Iran's President-elect Ebrahim Raisi at a news conference
Iran launches new port amid challenges to nuclear deal
The country started loading crude from its new Jask oil terminal last week as doubts grow about the prospects for a revived JCPOA
Iran kicked off operations at the new Jask oil terminal in Hormozgan province last week, loading the country’s first crude exported from outside the Strait of Hormuz. The port is part of the $2bn Goreh-Jask Crude Oil Transfer Project, which also comprises a 1,000km pipeline that will eventually allow for 1mn bl/d of crude to be piped from southwest Iran to the coast of the Gulf of Oman for export. 350,000bl/d – Jask terminal capacity In addition to easing reliance on export facilities at Kharg Island, which account for around 90pc of Iranian cargoes, the project’s strategic location will offer financial and journey-time advantages for shipping to customers in Asia and elsewhere. Othe
Also in this section
30 November 2023
The region’s rapidly evolving infrastructure has a lot to be commended for, but some of the capacity may not be ready in time for the 2024 heating season
30 November 2023
Burgeoning middle class and long-term growth from a low base at odds with energy transition efforts
28 November 2023
Countries such as Pakistan will require fossil fuels for a long time to come, requiring a reframing of the narrative around the energy transition
28 November 2023
Rising LNG demand and supply risks are outpacing shipping logistics amid Panama and newbuild challenges
