Iran plans second crude export terminal

31 March 2014

Pipeline will connect oil fields with planned crude export terminal at Jask on Gulf of Oman, says government source

Iran is planning to build a new crude export terminal at Jask on the Gulf of Oman coast, giving the country a second hub for Gulf oil shipments, according to local media reports.

The terminal will require a new 1,200-kilometre pipeline to transport crude from Iran’s main producing fields to Jask, presidential aide Akbar Torkan told Iran’s Press TV.

The terminal would allow Iran to export crude bypassing the Strait of Hormuz, the shipping bottleneck for oil and gas exports from the Gulf.

Torkan said Iran’s Petroleum Ministry had also ordered a 1,690km gas pipeline to be built to connect Jash to the country’s gas fields. This is planned to be connected to a proposed undersea export pipeline to Oman.

On 12 March, Oman and Iran signed a contract for Tehran to export 10 billion cubic metres a year (cm/y) of gas to Oman through the proposed pipeline. The gas will come from Iran’s under-development South Pars offshore gas field.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.