New pipeline transfers oil to Iran’s southeast coast, bypassing the Strait of Hormuz
Iranian Petroleum Ministry officials said on Monday that the crude had finally reached the port of Jask on the Arabian Sea after traveling about 1,000 kilometers from Iranian oil pumping facilities in the westernmost region of the Persian Gulf. , Goureh, via a newly constructed oil pipeline that stretches around the strait.
Authorities at the Petroleum Engineering and Development Company (PEDEC), a subsidiary of the NationalIranian Oil Company, said on Monday that the crude had started being loaded into an oil tanker stationed six kilometers from Jask before the inauguration.
PEDEC CEO Touraj Dehghani said that a first phase of the Goureh-Jask pipeline project will allow Iran to export 300,000 barrels per day (bpd) of crude from the new export facilities of the region, Press TV reported.
The pipeline begins at the Goureh oil terminal in the southwestern province of Bushehr (on the Persian Gulf coast) and goes to the Jask port terminal in southeastern Iran (on the sea coast Oman).
Iran began work on the Jask oil terminal and 1,000-kilometer pipeline system at the end of June 2020.
The $ 2 billion project enables the country to deliver oil for exports outside the Strait of Hormuz, a narrow waterway through which nearly a third of the world’s oil trade by sea is hosted.