Dubai: Iran is planning to build a new oil terminal beyond the Strait of Hormuz.
Akbar Torkan, a senior trade official, was quoted by the ISNA news agency as saying that the new terminal will be at Bandar Jask port in the Gulf of Oman. Iran's sole major crude export terminal is at Khark Island in the Persian Gulf.
The narrow Hormuz Strait has long been seen as a potential chokepoint for Iran’s exports if an incident occurred there. Approximately a fifth of the world’s seaborne oil passes through this narrow strip of water. [26/03/14]