Thursday, 9th February, 2023
Thursday, 9th February, 2023

Iran preps new oil export terminal across Strait of Hormuz

Iran has said it will soon export oil from a new port that will allow it to cross the Strait of Hormuz, as there are signs of progress in nuclear talks between Tehran and other world powers.

The state-controlled National Iranian Oil Co. will begin shipping crude goods from the Jask terminal off the coast of the Gulf of Oman next month, according to a statement. NIOC is already pumping oil in a 1,000-kilometer (620-mile) pipeline that connects Jask to the southwestern power plant in Gorah, managing director Masoud Karbasian said.

Karbasian said the pipeline would be officially opened by President Hassan Rouhani in the near future, without giving a deadline or initially specifying how much oil would be exported.

Iran is subject to strict US sanctions that effectively ban the sale of oil. Yet it has increased exports this year, often disguised as a source of shipments. China’s refiners are the main buyers. After the ship was transferred from the ship some of the flow left as Malaysian and Omani crude.

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