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Netherlands to build floating oil terminal in Iran

IOCT managing director has reported on negotiations with a Dutch firm to renovate and develop Iranian oil terminals in the Persian Gulf.

Netherlands to build floating oil terminal in Iran
(Thursday, October 27, 2016) 13:22

On the sidelines of Offshore Energy Exhibition & Conference (OEEC) the Netherlands, Managing Director of Iran Oil Terminals Company (IOTC) Seyyed Pirouz Mousavi said Iran’s volume of crude and gas condensate exports has reached pre-sanction levels noting “currently, all facilities, equipment and infrastructures for storage, loading and exports on oil products have been renovated and upgraded.”

The official enumerated several venues for cooperation between Iran and the Netherlands including modernization of harbors, loading arms, storage facilities and Single Buoy Moorings (SBMs); “a number of SBMs used in Iranian oil terminals have been made by the Netherlands with whom partnership can be launched for supplying required equipment.

“Presently, given the refurbishment of facilities, a total of 10 oil tankers can dock at Kharg terminal which undertakes 93 per cent of Iran’s crude exports,” highlighted Mousavi deeming the achievement as a great success for the country’s economy.

IOCT managing director went on to add that his company will continue activities for updating storage and export facilities of crude and gas condensate in line with international standards; “in time woth domestic companies who supply a great portion of the demand, Dutch firms can also participate in the market.”

“Following the removal of sanctions, the highest loading volume per day at Iran’s Kharg oil terminal has been more than seven million oil barrels which were received by Iranian and foreign tankers,” he reiterated.

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