Iran opens oil terminal to bypass strategic Strait of Hormuz | Oil and Gas News

New terminal near Jask port on the Gulf of Oman, allowing ships to head to the Arabian Sea to avoid narrow straits.

The outgoing president, Hassan Rouhani, said Iran had opened its first oil terminal in the Gulf of Oman, a move that would make it possible to avoid using the Strait of Hormuz shipping, which has been a focal point of regional tensions for decades. .

“This is a strategic step and an important step for Iran. This will ensure the continuation of our oil exports, “Rouhani said in a television speech on Thursday.

The new terminal is located near the Jask port on the Gulf of Oman, just south of the Strait of Hormuz, so that ships to the Arabian Sea and beyond can avoid the narrow route. Iran’s main oil export terminal is located in the port of Kharg in the Strait of Hormuz, a waterway of less than 40 kilometers at its narrowest point.

“We had a terminal and if there was a problem, our oil exports would be cut off,” Rouhani acknowledged, adding that “today is a great historic day for the Iranian nation”.

‘Today, the first consignment of 100 tons of oil is loaded off the Strait of Hormuz. “It shows the failure of US sanctions,” he said.

Rouhani said Iran intends to export one million barrels of oil per day (bpd) of oil from the new plant. He also built a 1,000 km (600 miles) pipeline to transport his crude oil to the new terminal in southeast Goreh in Bushehr province.

Iran has often threatened to block the Strait if its crude exports are blocked by US sanctions, which were reinstated by Washington three years ago when then-President Donald Trump unilaterally withdrew from a major nuclear deal signed in 2015 between Iran and world powers is.

Iranian officials and US President Joe Biden’s government have held indirect talks in Vienna since early April to revive the agreement, including Iran agreeing to curtail its nuclear program in exchange for lifting most international sanctions.

The Strait of Hormuz is a narrow channel at the mouth of the Gulf through which about a fifth of the world’s oil goes from producers in the Middle East to markets in Asia, Europe, North America and beyond.

There were periodic confrontations between Iran’s elite Islamic revolutionary guard corps and the US military in the area.

Arch-enemies Iran and Israel have also traded accusations of hits on each other’s vessels in the vicinity of sensitive waterways.

In February and April, Israeli vessels were attacked in the Gulf of Oman, while Israel blamed Iran for the explosions.

Iran’s largest naval ship also sank in early June after catching fire in the Gulf of Oman. Officials have not yet said whether the downfall of the Kharg was a sabotage or an accident.

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