HomeMagazine2019November 2019, Vol. 246, No. 11Iran Building Oil Pipeline to Terminal Outside Gulf

November 2019, Vol. 246, No. 11

Projects

Iran Building Oil Pipeline to Terminal Outside Gulf

Iran is building a $1.8 billion oil pipeline to its port of Jask outside the mouth of the Gulf, the country’s oil minister said, as part of plans to protect its exports against potential problems in the region and to boost shipments of Caspian oil. Iran has been planning since at least 2012 to set up the terminal on the Gulf of Oman, just outside the Strait of Hormuz. Tehran has threatened to block the vital Gulf oil shipping route during its standoff with the United States, after Washington last year withdrew from Iran’s 2015 nuclear deal with world powers and re-imposed sanctions, including on Tehran’s vital oil exports. “The project would transform the region as various oil storage fac

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