Iran General NewsIran plans new oil terminal to bypass Hormuz

Iran plans new oil terminal to bypass Hormuz

-

AP: Akbar Torkan, a senior trade official, is quoted by the semiofficial ISNA news agency as saying that the new terminal will be at Bandar Jask port on the Oman Sea. Iran’s sole major crude export terminal is at Khark Island in the Persian Gulf.

The Associated Press

 

TEHRAN, Iran (AP) — A senior official says Iran is planning to build a new oil terminal beyond the strategic Strait of Hormuz.

Akbar Torkan, a senior trade official, is quoted by the semiofficial ISNA news agency as saying Tuesday that the new terminal will be at Bandar Jask port on the Oman Sea. Iran’s sole major crude export terminal is at Khark Island in the Persian Gulf.

Torkan didn’t elaborate, but bypassing Hormuz would be seen as protecting exports from instability in the Gulf.

Iranian officials in the past had threatened to close Hormuz at the mouth of the Gulf, the passageway through which a fifth of the world’s oil flows, if its interests are seriously threatened or it is unable to export oil.

They have not reiterated any threats since 2012.

Latest news

Iran’s Statistics Center reports 115% food inflation

A new report by the Statistical Center of Iran shows that food inflation in March and April this year...

The Rising Cost of Food in Iran; Hidden Pressure on Large Families

The state-run magazine Niniban published a report on April 29 regarding rising food prices. The report stated: “This is...

Four Decades of Bitter Narratives: May Day as a Day of Wrath, Not Celebration, for Iran’s Workers

Does International Workers’ Day represent a celebration of dignity and status for Iran’s labor force? Do they gather in...

Iran Intensifies Pressure on Families of PMOI Prisoners Amid Expanding Crackdown

Iranian authorities have intensified pressure on the families of political prisoners and executed dissidents in recent weeks, with multiple...

Iran: A Dangerous Country for Journalists

According to Reporters Without Borders (RSF), the state of press freedom worldwide has fallen to its lowest level in...

Iran’s Car Market Experiences Sharp Surge in Prices Afte War-Induced Stagnation

Media outlets in Iran report that the prices of many domestically produced cars have increased by 3 billion to...

Must read

Iran cutting energy subsidies to boost revenue-IMF

Reuters: Iran, dependent on imported gasoline but squeezed by...

Hong Kong holds ship linked to Iran firm: report

AFP: Hong Kong has detained a cargo ship linked...

You might also likeRELATED
Recommended to you