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.