The port of Kalantari in the city of Chabahar, 300km (186 miles) east of the Strait of Hormuz January 17, 2012. (REUTERS)

May 21, 2021

Iran said it will soon export oil from a new port that allows it to bypass the Strait of Hormuz, as nuclear talks between Tehran and other world powers show signs of progress, Bloomberg reported.

State-controlled National Iranian Oil Co. (NIOC) will start shipping crude from the Jask terminal on the Gulf of Oman coast next month, according to a statement.

NIOC is already pumping oil into a 1,000-kilometer (620-mile) pipeline connecting Jask with the southwestern energy hub of Goreh, Managing Director Masoud Karbasian said.

The pipeline will be officially opened by President Hassan Rouhani in the near future, Karbasian said, without giving a timeframe or stating how much oil will initially be exported.

Iran is under strict US sanctions that effectively bar it from selling oil. Most of its energy exports currently have to be sent through the Strait of Hormuz, a narrow channel and a shipping flashpoint in recent years.

World powers are trying to broker an agreement between Iran and the US to revive a 2015 nuclear accord, which restricted Tehran’s atomic activities in return for sanctions relief.

Abbas Araghchi, Iran’s deputy foreign minister and chief negotiator in Vienna, where talks are being held, said on Wednesday there had been “good progress.”

Arab News

About Track Persia

Track PersiaTrack Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.