Iran To Start Exporting Oil Via Goreh-Jask Pipeline Starting March 2021 - Reports
Mohammad Ali (@ChaudhryMAli88) Published August 14, 2019 | 08:00 PM
MOSCOW (UrduPoint News / Sputnik - 14th August, 2019) Iran will begin exporting oil south along its Persian Gulf coast toward the Strait of Hormuz as soon as it completes the Goreh-Jask crude oil pipeline in March 2021, local media reported on Wednesday, citing Petroleum Engineering and Development Company CEO Touraj Dehghani.
The Goreh-Jask pipeline will run along a land route of about 1,000 kilometers (621 miles) and be able to transport about one million barrels of oil per day. According to Dehghani, once the pipeline is completed, Iran will be able to switch from moving oil by water to exporting by land,�the Mehr news agency said.
Dehghani added that Iran intended to set up several tanks in the Jask region with a total capacity of 20 million barrels to back oil exports from the regional oil terminal.
The situation in the Strait of Hormuz has recently escalated as several oil tankers have been attacked there since May. The United States and its allies have blamed Iran for the incidents, while Tehran has denied its involvement. The tensions have prompted Washington to begin building up its military presence in the region.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
More Stories From Business
-
Exchange rates for currency notes
2 hours ago -
Foreign exchange rates
2 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
3 hours ago -
Today Gold Rate in Pakistan 26 April 2024
3 hours ago -
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
12 hours ago -
Pak-US officials engage to enhance trade, investment ties
13 hours ago
-
Stocks fall as tech shares sink, US economy slows
14 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
15 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
15 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
15 hours ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
15 hours ago -
Zhao Shirin calls on Punjab Industries Minister
15 hours ago