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Terminals responsible for 90% of Iran crude exports: official

Photos: Neka Oil Terminal by Heidar Rezaii

TEHRAN, June 10 (Mehr News Agency) - Ninety percent of Iran's crude oil is exported through the terminals, the operation manager of Oil Exports Terminals Company announced here Saturday.

Abdurrahman Kheilaii added a contract has been signed for building an oil rig fit for stormy waters.

The cost-efficient method of pumping oil into the tankers, already in use in the North Sea, transfers the crude from a seabed dock via a flexible hosepipe.

"This system proves to be very economical for oil swap cases," said the operation manager, adding the company's current capacity allows vessels up to 7,000 tons to berth.

"According to a contract signed with National Iranian Oil Company (NIOC), a sea terminal project to receive tankers at 63,000 tons is to be implemented soon and six vessels are under construction to this end," he revealed.

The SADRA Company is building three of the ships, he added.

Iran, on the average, swaps some 117,000 bpd for Caspian Sea littoral states in the south and this offshore oil pumping project could keep such expenses down significantly.

... Payvand News - 6/10/06 ... --

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