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News
Iran plans new oil terminal to bypass Hormuz
Hantu Machinery 2014-03-26 23:36
TEHRAN, Iran (AP) — A senior official says Iran is planning to build a new oil terminal beyond the strategic
Strait of Hormuz.Akbar Torkan, a senior trade official, is quoted by the semiofficial ISNA news agency as
saying Tuesday that the new terminal will be at Bandar Jask port on the Oman Sea. Iran's sole major crude
export terminal is at Khark Island in the Persian Gulf.Torkan didn't elaborate, but bypassing Hormuz would
be seen as protecting exports from instability in the Gulf.Iranian officials in the past had threatened to
close Hormuz at the mouth of the Gulf, the passageway through which a fifth of the world's oil flows, if its
interests are seriously threatened or it is unable to export oil.
They have not reiterated any threats since 2012.
Strait of Hormuz.Akbar Torkan, a senior trade official, is quoted by the semiofficial ISNA news agency as
saying Tuesday that the new terminal will be at Bandar Jask port on the Oman Sea. Iran's sole major crude
export terminal is at Khark Island in the Persian Gulf.Torkan didn't elaborate, but bypassing Hormuz would
be seen as protecting exports from instability in the Gulf.Iranian officials in the past had threatened to
close Hormuz at the mouth of the Gulf, the passageway through which a fifth of the world's oil flows, if its
interests are seriously threatened or it is unable to export oil.
They have not reiterated any threats since 2012.
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