News ID: 276169
Published: 0247 GMT October 31, 2020

Progress of first phase of Goreh-Jask project tops 76%

Progress of first phase of Goreh-Jask project tops 76%

The first phase of the Goreh-Jask pipeline project, which will provide the country with an alternative route for crude oil exports that are currently transferred through the Strait of Hormuz, has reached 76.5 percent of physical progress and is nearing completion, according to schedule.

According to Ali Ja'farzadeh, the deputy manager of the project, with the completion of the first phase of the project, 300,000 barrels per day (bpd) of oil will be transported from Goreh to Jask Island, Shana reported.

Pointing to the construction of pipelines, two pumping stations, as well as two pigging and power supply stations among the goals of the first phase of the project, he said, “By the end of the current Iranian year (March 20, 2021), two million barrels of storage capacity will become operational at Jask Island.”

Ja'farzadeh continued: “So far, about 700 kilometers of pipes have been delivered to the site and more than 300 km of piping has been laid; according to plan, the entire pipeline length, which is about a thousand kilometers, will be installed, tested, and operational by the end of this year.”

The Goreh-Jask project, which is aimed at expanding the oil transport capacity in the south of the country to one million barrels per day, was inaugurated in late June by President Hassan Rouhani.

Addressing the inaugural ceremony, President Rouhani said this project was currently the country’s most strategic project.

“We hope that exports from Jask will begin as the government’s most strategic project by March 20, 2021,” the president said.

So far, a total of $300 million have been invested in the project, while another $800 million to $850 million are needed for its full operation.

According to the head of Iran’s Petroleum Engineering and Development Company (PEDEC), considering the current rate of progress in the Goreh-Jask oil pipeline project, the National Iranian Oil Company (NIOC) will be able to export its first oil cargo from Jask terminal by the end of the current Iranian year (March 20, 2021).

 

 

   
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