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

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

US denies kidnapping Iranian nuclear scientist

AFP: The United States Tuesday denied kidnapping an Iranian...

Iran rejects claims of cleaning up nuclear works

AP: Iran is rejecting allegations that it attempted to...

You might also likeRELATED
Recommended to you