Page 6 - MEOG Week 30 2021
P. 6
MEOG PIPELINES & TRANSPORT MEOG
Zanganeh outlines stages
of pipeline completion
IRAN OUTGOING Iranian Minister of Petroleum The 1,000-km pipeline is part of the wider,
Bijan Zanganeh said last week that the country’s Goreh-Jask Crude Oil Transfer Project, which
new Goreh-Jask pipeline will reach full design cost a total of $2bn and includes the new Jask
capacity of 1mn barrels per day (bpd) by the end Oil Terminal (JOT), which began loading crude
of the current Iranian calendar year in March from its strategic location outside the Strait of
2022. Hormuz last week.
Speaking during a ceremony to mark the A cargo of 300,000 barrels of heavy crude
launch of the strategic conduit, Zanganeh said was loaded on to an Aframax vessel, though the
that having launched at 300,000 bpd, capac- buyer and destination of the shipment were not
ity would increase to 400,000 bpd by October, disclosed.
500,000 bpd by December and 750,000 bpd by With Jask expected to ease reliance on the
January 2022, reaching full throughput capacity Kharg Island terminal, through which around
of 1mn bpd by March. 90% of the country’s exports currently flow, Zan-
He added that the line had been completed in ganeh outlined plans for the further develop-
compliance with all national and international ment of the Makran region where Jask is located.
standards and called it a “unique manifestation “The permits to implement three refinery
of smashing the sanctions and relying on domes- projects with a capacity of 900,000 barrels [per
tic capabilities”. day] of crude oil in this region have been issued
Work is ongoing to expand capacity for Phase and these plants are being built. Furthermore,
2, with crude flows fed from fields in the prolific a BOT project to build 10mn barrel crude oil
West Karoun cluster in south-west Iran’s Khuz- storage tanks with an investment of more than
estan Province. The pipeline connects the Goreh $230mn by the private sector is under way in the
oil terminal to Jask, with crude flows from West region.”
Karoun entering the system at the Omidieh There are also plans in place to expand oil
pumping station. storage capacity to 30mn barrels.
P6 www. NEWSBASE .com Week 30 28•July•2021
