Construction of Iran’s Jask Island oil terminal to take more than 3 years
Tehran, Iran, Jun. 28
By Milad Fashtami - Trend:
The construction operation of Jask Island oil export terminal, located in the Sea of Oman, will definitely take more than three years.
Managing director of Iranian Oil Terminals Company, Seyed Pirouz Mousavi, said on June 28 that currently the preliminary studies of the project are underway, Iran's Tasnim News Agency reported.
"The studies will be completed in one year," he said.
"Foreign companies' participation in financing the project is also being studies," he added.
Akbar Torkan, the secretary of Iran's Free Trade Zones Coordination Council, said on June 18 that Jask oil terminal will be Iran's second oil export terminal, Iran's SHANA News Agency reported on June 18.
Torkan previously said that, "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 in 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.