Faraz Saeed

With the Hormuz blockade tightening around Iran&#39;s exports, storage tanks are filling fast. According to Kepler data, Iran could run out of storage space in as little as 12 to 22 days. The obvious solution is to stop pumping. But in the oil industry, that is rarely the answer. Shutting down a well risks permanent pressure loss, collapsed flow pathways and costly restarts that can take months or years.&nbsp;

Shorts

With the Hormuz blockade tightening around Iran's exports, storage tanks are filling fast. According to Kepler data, Iran could run out of storage space in as little as 12 to 22 days. 


Articles tagged with "Hormuz"

Iran running out of oil storage space: Here's why it can't just turn off its wells

Iran running out of oil storage space: Here's why it can't just turn off its wells