July 25, 2021

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

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The opening of the oil terminal in the Gulf of Oman shows the failure of US sanctions, Iranian President Hassan Rouhani said.

Outgoing President Hassan Rouhani said Iran has opened its first oil terminal in the Gulf of Oman, a move that will allow it to avoid using the Strait of Hormuz sea route which is at the center of regional tensions. for decades.

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

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

“Today, the first shipment of 100 tonnes of oil is loaded outside the Strait of Hormuz. It shows the failure of US sanctions, ”he said.

Rouhani said Iran plans to export one million barrels per day (bpd) of oil from Bandar-e-Jask, a port on Iran’s coast in the Gulf of Oman, just south of the Strait of ‘Hormuz which allows ships heading for the Arabian Sea and beyond to avoid the strait.

Iran has also built a 1,000 km (600 mile) pipeline to transport its crude to the new terminal southeast of Goreh in Bushehr province.

Iran has often threatened to block the strait if its crude exports were halted by US sanctions, reimposed by Washington three years ago when then-President Donald Trump unilaterally withdrew from a deal. historic nuclear signed between Iran and the world powers in 2015.

Iranian officials and the administration of US President Joe Biden have been in indirect talks in Vienna since early April to revive the deal, under which Iran agreed to curb its nuclear program in exchange for the lifting of most sanctions international.

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

There have been periodic clashes between Iran’s elite Islamic Revolutionary Guard Corps and the US military in the region.

The arch enemies of Iran and Israel have also exchanged accusations of beating their respective ships in the sensitive waterways region.

Israeli-owned ships were attacked in the Gulf of Oman in February and April, with Israel blaming Iran for explosions.

Iran’s largest navy ship also has sunk in early June after catching fire in the Gulf of Oman. Authorities have yet to say whether the sinking of the Kharg was an act of sabotage or an accident.





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