Jul 28, 2021, 12:36 PM
Journalist ID: 1195
News Code: 84418896
1 Persons


Jask oil terminal saves $300,000 in export costs

Tehran, IRNA – Head of Jask Oil Terminal in south Iran Reza Dehkordi said the terminal decreases oil transfer costs by 300,000 dollars per oil tanker by pumping oil through pipeline.

The distance between Jask and Kharg which is covered now by pipelines is about 510 nautical miles and it takes 5 days for a 2-million-barrel oil tanker round trip, according to Dehkordi.

He added that pumping exported oil through Jask terminal will save 300,000 dollars in every 2-million-barrel oil tanker in export costs, including fuel, tanker rent, insurance, port costs, etc.), giving a competitive advantage to Iran.

The cost saving would be even more if the oil tanker was rented for a single oil shipment, because it is more expensive that multiple shipment rent, as said by Dehkordi.

He noted that Jask terminal can play even wider roles in Iran’s oil industry, as it can be used for bunkering and logistic purposes and ship repair and services.

He pointed to Fujairah port in UAE which meets strategic demands of oil exporters in the Persian Gulf region, saying that Jask Oil Terminal can play a similar role and prevent Kharg terminal losing its importance.

Jask terminal has the capacity for large oil tankers to dock and it would increase the capacity for Suezmax ships to be able to enter and dock, Dehkordi underlined.


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