Tag Archives | Kharg island

NIOC, Gazprom sign LNG deal

Russian gas giant Gazprom has signed a initial agreement with the National Iranian Oil Company (NIOC) for cooperation in the production of liquefied natural gas (LNG). As the official website of Gazprom announced, this would be part of a larger plan for cooperation that concentrates on the development of Iran’s gas fields “with subsequent transportation […]

Iran Triples Loading Capacity at Key Oil Terminal

Iran has increased the capacity of its largest oil terminal to as high as eight million barrels per day (bpd) – another indication that the country is preparing for bigger exports to global markets. That means the average loading capacity for crude and condensate exports at Kharq [Kharg] terminal has now tripled, Seyyed Pirouz Mousavi, […]

Iran to Export New Crude Oil Grade

By John Lee. Iran is to open a pipeline and terminal to export a new grade of crude by the end of this year, according to a Reuters report. A senior official from the National Iranian Oil Company (NIOC) said on Monday that the terminal near Kharg Island (pictured) would be ready to export the […]

Kharg Oil Terminal to Be Completed by Year-End

A senior Iranian oil official said the country plans to complete a major oil export terminal in the Persian Gulf by year-end. The terminal near Kharg Island in the Persian Gulf would be ready to export the new grade of crude, known as West Karoon, after the facilities were completed “sometime by the end of […]

240 Foreign Oil Tankers Berth at Kharg Island

240 Foreign Oil Tankers Berth at Iran’s Kharg Island since JCPOA Enforcement The general manager of Bushehr Province Department of Ports and Maritime Organization said some 240 foreign oil supertankers have so far docked at Iran’s southern Kharg oil terminal since the implementation of a lasting nuclear deal between Tehran and world powers. “For the […]

Kharg Terminal Steps up Loading Capacity

Managing director of Iranian Oil Terminals Company (IOTC) says Kharg Oil Terminal has increased its export capacity and can now load 8 oil tankers at the same time. Saeid Pirouz Mousavi said the raise comes after infrastructural upgrades in the terminal carried out by domestic developers and took over two years. He said the terminal […]

Shell Resumes Buying Iranian Crude

Royal Dutch Shell will import 130,000 tons Iranian crude oil in July, becoming the second major oil firm after Total to restart trade with Tehran after a lasting nuclear deal between Iran and world powers, a report said. According to shipping data, Shell fixed Suezmax tanker Delta Hellas to bring 130,000 tons of Iranian crude […]

Norwegian Firm close to £600m Petchem Deal

By John Lee. A Norwegian oil and gas company is reported to be close to finalising a $600-million petrochemical contract in Iran. According to The Financial Times, the contract will be a 50/50 joint venture between Hemla Vantage and the Kharg Petrochemical Company, a quasi-privately-owned company, to produce and export liquefied national gas and liquefied […]

Iran signs Development of Esfandiar Oilfield

The Iranian Offshore Oil Company (IOOC) and a Norwegian-Austrian company have signed a preliminary agreement for the development of the offshore Efandiar field, IOOC Managing Director Saeed Hafezi [Saeid Ha’fezi] (pictured) says. “The initial confidentiality agreement has been signed, the MDP (master development plan) prepared and sufficient data exchanged. We are only waiting for the […]