Iran: Rouhani announces opening of an oil export terminal bypassing the Hormuz Strait

Iran: Rouhani announces opening of an oil export terminal bypassing the Hormuz Strait


President Hassan Rouhani announced on Thursday that Iran is exporting crude oil and has opened its first oil export terminal outside the strategic Strait of Hormuz, a bottleneck patrolled by warships of his archenemy, the US.

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President Hassan Rouhani announced on Thursday that Iran is exporting crude oil and has opened its first oil export terminal outside the strategic Strait of Hormuz, a bottleneck patrolled by warships of his archenemy, the US.

Iranian state media described the move as an indication that the sanctions imposed by the US have been rejected.

The new terminal is located near the port of Jask on the Gulf of Oman and enables ships sailing into the Arabian Sea and beyond to bypass the narrow strait. The abbreviation also reduces transportation and insurance costs for oil tankers.

The main Iranian oil export terminal is located in the port of Kharg on the Strait of Hormuz, a waterway less than 40 kilometers (25 miles) in diameter at its narrowest point.

Washington imposed sanctions on Tehran after former US President Donald Trump pulled his country out of a nuclear deal between Iran and the world powers.

The project, which began in 2019 and will cost around $ 2 billion in total, will help Iran reduce its reliance on its main oil export terminal on the Persian Gulf island of Kharg.

The system currently enables around 30,000 barrels of crude oil to be pumped per hour via a floating offshore jetty or single point mooring in tankers. It is about seven kilometers off the coast.

Iran has built a 1,000-kilometer pipeline to transport its crude oil from Goreh in Bushehr Province to the new terminal in the southeast.

(With contributions from agencies)

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