Page 6 - MEOG Week 49 2022
P. 6
MEOG PIPELINES & TRANSPORT MEOG
Iran maintains infrastructure,
sends more crude to Venezuela
IRAN THE Iranian Oil Terminals Co. (IOTC) has said to first pass through the Strait of Hormuz. The
that it is working to maintain the country’s oil terminal is the end point of the Goreh-Jask
export infrastructure with a view to increasing Crude Oil Transfer Project and will also feature
crude and product sales. Meanwhile, an Iranian an initial 20 storage tanks with a total storage
tanker arrived in Venezuela carrying 2mn bar- capacity of 10mn barrels of crude, with storage
rels of ultra-light oil. capacity eventually rising over a further two
IOTC managing director Abbas Asadruz was phases to 30mn barrels. It has been designed to
quoted by Ministry of Petroleum (MoP) news handle exports of heavy and light crude grades as
outlet Shana as saying that his company is taking well as condensates.
all the necessary measures to keep the country’s Two further SPMs with associated pipelines
oil terminals maintained and up-to-date. and metering facilities will expand the port’s
Speaking during a visit to Kharg Island Oil export capacity to at least 1mn bpd as the Goreh-
Terminal, Asadruz emphasised the necessity and Jask pipeline’s capacity rises to that level.
significance of maintaining and modernising With sanctions continuing to hamper Iran’s
Iran’s oil infrastructure, including storage tanks, efforts to increase oil exports, these facilities are
pipelines and export docks. likely to remain underused for some time to
“IOTC as a technical, operational and spe- come.
cialised company in charge of crude oil and gas However, Tehran continues working to lev-
condensate export operations must have the erage ties with its remaining close allies to sell
necessary capabilities to carry out the assigned its crude. In recent months, Iran and Venezuela
missions in the best possible way,” he said. have been expanding their co-operation through
Iran has four oil terminals, the largest of crude swaps – Iran sending light crude to Vene-
which is Kharg Island, through which around zuela for blending with its domestic heavy output
90% of its exports currently flow, as well as the and the South American country shipping heavy
major Assaluyeh gas hub. Kharg Island is under- oil and fuel to the Islamic Republic.
stood to be capable of loading 7-8mn bpd of The Iran-flagged Dore tanker arrived this
crude. week at Venezuelan state oil firm PdVSA’s Jose
In mid-2021, the first 350,000-bpd sin- terminal carrying 2mn barrels of Iranian crude.
gle-point mooring (SPM) was installed at the Including this shipment, Iran has sent 26mn bar-
Jask Oil Terminal, a facility offering Iran direct rels of crude oil and condensate to Venezuela this
export access to the Sea of Oman without having year.
P6 www. NEWSBASE .com Week 49 07•December•2022
