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
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