+ A
A -
QNA & Agencies
Tehran
Iran officially inaugurated its new exports terminal by loading 300,000 barrels on an oil tanker off the Sea of Oman, enabling the country to bypass the Strait of Hormuz for oil exports.
“For the first time in the over 110 year history of Iran’s oil, crude oil export operations start from Mokran shores in the Sea of Oman,” the Iranian Oil Minister Bijan Zanganeh said.
“The 1,000 km, 42-inch pipeline can carry heavy and medium crude oil from Goureh in the Bushehr province to Jask in the Hormozgan province,” Zanganeh added.
Zanganeh said the current capacity of the Goureh-Jask pipeline was 300,000 b/d and will be completed to reach 1 million b/d phase by phase.
Iranian President Hassan Rouhani congratulated the “historic day, when Iran could rid of dependence on the single oil terminal which was Kharg.”
“Today, whenever Iran sees it necessary, it will carry out oil exports from the Sea of Oman,” Rouhani said.
Rouhani said Iran aimed to export one million barrels per day (bpd) of oil from the new facility. At the moment, the project allows 350,000 barrels to be exported per day.
Iran produced 2.47 bpd in June, according to latest available figures from the Organization of Petroleum Exporting Countries.
Iran has also built a 1,000km (600 miles) pipeline to carry its crude to the new terminal in the southeast from Goreh in Bushehr province.
Rouhani estimated at $2 billion the value of the new project which, according to Iranian media, has been underway for about two years.
The new terminal is located near Jask port on the Gulf of Oman, just south of the Strait of Hormuz, allowing ships headed into the Arabian Sea and beyond to avoid the narrow route. Iran’s main oil export terminal is located at the port of Kharg inside the Strait of Hormuz, a waterway less than 40 kilometres (25 miles) across at its narrowest point.
Tehran
Iran officially inaugurated its new exports terminal by loading 300,000 barrels on an oil tanker off the Sea of Oman, enabling the country to bypass the Strait of Hormuz for oil exports.
“For the first time in the over 110 year history of Iran’s oil, crude oil export operations start from Mokran shores in the Sea of Oman,” the Iranian Oil Minister Bijan Zanganeh said.
“The 1,000 km, 42-inch pipeline can carry heavy and medium crude oil from Goureh in the Bushehr province to Jask in the Hormozgan province,” Zanganeh added.
Zanganeh said the current capacity of the Goureh-Jask pipeline was 300,000 b/d and will be completed to reach 1 million b/d phase by phase.
Iranian President Hassan Rouhani congratulated the “historic day, when Iran could rid of dependence on the single oil terminal which was Kharg.”
“Today, whenever Iran sees it necessary, it will carry out oil exports from the Sea of Oman,” Rouhani said.
Rouhani said Iran aimed to export one million barrels per day (bpd) of oil from the new facility. At the moment, the project allows 350,000 barrels to be exported per day.
Iran produced 2.47 bpd in June, according to latest available figures from the Organization of Petroleum Exporting Countries.
Iran has also built a 1,000km (600 miles) pipeline to carry its crude to the new terminal in the southeast from Goreh in Bushehr province.
Rouhani estimated at $2 billion the value of the new project which, according to Iranian media, has been underway for about two years.
The new terminal is located near Jask port on the Gulf of Oman, just south of the Strait of Hormuz, allowing ships headed into the Arabian Sea and beyond to avoid the narrow route. Iran’s main oil export terminal is located at the port of Kharg inside the Strait of Hormuz, a waterway less than 40 kilometres (25 miles) across at its narrowest point.
