The Iran Oil Terminals Company (IOTC) is preparing infrastructure to export oil produced from fields in the West Karoun area in western Iran, the IOTC chief said.
“The company has received a plan to export West Karoun crude oil and this operation is set to start after preparing such infrastructure as Genaveh-Kharg pipeline and an export terminal,” Pirouz Mousavi said.
This pipeline has currently capacity to export 1.2 to 1.5 mb/d of oil, adding it can currently handle 700,000 b/d.
Mousavi said that Iran’s Research Institute of Petroleum Industry (RIPI) was studying a project to delivered blended oil of various API gravity.
He said that Iran owes 70% of its revenue to IOTC terminals.