Goureh-Jask oil transfer project has registered 25% progress and is expected to be completed by 2022, managing director of the Petroleum Engineering and Development Co., a subsidiary of the National Iranian Oil Company, said.
Work on the project began last summer and in less than two years, light, heavy and ultra-heavy crude oil will be transferred from Goureh oil terminal in Bushehr Province to Jask Port in Hormozgan Province, the Oil Ministry news agency Shana reported Touraj Dehghani as saying.
To cost an estimated $2 billion, the project includes construction of a 1,000-kilometer pipeline for transferring 1 million barrels of crude oil a day produced in the West Karoun region with 13 oilfields to Jask, off the Sea of Oman.
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