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Kharg terminal dispatches 240mn crude barrels

In the previous Iranian year (ended March 20), a total of 240 million barrels of Iranian light crude were deployed to global markets through Kharg oil terminal.

Kharg terminal dispatches 240mn crude barrels
(Tuesday, June 27, 2017) 00:43

Managing Director of Iran Oil Terminals Company (IOTC) Seyed Pirouz Mousavi made the announcement noting that the figure indicates an 87% rise as compared to the earlier year.

He said the main reason behind the upsurge in crude export volumes was improvement of marketing and sales of the product in the post-JCPOA era.

The official also pointed to the considerable leap in crude oil storage saying “good achievements have been obtained as regards storage in Iranian oil terminals.”

IOTC CEO went on to add that significant steps had been taken in line with expansion of activities in oil terminals as evidenced by ongoing projects as well as those being on agenda.

In the previous Iranian calendar year, approximately 780 million barrels of crude oil were exported through Kharg oil terminal 240 million barrels of which pertained to light oil. Moreover, mooring of 800 vessels for loading crude oil revealed a sizeable increase as compared to the figure for the earlier year which stood at only 540.

Iran Oil Terminals Company is a subsidiary of National Iranian Oil Company (NIOC) which conducts activities in areas like storage, measurement, laboratory services, exports and imports of crude oil and gas condensate not to mention maritime services.

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