Wednesday, August 4, 2021

Iran opens oil export terminal beyond Strait of Hormuz 

Iran has just launched a new export terminal in Jask, Hormuzgan Province, south of Iran, which can receive up to 1 mbd of crude oil from a massive pipeline from Goreh, Bushehr Province.

The terminal is built to allow Iran export its crude oil beyond Strait of Hormuz. The project has been officially inaugurated by a direct order from Iranian President Hassan Rouhani via videoconference on Thursday, July 22, 2021.

Implementation of Goreh-Jask crude oil transfer project took place with about $2 billion investment with the aim of creating a daily export capacity of 1 million barrels of crude oil through the new Jask terminal, ensuring continued oil exports, decentralization of export terminals and diversification of oil export  centers, sustainable development and job creation on the shores of Makran, where a capacity of 300,000 barrels of oil (per day) has been provided so far, and this capacity will gradually increase to one million barrels in the near future.

The share of more than 90% of domestic manufacturing and maximum use of the power of Iranian contractors and builders is one of the most important features of this national plan; 250 contractors and domestic manufacturers have participated in the project’s implementation and by relying on domestic capabilities, the equipment and goods required for the project were manufactured domestically for the first time in the country. The items include slabs, sheets and pipes suitable for sour fluid, raw materials for FBE pipe coating, giant 2.7 MW BB3 pumps, 42-inch class-900 motor valves and all-Iranian control systems.

Another notable feature that stands out in this national plan is the construction and commissioning of about 1,000 kilometers of crude oil transmission pipeline in less than 2 years, with full reliance on domestic capabilities.

To reach its current stage, this project has created 5,000 direct and 15,000 indirect jobs. Once fully operational, the project will pave the ground for construction of refining and petrochemical facilities in the Makran region, heralding a prosperous and thriving future for the region.

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