ID :
211806
Sat, 10/08/2011 - 13:33
Auther :
Shortlink :
https://oananews.org//node/211806
The shortlink copeid
Iran, S. Korea Sign Deal to Build Caspian-to-Oman Sea Pipeline
TEHRAN (FNA)- Iran and a South Korean company signed a contract to construct a cross country pipeline to transport oil from Northern to Southern Iran.
The 1680-kilometer pipeline would facilitate swaps between Iran and the Caspian Sea littoral states as it will transfer crude from Iran's port of Neka on the rims of the Caspian Sea to the port of Jask in Iran's Persian Gulf coasts in the South.
Iran announced its plan for constructing such a pipeline five years ago. The proposed 3.3-3.7 billion dollars pipeline is due to transit one million barrels of oil per day from Caspian Sea littoral states and the Caucasus region to the Persian Gulf.
Last week, managing director of the National Iranian Oil Company (NIOC) said Iran intends to boost the volume of its oil swaps to 200,000 barrels per day by the end of the current Iranian year (March 20, 2012).
Ahmad Qalebani emphasized that bartering oil is high on the agenda of NIOC, adding that the company is in talks with Central Asian countries to increase the volume of its oil swaps, which currently stands at 25,000 barrels per day.
The official noted that new contracts on oil bartering will be finalized soon.
Pointing to the country's potential in swapping oil products, Qalebani said that by using newly devised mechanisms, the demand for trading oil through barter deals will definitely climb in coming months.
Earlier in September, International Affairs Director of NIOC Mohsen Qamsari announced Tehran plans to gradually boost the volume of oil swaps with Caspian Sea littoral countries.
According to Qamsari, almost 500,000 barrels of crude oil have been delivered to Neka Port in northern Iran since the resumption of oil swap operations with the Caspian Sea littoral states in July.
Iran imports oil from the Central Asian countries for refining at Tehran and Tabriz oil refineries and then delivers the product to buyers in the Persian Gulf.
Iran is the second largest oil exporter within the Organization of Petroleum Exporting Countries (OPEC).
The 1680-kilometer pipeline would facilitate swaps between Iran and the Caspian Sea littoral states as it will transfer crude from Iran's port of Neka on the rims of the Caspian Sea to the port of Jask in Iran's Persian Gulf coasts in the South.
Iran announced its plan for constructing such a pipeline five years ago. The proposed 3.3-3.7 billion dollars pipeline is due to transit one million barrels of oil per day from Caspian Sea littoral states and the Caucasus region to the Persian Gulf.
Last week, managing director of the National Iranian Oil Company (NIOC) said Iran intends to boost the volume of its oil swaps to 200,000 barrels per day by the end of the current Iranian year (March 20, 2012).
Ahmad Qalebani emphasized that bartering oil is high on the agenda of NIOC, adding that the company is in talks with Central Asian countries to increase the volume of its oil swaps, which currently stands at 25,000 barrels per day.
The official noted that new contracts on oil bartering will be finalized soon.
Pointing to the country's potential in swapping oil products, Qalebani said that by using newly devised mechanisms, the demand for trading oil through barter deals will definitely climb in coming months.
Earlier in September, International Affairs Director of NIOC Mohsen Qamsari announced Tehran plans to gradually boost the volume of oil swaps with Caspian Sea littoral countries.
According to Qamsari, almost 500,000 barrels of crude oil have been delivered to Neka Port in northern Iran since the resumption of oil swap operations with the Caspian Sea littoral states in July.
Iran imports oil from the Central Asian countries for refining at Tehran and Tabriz oil refineries and then delivers the product to buyers in the Persian Gulf.
Iran is the second largest oil exporter within the Organization of Petroleum Exporting Countries (OPEC).
