BAKU, Azerbaijan, December 13. Iran’s Oil Terminals Company (IOTC) is working to finish the maintenance of two oil storage tanks with a total capacity of 2 million barrels at the Kharg Oil Terminal in Bushehr Province, the CEO of the company, Abbas Gharibi said, Trend reports.
Gharibi mentioned that the repair work of tank No. 25, which can hold 1 million barrels, is 50 percent done, while tank No. 26, which has the same capacity, is almost 73 percent done.
He also stressed the importance of the Kharg Oil Terminal for Iran’s crude oil export and the docking of large oil tankers. He said that the company is taking the necessary measures to ensure the safety of the vessels.
On Kharg Island, the Iranian Oil Terminals Company operates 40 storage tanks that can store over 20 million barrels of crude oil. The oil comes from the southern oil fields of Iran via submarine pipelines. The oil is then sorted into different grades and exported from the Kharg Oil Terminal.
There are currently 74 oil and 22 gas fields in Iran. So, 37 oil fields are operating in the territory of the National Iranian South Oil Company (NISOC), 14 fields – Iranian Central Oil Fields Company (ICOFC), 5 fields – Arvandan Oil and Gas Company (AOGC), and 18 oil fields – Iranian Offshore Oil Company (IOOC).
In addition, 5 gas fields are operating in the territory of the NISOC, 13 fields – the ICOFC, 1 field – Pars Oil and Gas Company (POGC), and 3 gas fields – the IOOC.
Iran’s total hydrocarbon reserves are estimated at 1.2 trillion barrels. With available technology and equipment, Iran can extract 340 billion barrels. Thus, 30 percent of the country's hydrocarbon reserves are recoverable, while 70 percent remain underground.
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