EMEA News
Iran's Khalij Fars Targeting an Increase in Bunkering to Ships Passing the Strait of Hormuz
Iran's Khalij Fars Oil Port is targeting an increase in bunkering activity for ships transiting the Strait of Hormuz, local media reports.
As part of the plans, Khalij Fars Oil Port's storage capacity is reported to be set to see an increase from 300,000 tonnes to 1.8 million tonnes as the result of private sector investments, boosting the loading and unloading petroleum products at the port.
"Turning Khalij Fars port into an energy and fuel hub in the Persian Gulf marks a major policy pursued by Iran's PMO," said Mohammad Saeednejad, Managing Director of Iran's Ports and Maritime Organization (PMO).
"Ships with a capacity of 50,000 tonnes will replace the current 7,000 tonne ships in the southern Iranian port."
Under the development plans, 10 berths will be used in the exportation and transportation of oil products, including fuel oil, gasoline, base oil, and bitumen.
27 private companies are said to have invested in the port developments, which are worth more than $260 million.
"Given the private sector investment and bank support, storage tanks, transmission pipelines, fire extinguishing facilities as well as mooring docks are being constructed in the southern Iranian port," said Saeednejad.
In November, Ship & Bunker reported that Iran has boosted bunkering at its Persian Gulf terminal by 30 percent since last March, having supplied over 170 ships transiting the Strait of Hormuz with approximately 1.795 million tonnes of fuel,
