TEHRAN – The capacity of Neka–Rey oil pipeline has reached 250,000 barrels per day, said the managing director of the Iranian Oil Pipelines and Telecommunication Co. (IOPTC) here on Saturday.

Seyyed Mahmud Emamzadeh also said that upon completion of 32-inch Neka-Rey pipeline and joining the circuit of Neka, Sari, Gol-Pol and Urim pumping houses with additional pumps, the oil conveyance capacity of this pipeline will reach 370,000 barrels per day. He further noted that presently some 230,000 barrels of Central Asian crude oil are being transferred to Tehran Oil Refinery through the Neka-Rey pipeline. “There is no limitation for the transference of crude oil through Neka-Rey pipeline.”

In order to refine 500,000 barrels of crude oil imported from the Central Asian countries, different plans were put on desk for study, such as boosting capacity of Tehran and Tabriz refineries, developing Arak Refinery and refining the surplus crude oil of Tabriz and Tehran refineries.

Elsewhere in his remarks, Emamzadeh said that since the inauguration of Neka-Rey pipeline in 1382 (2003 – 2004) some 100 million barrels of crude oil have been transferred to Iran, and the same amount has been swapped at Khark Island, southern Iran.

The exchange cost of each barrel of crude oil is about $2. By daily conveyance of some 250,000 barrels of crude oil through this pipeline, the annual income of this pipeline will be around $180 million.