Iran To Ship First Oil Consignment From New Jask Terminal In Next Four Weeks

Iran is set to export its first oil consignment from the new Jask terminal in the next four weeks, S&P Global reported.

• Oil minister Bijan Zanganeh said the shipment will be delivered in the Iranian month of Khordad which starts May 22 and ends June 21.
• The shipment will come from the Jask terminal on the Oman Sea Coast, after the completion of the Goureh-Jask oil pipeline that bypasses the Hormuz Strait.
• The $1.1-billion pipeline connected the Goureh pump station which receives heavy oil from oil-rich regions to Kharg Island.
• The pipeline has a capacity to carry 1 million barrels per day of crude from the West Karun oil field to the Oman Sea.
• The Strait of Hormus was the hotspot of tensions between Iran and the United States. Several tankers in the area were hit by mines or other attacks.