Pipeline Extension to Oil Producing Countries Economical

Managing Director of Iranian Oil Pipelines and Telecommunication Company (IOPTC) Abbassali Jaafarinasab has told Shana that taking quality and quantity of crude oil obtained north of the country the same as before, it will be possible to transfer 120,000 barrels per day oil from Neka to Sari and from Sari to Tehran to meet feedstock of refineries of Tehran and Tabriz.

Jaafarinasab said oil pipelines north of the country are well prepared to resume crude transfer operations and it can flow crude oil to the destination when deemed so.

He said through the pipeline, crude oil is flown to Tehran and Tabriz refineries but if necessary, the feedstock for Arak refinery will be supplied with a little a bit change.

The official said for the time being, the pipeline has the capacity to transfer up to 370,000 bpd oil and it will be possible to increase the crude transfer capacity up to 500,000 barrels per day.

Elsewhere in his remarks, Jaafarinasab said talks have been held with Russia and Kazakhstan for oil swap. “For the time being, there is the capacity for transfer of 370,000 barrels per day oil; of course, since the transfer begins from the sea and the oil tankers, frequenting in the Caspian have the capacity to transfer 5,000 to 7,000 tons, transfer of crude oil, offloading and onloading with small tankers will take time and it seems transfer of up to 200,000 barrels more per day oil will not hence be possible.

If necessary, the pipeline should be extended up to the production sources and oil fields or oil should be transferred through bigger oil tankers, said Jaafarinasab.

The official said offshore facilities and jetties should also promoted both on part of Iran and the exporting countries. “Such things are time consuming but there is no problem with starting the job with daily 120,000 barrels capacity.”