Iran to construct oil export terminal in Jask Island

Oil&Gas Materials 18 June 2014 15:50 (UTC +04:00)

Tehran, Iran, June 18

By Milad Fashtami - Trend:
Iran plans to construct an oil export terminal on Jask island, located in the Sea of Oman.

Akbar Torkan, the secretary of Iran's Free Trade Zones Coordination Council, said on June 18 that the facility will be Iran's second oil export terminal, Iran's SHANA News Agency reported on June 18.

Torkan previously said, "A pipeline with the length of 2200km transfers Iranian crude oil to the Sea of Oman shores. So, it is planned to establish oil storage and export facilities in the Jask Island."

Iran also plans to establish some four oil storage facilities on Kharg Island, located in the Persian Gulf.

The construction operation of the four facilities is now 97 percent complete.

Once the facilities come on stream, the island's storage capacity will reach 28 million barrels.

The facilities will come on stream at the cost of 420 billion rials (about $34.25 million).

The construction plan of the facilities started in 2008.