BAKU, Azerbaijan, November 28. The North Oil Terminal, located in the north of Iran, currently has the potential for daily loading of 200,000 barrels of crude oil and gas condensate, the executive director of the Iranian Oil Terminals Company, Abbas Asadrouz, said at a meeting with the directors of the North Oil Terminals Directorate, Trend reports.
According to him, five oil terminals - “Kharg", "North", "Asaluyeh", "Mahshahr" and "Jask" - operate in the country. Through the operation of these terminals, Iran's crude oil exports are carried out continuously.
Asadrouz stated that the Kharg oil terminal plays a fundamental role in crude oil exports as one of the strategic facilities of the country. This terminal is under modernization and will boost crude oil exports after completion of the work.
Meanwhile, the Iranian oil company has 40 storage tanks at Kharg Oil Terminal on Kharg Island with a total capacity of more than 20 million barrels. These storage tanks are filled with crude oil from oil zones in southern Iran via pipelines through the seabed. At the Kharg oil terminal, the crude oil is pumped to storage facilities, which are exported after being separated into different grades.
To note, a total of 74 oil fields and 22 gas fields are currently operating in Iran. There are 37 oil fields in the territory of the National Company of Iran's Southern Oil Zones, 14 in the territory of the Iranian Central Oil Zones Company, 5 in the territory of the Arvandan Oil and Gas Production Company, and 18 in the territory of the Offshore Oil Company. Additionally, the South Oil Zones National Company of Iran operates 5 gas fields, the Central Oil Zones Company operates 13, the Pars Oil and Gas Company operates 1, and the Offshore Oil Company operates 3.
Iran's total hydrocarbon reserves are 1.2 trillion barrels. Iran can produce 340 billion barrels of this gas with existing technological equipment. Iran can use about 30 percent, while 70 percent remains unused underground.