Iran on track to open new oil terminal outside Gulf
Iran's plan to open a new oil terminal on the Sea of Oman will allow tankers to bypass the strategic Strait of Hormuz (AFP Photo/ATTA KENARE)/ Tehran (AFP) - Iran said on Monday that it is on track to create a new oil terminal on the Sea of Oman that would open a new export route for its crude and allow tankers to bypass the strategic Strait of Hormuz. The National Iranian Oil Company signed a contract worth around $52 million Monday with three local companies to supply 50 pumps for the pipeline project, according to the Iranian oil ...
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