- Advertisement -spot_img
Wednesday, July 28, 2021

Iran exports crude oil through the Strait of Hormuz

Iran on Thursday (22/7) started exporting crude oil through the Gulf of Oman for the first time, and not through the strategic Strait of Hormuz.

In a ceremony marking the inauguration of the project, President Hassan Rouhani called the plan “the most strategic.”

Iranian state media described the move as an indication that US sanctions were being defeated.

Iranian President Hassan Rouhani (top-right) inaugurated the virtual Jask oil terminal in the capital Tehran, July 22, 2021. (AFP/Iranian Presidency)

Washington imposed several sanctions on Tehran after former President Donald Trump pulled the US out of the nuclear deal between Iran and world powers.

The project, which began in 2019, is estimated to cost around $2 billion, helping Iran reduce its dependence on its main oil export terminal on the Persian Gulf island of Kharg.

Iranian Oil Minister Bijan Namdar Zanganeh, delivers a speech during the inauguration of the Jask oil terminal in the capital Tehran, July 22, 2021. (AFP/Iranian Presidency)

Iranian Oil Minister Bijan Namdar Zanganeh, delivers a speech during the inauguration of the Jask oil terminal in the capital Tehran, July 22, 2021. (AFP/Iranian Presidency)

The shortcut also reduces transportation and insurance costs for oil tankers.

The facility currently allows the pumping of about 30,000 barrels of crude oil per hour to tankers, via floating offshore docks. The pier is located about seven kilometers (4.7 miles) offshore. [mg/jm]

.

Nation World News Deskhttps://nationworldnews.com
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here