Iran opens oil terminal to jump Hormuz strategic strait | Oil and Gas News

The opening of the oil terminal in the Gulf of Oman shows the failure of US sanctions, said Iranian President Hassan Rouhani.

Outgoing President Hassan Rouhani has said Iran has opened its first oil terminal in the Gulf of Oman, a move that will allow it to avoid using the Hormuz Strait shipping route which has been a source of tension regional for decades.

“This is a strategic move and an important step for Iran. It will ensure the continuation of our oil exports,” Rouhani said in a televised speech Thursday.

“We had a terminal and if there was a problem, our oil exports would be cut,” Rouhani acknowledged, adding that “today is a great historic day for the Iranian nation.”

“Today, the first shipment of 100 tons of oil is loaded out of the Strait of Hormuz. This shows the failure of American sanctions, ”he said.

Rouhani said Iran aims to export one million barrels per day (bpd) of oil from Bandar-e-Jask, a port on the Gulf coast of Oman to Iran, just south of the Strait. of Hormuz that allows ships to go into the Arabian Sea and beyond to avoid the narrow strait.

Iran has also built a 1,000-kilometer (600-mile) pipeline to transport its crude to the new terminal in southeastern Goreh in Bushehr province.

Iran has often threatened to block the strait if its crude exports were closed by U.S. sanctions, imposed by Washington three years ago when President Donald Trump then withdrew unilaterally from a first-rate nuclear deal signed between the Iran and world powers in 2015.

Iranian officials and the administration of US President Joe Biden have been in indirect negotiations in Vienna since early April to revive the agreement, under which Iran has agreed to halt its nuclear program. in exchange for the lifting of most international sanctions.

The Hormuz Strait is a narrow channel at the mouth of the gulf through which about one-fifth of the world’s oil passes from Middle Eastern producers to markets in Asia, Europe, North America and beyond.

There have been periodic clashes between the elite of the Iranian Islamic Revolutionary Guard Corps and the U.S. military in the area.

Archenemies Iran and Israel have also exchanged accusations of blows on each other’s ships in the region’s sensitive watercourses.

Israeli-owned ships were attacked in the Gulf of Oman in February and April, with Israel blaming Iran for the explosions.

Iran’s largest naval ship as well he sank in early June after catching fire in the Gulf of Oman. Officials did not even say whether the Kharg shipwreck was an act of sabotage or an accident.

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