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Iran crude oil exports capacity reaches 6m bpd

IOTCO: Following renovation and reconstruction of oil jetties, and loading and offloading facilities, the country’s oil throughput capacity has increased to around 6m bpd,

Iran crude oil exports capacity reaches 6m bpd
(Monday, May 9, 2016) 17:07

Managing Director of Iranian Oil Terminals Company (IOTC) Pirouz Mousavi says Iran has brought its crude oil exports capacity to five million barrels per day (bpd). “Following renovation and reconstruction of oil jetties, and loading and offloading facilities, the country’s oil throughput capacity has increased to around 6m bpd,” Mousavi said on Wednesday. He said that Kharg oil terminal alone can handle several million barrels a day of crude oil. Mousavi stated that four new crude oil storage facilities, which are expected to become operational by February next year,  Kharg’s storage capacity 28 million bpd. “Simultaneous with [Iran] Oil Ministry’s plan for enhanced crude oil production and exports capacities, the black gold’s exports throughput at the country’s oil terminals will increase,” the official said. Iran holds the world’s third-largest proven oil reserves and the second-largest natural gas reserves. 

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