Iran plans oil export terminal outside Gulf

By REUTERS
May 21, 2012 16:46




DUBAI - Iran plans a new oil terminal outside the Strait of Hormuz to protect its exports against potential problems in the Gulf and to boost shipments of Caspian oil, the oil ministry news website said on Monday.

Tehran had threatened to block the vital Gulf oil shipping route during its long standoff with the West over its nuclear program.

The Shana website reported the head of the Iranian Oil Terminals Company (IOTC), Pirouz Mousavi, saying Iran plans to build a new export terminal at Bandar Jask, on the Gulf of Oman coast of Iran.

It would be connected to the Caspian Sea port of Neka using a 1 million barrel a day pipeline.

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