• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 2 hours World’s Biggest Battery In California Overheats, Shuts Down
  • 12 mins Evergrande is going Belly Up.
  • 14 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 23 hours U.S. Presidential Elections Status - Electoral Votes
  • 17 hours Poland Expands LNG Powered Trucking and Fueling Stations
  • 2 days And now, hybrid electric locomotives...
  • 24 hours Ozone layer destruction driving global warming
  • 2 days The unexpected loss of output from wind turbines compels UK to turn to an alternative; It's not what you think!
  • 2 days The Painful Death of Coal
  • 22 hours The coming Cyber Attack
  • 22 hours Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?
  • 1 day 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers
The Next South American Oil Giant

The Next South American Oil Giant

Closely following the developments at…

Europe Could Turn To More Coal If Gas Crunch Persists

Europe Could Turn To More Coal If Gas Crunch Persists

Despite its ambitious green energy…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Iran Starts Shipping Oil Via Strategic Pipeline

Iran has started sending crude oil via the Goreh-Jask pipeline that passes by the Strait of Hormuz and ends at the port city of Jask in the Gulf of Oman, from where the oil could be loaded on tankers for export.

The first shipment has almost reached its final destination, Bloomberg reported, citing Iran’s state-owned Islamic Republic News Agency. The 620-mile pipeline will be officially opened later this year by President Hassan Rouhani.

Iran has been preparing for the lifting of U.S. sanctions for months now, boosting its oil production and preparing to boost exports as well.

Earlier this month, President Rouhani said the principal agreement on the sanctions has been reached, which caused a temporary slump in oil prices. Later, other sources said the final agreement is still out of reach.

Meanwhile, however, the country is ramping up output, planning to return to a production level of 4 million barrels daily, which Tehran said it could do within three months. Most of this will probably be exported through the Strait of Hormuz, but it would make sense to seek an alternative route, too, in case of another flare-up in regional or international tensions, making the chokepoint a suitable spot for confrontation. On numerous occasions, Iran has been the party initiating the confrontation, too.

As Iran seeks ways to bring more oil to international markets, the Energy Information Administration reported that an Iranian oil cargo had reached the United States in March, with Reuters noting in its report that the data of the cargo was included in a monthly report that followed the U.S. seizure of an Iranian oil shipment in a Liberian-flagged tanker. The report also noted that its own shipping data had shown the seized tanker had unloaded its cargo at Galveston, Louisiana, in March as well.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:

Download The Free Oilprice App Today

Back to homepage

Leave a comment
  • Mamdouh Salameh on May 31 2021 said:
    The Iranian Goreh-Jask oil pipeline is of great economic and geopolitical importance to Iran for major reasons.

    The first reason is that it will allow Iranian crude oil exports to bypass the Strait of Hormuz for the first time since oil production started in Iran in the early twentieth century.

    The second reason is that it will enhance Iran’s geopolitical reach immeasurably by allowing it to be able to use the threat of closing the Strait of Hormuz for political reasons without hindering its own oil exports.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News