Pipeline to Carry Caspian Crude to Gulf of Oman
by Asia Pulse Pte Ltd
August 30, 2007
One million barrels per day of crude oil will be transferred from the Caspian Sea to the Gulf of Oman once the Neka-Jask pipeline is operational, it was announced in Tehran Monday.
Caretaker of Ministry of Petroleum Gholam-Hossein Nozari
told reporters that this is an strategic decision for Iran, which will increase the capacity for oil swap from the
current figure of 150,000 to one million barrels per day.
Speaking on the sidelines of inauguration of the plan to
increase the capacity of Bandar Abbas-to-Isfahan pipeline,
Nozari stated that Neka-Jask cross-country pipeline will allow
littoral countries of Caspian Sea to take their oil at a lower
cost to free seas.
Asked about the plan to increase the capacity of Bandar
Abbas-Isfahan pipeline, he noted that the plan will change the
transfer system of oil and oil products from trucks to
pipeline--a move seen as both less costly and safer.
He said Bandar Imam Petrochemical Complex is a major hub for
petrochemical industries while Assaluyeh is the hub of the gas
According to current plans, Bandar Abbas refinery, which is
capable of treating about one million barrels of crude oil,
will become a hub for the oil refining industry, he said, adding
that negotiations on the Peace Pipeline are going on in a
satisfactory manner and that the project will certainly be carried
(C) 2007 Asia Pulse Pte Ltd.