Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi said “for the first time in the past one hundred years, Iran has turned into an exporter of petroleum products.”
The official noted that all existing capacities in the country’s ports and oil terminals will be devoted to exports of various oil products asserting “in the current situation, long queues of oil tankers has been formed in Iranian terminals and loading schedules have been defined for all merchant vessels designed to transport liquids or gases in bulk.”
NIORDC managing director said Iran’s exports capacity for petroleum products has amounted to 500 thousand liters per day; “so far, the piping operations and installation of loading arms have ended in Mahshahr terminal and the project will soon come on stream.”
“In the first seven months of the current Iranian calendar year, a daily average of 17 million liters of gas oil was deployed to regional and global markets,” he underlined.
In this regard, Iranian oil ministry said the Islamic Republic will sign a deal with France’s Total on Tuesday for the development of gas production at a major offshore field in the Gulf, marking the return of Total to Iran.
The Heads of Agreement (HOA) for the development of Phase 11 of the important South Pars field is worth $6 billion (5.4 billion euros), a ministry spokesman said, adding that the accord must be finalised within six months.
The agreement involves a consortium led by Total, which includes the China National Petroleum Corporation (CNPC) and Iran’s Petropars.
It’s also the first such agreement between Iran and a Western petroleum company after a nuclear deal with world powers took effect in January, lifting some international sanctions.
The offshore South Pars field, shared by Iran and Qatar in the Gulf, contains some 14,000 billion cubic meters of gas — 8 percent of the world’s known reserves.
Source: AFP
