News ID : 224424
Publish Date : 5/17/2025 7:19:19 PM
Iran's crude oil storage capacity increases by 2m barrels

Iran's crude oil storage capacity increases by 2m barrels

Iran’s crude oil storage capacity has increased by 2 million barrels following the commissioning of two refurbished tanks at the Kharg oil terminal in the operational zone.

The completion of major repairs and upgrades to Tanks 25 and 26 at the Kharg oil terminal was announced Saturday during a visit by Hamid Bovard, CEO of the National Iranian Oil Company (NIOC). Each tank has a capacity of 1 million barrels and has been returned to service after full reconstruction.

Tank 26 underwent a comprehensive overhaul, including the replacement of its roof and floor, roof drain systems, earthing systems, and containment basins. Safety systems such as cooling, foam suppression, geomembrane and geotextile layers were installed, along with a full repainting of the tank’s exterior and interior. Tank 25 was also restored after sediment removal, floor plate replacement, roof repairs, cathodic protection system installation, redesign of roof drains, repainting, and the construction of containment basins and safety systems.

Hamid Bovard, deputy oil minister, said the additional 2 million barrels of storage capacity will enhance Iran’s export flexibility, facilitate upstream production, and reduce ancillary costs such as tank leasing. He described the project as adding significant value to the oil industry.

Bovard also highlighted the refurbishment of five decommissioned vessels, which will support ship loading and docking operations at the Kharg terminal, and thanked all those involved in the project.

The NIOC CEO noted that the project was completed entirely by domestic contractors and workforce, demonstrating Iran’s high technical and engineering capabilities in oil infrastructure.


MNA
Comments

first name & last name

email

comment