Iran Boosts Crude Oil Storage Capacity by 2 Million Barrels: Key Move for Energy Sector
The recent completion of significant repairs and upgrades to Tanks 25 and 26 at the Kharg oil terminal marks a pivotal moment for the Iranian oil industry. This revitalization, announced by Hamid Bovard, CEO of the National Iranian Oil Company (NIOC), underscores Iran’s commitment to enhancing its oil storage capabilities and boosting export potential.
Each tank boasts a capacity of 1 million barrels and has undergone extensive reconstruction, allowing both to be returned to operational status. The upgrades not only improve storage efficiency but also bolster safety and environmental standards at the terminal.
Key Upgrades to Tank 26
Tank 26 has received a thorough overhaul, which includes:
- Replacement of the roof and floor
- Installation of new roof drain systems
- Upgrading earthing systems
- Construction of new containment basins
- Installation of advanced safety systems, including cooling and foam suppression
- Adding geomembrane and geotextile layers
- Complete repainting of both the exterior and interior
Restoration Efforts for Tank 25
Similarly, Tank 25 has been restored through a series of meticulous steps:
- Removal of sediment
- Replacement of floor plates
- Repairs to the roof
- Installation of a cathodic protection system
- Redesign of roof drains
- Repainting of the tank
- Construction of containment basins and safety systems
These upgrades not only enhance the operational capacity of the Kharg oil terminal but also significantly improve safety measures, ensuring compliance with environmental regulations.
Impact on Iran’s Oil Export Capabilities
During his remarks, Hamid Bovard emphasized that the additional 2 million barrels of storage capacity will greatly enhance Iran’s export flexibility. This improvement facilitates upstream production and reduces ancillary costs associated with tank leasing, ultimately adding substantial value to the oil industry. The project represents a strategic investment in Iran’s oil infrastructure, which is vital for sustaining and expanding its market presence.
Support for Shipping Operations
In addition to tank upgrades, Bovard also highlighted the refurbishment of five decommissioned vessels. These vessels are crucial for supporting ship loading and docking operations at the Kharg terminal, further streamlining export processes.
Bovard expressed gratitude to all individuals and teams involved in the project, noting the significance of their efforts in enhancing Iran’s oil infrastructure. He pointed out that the entire project was executed by domestic contractors and workforce, showcasing Iran’s robust technical and engineering capabilities.
Conclusion
The successful completion of the repairs and upgrades to Tanks 25 and 26 at the Kharg oil terminal not only demonstrates the technical prowess of Iranian contractors but also reinforces Iran’s ongoing commitment to improving its oil export infrastructure. This project is a significant step forward for the Iranian oil industry, paving the way for enhanced production and export capabilities.
As the NIOC continues to focus on advancing its infrastructure, the oil sector can expect to see substantial benefits that will contribute to the overall health of the economy.
For more information on Iran’s oil industry advancements, stay tuned to updates from reliable sources.
