Iran building $1.8 bln oil pipeline to terminal outside Gulf
October 01, 2019 | Middle East, Terminals & Storage
Dubai, United Arab Emirates | – Iran is building a $1.8 billion oil pipeline to its port of Jask outside the mouth of the Gulf, the country’s oil minister said, as part of plans to protect its exports against potential problems in the region and to boost shipments of Caspian oil. Iran has been planning since at least 2012 to set up the terminal on the Gulf of Oman, just outside the Strait of Hormuz. Tehran has threatened to block the vital Gulf oil shipping route …