Baku, Azerbaijan, June 7
By Emil Ilgar - Trend:
Iran is preparing to produce blended oil based on the necessities of the foreign refineries for a specific type of oil, the Managing director of Iran Oil Terminals Company (IOTC) Seyyed Pirouz Mousavi told IRNA June 7.
He said that Iran prepares to start a joint project with an European company in the country's oil terminals to blend various type of crude oil and produce specific oil, based on the clients' demands.
He didn't mention the name of European company, but said the project would be operational in two years.
Any oil refinery is designed based on a specific type of oil and can't process other types. For changing the feedstock, the refinery should be re-designed and its equipments must be changed.
Mousavi said that, re-designing and changing the equipments of a refinery is a costly issue, then for diversification of clients, Iran should blend the crude oil types.
"Iran produces several types of crude oil: extra heavy, heavy, sour, sweet, light as well as the gas condensates, then, it can blend them to produce specific crude oils, needed for various refineries," he said.