaul of Asaluyeh floating gas terminals with the aim of boosting condensate export capacity, Mousavi said at least two large vessels with a storage capacity of 320,000 tons can berth simultaneously at the floating terminals. The official noted that plans are in place to increase gas condensate deliveries in tandem with the rise in oil exports.