The construction of mega crude oil tanks in the port of Jask, Iran, has begun. According to media reports, the port, in the southern Hormozgan Province, will have the capacity to store up to 30 million barrels of crude oil.

Delineating the major project, Hamid Sharif-Razi said: “The tanks are planned to store 10 million barrels in the first phase, which could increase up to 30 million later,” ISNA quoted the official as saying on Monday. The plan calls for laying 1,000 kilometres of a 42-inch pipeline from the city of Goureh [in Bushehr Province] to the port of Jask.”

The Petroleum Engineering and Development Company (PEDEC), also known as Matn, will manage the pipeline project with NIOEC’s consultancy.

“The Jask Oil Terminal is estimated to cost upwards of $2bn and be completed by 2021,” Mohammad Saghai, an Oil Ministry advisor, was quoted as saying last year by the official portal of the National Iranian Oil Company.

“The terminal is part of a development plan in the region that includes the construction of two refineries, a petrochemical complex as well as oil storage units with a total capacity of 10 million barrels in the first phase and 30 million barrels in the second phase,” he added.

6th Apr 2018

6th April 2018