Iran Aims To Start Oil Exports Bypassing Strait Of Hormuz In 2021

Iran says it aims to complete by March 2021 a long crude oil pipeline from its northwest deep in the Persian Gulf to a southern terminal east of the Strait of Hormuz, in order to export oil by shipping it first onshore to the terminal to bypass the world’s most critical oil chokepoint.    According to Touraj Dehghani, Deputy CEO and Member of the Board at Iranian company Petroleum Engineering and Development Company (PEDEC), Iran will be able to bypass the Strait of Hormuz once the Goureh-Jask Crude Oil Pipeline project becomes…