TEHRAN: The Middle East country Iran has opened its first oil export terminal that does not require tankers to pass through the Strait of Hormuz, a chokepoint patrolled by warships of its arch-foe the US, President Hassan Rouhani announced. The President has inaugurated the major onshore pipeline that allows the country to bypass the Hormuz Strait for crude oil exports.
The inauguration of the Goureh-Jask pipeline "gives a strong and firm response to all plotters particularly to the US," Rouhani said during the virtual opening ceremony on Thursday, alluding to the American sanctions, which are aimed at hindering Tehran's oil exports. The pipeline, with some 1,000 km in length, will transfer the pumped oil from facilities in Goureh to the Omani sea port of Jask. The USD 2- billion project, the construction of which comcmenced two years ago, detours the strategic Hormuz Strait which has long been used as a vital passageway for oil exports of the region.
The oil pipeline is able to initially export 300,000 barrels per day (bpd) of crude and will reach the capacity of one million bpd once fully ready in October, according to authorities."As time goes by, the importance of this project will become more evident for the Iranians," said Rouhani.
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