Construction is now fully under way of Iran’s game-changing oil pipeline that will be able to transport huge quantities of oil and petrochemicals from its major oil fields via Guriyeh in the Shoaybiyeh-ye Gharbi Rural District of Khuzestan Province 1100 kilometres to the port of Jask in Hormozgan province on the Gulf of Oman. This 42-inch pipeline is absolutely crucial to Iran’s ability to continue to circumvent U.S.-led sanctions against it and to consolidate its burgeoning customer base in Asia. Vitally in all respects, the Guriyeh-Jask pipeline will allow Iran to freely ship at least 1 million barrels per day (bpd) of its own crude oil anywhere in the world (with a continued focus on China initially) whilst at the same time if necessary being able to disrupt all other oil supplies that transit through the Strait of Hormuz (around 35 per cent of the world’s total). According to […]