The National Iranian Oil Company expects to complete a pipeline and a terminal near Kharg Island by the end of 2016, in preparation to start exporting the new grade crude, known as West Kharoon.

Iran records a 60% increase in oil export volumes by foreign supertankers docking at the country's southern Kharg oil terminal, in the Bushehr province, in the first four months of the Iranian calendar year, starting on March 20th, compared to the same period of 2015.