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Assaluyeh Condensate Exports to Rise

IOTCO : Assaluyeh Terminal’s gas condensate exports capacity will reach 1.6 mb/d after Phase 12 of the gigantic South Pars gas field comes on stream, a senior official said.

Assaluyeh Condensate Exports to Rise
(Tuesday, April 21, 2015) 10:05

Pirouz Mousavi, managing-director of Iran Oil Terminals Company, said the single-point mooring (SPM) for Phase 12 of South Pars is being installed for the operation of the largest phase of the offshore massive field.

South Pars, which Iran shares with Qatar, is currently capable of exporting more than one million barrels a day of gas condensate.

Mousavi said 93 percent of Iran’s oil exports is done via Kharg Iland, adding that the nominal capacity of this terminal is 24 mb which will rise to 28 mb as four storage facilities are being constructed.

He said IOTC managed to save 110 billion rials in the last calendar year which ended in March 2013. He added that the figure will be 300 billion rials this year as Iranians are accounting for maintenance operations.

He proposed that Kharg Island become a special economic zone.

“In this land, nearly 64 percent of IOTC manpower are local people. IOTC is planning to offer education and cultural services, supply drinking water and electricity and recycle wastes,” he said.

Mousavi added that National Iranian Oil Company (NIOC) has shelved its decision to privatize IOTC for the moment.

IOTC, which is an affiliate of NIOC, is instrumental in exporting crude oil.

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