Iran is set to start loading crude oil at the Jask oil terminal on the Gulf Oman from 19 July, according to Bloomberg. This will be Iran’s first export terminal outside the strategic Strait of Hormuz leading to the Persian Gulf.
100,000 tonnes of heavy crude oil could be loaded, once crude oil is reached at the terminal within the next two days, Vahid Maleki, director of the Jask Oil Terminal, told the state-run IRNA news agency. Iran’s outgoing President Hassan Rouhani has vowed to make the second main oil terminal operational before his administration ends on 3 August.
Iran started pumping oil into a pipeline to gear up for the Jask terminal, oil ministry-run news service Shana reported on May 19. In the first phase, the loading capacity will be 350,000 b/d.
A 1,000 km conduit is capable of transferring 1 million b/d of oil from the oil-rich southwest Khuzestan province to the Jask terminal.
Jask is an alternative to the Kharg exports terminal that is located inside the Strait of Hormuz. The new facility can export heavy crude, light crude and gas condensates. It has been equipped with three metering facilities and six 36-inch pipelines that connect to three SPMs.
Storage capacity in the Sea of Oman terminal is 10 million barrels, half of Kharg.
Iran considers the terminal important to diversify its export sources, to supply feedstock for domestic petrochemical products to be exported.