NIOC to export first oil cargo from Jask port

Considering progress in Goreh-Jask oil pipeline project, the National Iranian Oil Company (NIOC) will be able to export its first oil cargo from Jask terminal by the end of the current Iranian calendar year (March 20, 2021), said the managing director of Petroleum Engineering and Development Company (PEDEC).

According to Touraj Dehqani, the development of the project is going on uninterrupted and the project has reached over 50 percent of physical progress, IRNA reported.

“With the main pumping stations of the project becoming operational, we will witness the beginning of the oil transfer from Goreh to Jask by the end of the year,” Dehqani said.

“Of course, like other parts of the project, Jask export terminal itself has developed and progressed,” he added.

The official added if the required storages at the Jask terminal are not addressed by the end of the year, alternative options such as the use of single-point-mooring (SPM) storing the oil will be on the agenda.

The PEDEC’s goal is to export the first oil cargo from Jask oil terminal in the last month of the current Iranian calendar year (starting on February 19, 2021).

Goreh-Jusk oil pipeline project was inaugurated in late June by President Hassan Rouhani.

The pipeline will transfer one million barrels of heavy and light crude oil per day to Jask oil terminal in the southern province of Hormuzgan to be exported.

Addressing the inaugural ceremony of the project, Oil Minister Bijan Namdar Zanganeh said it was one of the most strategic projects in the Rouhani administration.

Zanganeh said a total of $300 million has so far been invested in the project while another $800-$850 million is needed for its full operation.

“We hope that exports from Jask will begin as the government’s most strategic project by the end of this [Iranian] year,” the minister noted.

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