As sanctions ease, Iran announces 8.1 million barrels will be added to storage capacity.

IRan Image 2The news that sanctions are set to be eased on Iran following talks in Geneva is likely to have a significant effect on the tank storage industry in the region. Iran holds the world’s fourth-largest oil reserves, but its exports and oil industry have been hurt by the tough UN sanctions against it in response to its development of uranium. Though Iran will not be allowed to increase its oil sales for six months, the deal has eased tensions and Iran’s Press TV reported on Sunday that they will build storage facilities for millions of barrels of additional oil storage  in the Gulf over the next few months.

“By the middle of the next (Persian calendar) year (beginning March 20, 2013), nearly 8.1 million barrels will be added to the crude oil storage capacity of Iran,” Press TV reported the managing director of the Iranian Offshore Oil Company (IOOC), Mahmoud Zirakchian-Zadeh, as saying.

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Video: Tank storage experts discuss challenges, opportunities and the future of the industry.

Tank World spoke to a number of oil tank storage experts at the recent Tank World Expo in Dubai about their work include Koshy Panicker from the Port of Fujairah, Riyad Sulaiman from Saudi Aramco, Peter Ford, CEO of Port of Salalah and Jens Winkelmann – Endress + Hauser, Rajagopal Kittu from Emerson Process Management, Peter Patterson, Managing Director at Tank Storage Magazine and Emad Javaid – Sales Manager of Silverwing ME. See these exclusive videos below for their expert insights…

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Feature: Developing technology helps open up new oil resources, but huge rises in consumption ahead.

Oil Outlook“Those that anticipate global energy developments successfully can derive an advantage, while those that do not risk taking poor policy and investment decisions.”

Technology and high prices are opening up new oil resources, but this does not mean the world is on the verge of an era of oil abundance, according to the International Energy Agency’s (IEA) 2013 edition of the World Energy Outlook (WEO-2013). Although rising oil output from North America and Brazil reduces the role of OPEC countries in quenching the world’s thirst for oil over the next decade, the Middle East – the only large source of low-cost oil – takes back its role as a key source of oil supply growth from the mid-2020s.

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‘Das Crude’ selected as new oil blend for ADNOC: secures space for additional tank storage.

Abu Dhabi National Oil adnoc_1Company (ADNOC), has selected ‘Das Crude’ as the name for its new oil blend coming from the Abu Dhabi Marine Operating Company (ADMA-OPCO) managed Umm Shaif and Lower Zakum oilfields. Speaking at last week’s ADIPEC conference in Abu Dhabi, Abdulla Nasser Al-Suwaidi, director general of ADNOC announced: “Das Crude started as an innovative idea to secure the space required for accommodating the increase in the company’s production and save two storage tanks on a busy island.”

Das Crude Oil is a light crude, with very low sulfur and metal content which overall makes it clean and safe for most refining operations. It will replace the existing Umm Shaif and Lower Zakum crudes by July 2014. By mixing the two crudes in Das Crude and consequently storing it in unified tanks, secures the space required for accommodating the additional production and ensures more efficient and flexible shipment programming. To ensure loading efficiency, the new mixture will result in saving a considerable fraction of the loading time needed for the simultaneous pumping compared to pumping two different grades into oil tanks.

Das Crude will be stored in 13 crude oil tanks. The total storage capacity is approximately 7,700,000  barrels. The crude will be exported via two existing SBM’s (currently used to export Umm Shaif and Lower Zakum crudes and condensates). The monthly available Das Crude for export will be above 20,000,000 barrels. Two tankers can be loaded simultaneously at an enhanced pumping rate of around 60,000 barrels per hour.

NEWS: Emarat Renews Emoil’s Jebel Ali Terminal Contract with Enoc.

Emirates GenEmoil Imageeral Petroleum Corporation (Emarat) has renewed the lease contract of Emoil’s Petroleum Storage FZCO in Jebel Ali in Dubai to Emirates National Petroleum Company Limited “Enoc”, for the year 2014. The facility which opened in 2006 includes nine storage tanks of varying capacities for blending and storing high quality gasoline products. The facility has access to three oil berths in Jebel Ali Harbour and pipelines linking it with the existing Emarat Terminal.

Emoil was established as a joint venture between Emarat, BP Global Investments Ltd. and Trafigura Beheer BV at a total investment of US$32 Million. Emarat owns the largest share in the Emoil and handles its management and operations.

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Expert Guide: 6 ways to clean your tank

Today our guest contributor Tatsuya Nakagawa of Castagra Products examines some of the many different types of storage tanks and several ways to clean and inspect them. We look at the different steps in various methods available for storage tank inspection and maintenance:

1) Drain the Tank

Tank cleaning 1
In many cases, draining a storage tank is seen as a primary way to empty the tank for cleaning and inspection. By opening either the outlet or washout valve and draining out remaining liquid, the tank may then need to be tipped to drain the remaining water depending on the design of the tank – some can be tipped while others should be dismantled.

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