Iran Installs New System to Sell Crude in Sea of Oman

Iran Installs New System to Sell Crude in Sea of Oman
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Iran Installs New System to Sell Crude in Sea of Oman

Iran Installs New System to Sell Crude in Sea of Oman

Iran has launched a project to transfer its crude away from the Arabian Gulf in an effort to circumvent US sanctions and warnings to countries that purchase Iranian oil.

With the installation of an offshore structure at a distance of approximately six kilometers from Makran coast, the early phase of the project will go operational, according to PressTV.

Jask terminal is under construction by Pars Oil and Gas Company on 60 hectares of land and with nearly €260 million of investment.

The Single Point Mooring (SPM) system and its accessories, including floating and submersible hoses, weigh nearly 800 tons. It will be installed and fixed to the seafloor at a depth of 48 meters.

The 1,000-kilometer pipeline from Bushehr will soon be linked to Jask terminal and then via the underwater pipes it will reach the SPM to load tankers with crude. Jask will soon become Iran’s second-largest oil export terminal after the Kharg Island terminal.

The Kharg Island in the Arabian Gulf is Iran’s main terminal to export crude oil. To reach Kharg, tankers must pass through the Strait of Hormuz.

With the new project, the country’s oil exports will not be linked to the Strait of Hormuz and tankers can load in the Sea of Oman.



Supporters of Pakistan's Imran Khan Call off Protest

Policemen fire tear gas shells to disperse supporters of Pakistan Tehreek-e-Insaf (PTI) party during a protest to demand the release of former prime minister Imran Khan, in Islamabad on November 26, 2024. (Photo by Aamir QURESHI / AFP)
Policemen fire tear gas shells to disperse supporters of Pakistan Tehreek-e-Insaf (PTI) party during a protest to demand the release of former prime minister Imran Khan, in Islamabad on November 26, 2024. (Photo by Aamir QURESHI / AFP)
TT

Supporters of Pakistan's Imran Khan Call off Protest

Policemen fire tear gas shells to disperse supporters of Pakistan Tehreek-e-Insaf (PTI) party during a protest to demand the release of former prime minister Imran Khan, in Islamabad on November 26, 2024. (Photo by Aamir QURESHI / AFP)
Policemen fire tear gas shells to disperse supporters of Pakistan Tehreek-e-Insaf (PTI) party during a protest to demand the release of former prime minister Imran Khan, in Islamabad on November 26, 2024. (Photo by Aamir QURESHI / AFP)

Former Pakistani Prime Minister Imran Khan's party suspended street protests demanding his release from jail after a sweeping midnight raid by security forces in the capital Islamabad in which hundreds of people were arrested, local media reported on Wednesday.
Broadcaster Geo News, citing a Pakistan Tehreek-e-Insaf (PTI) statement, said the party had announced a "temporary suspension" of the protest, in which at least six people, including four paramilitary soldiers and two protesters, have been killed.
A PTI spokesperson did not immediately respond to requests for comment.
Thousands of protesters had gathered in the center of Islamabad on Tuesday after a convoy, led by Khan's wife Bushra Bibi, broke through several lines of security all the way to the edge of the city's highly fortified red zone.
Geo News and broadcaster ARY both reported that a massive raid was launched by security forces in a pitch-dark central Islamabad, where lights had been turned off and a barrage of teargas was fired. The protest gathering was almost completely dispersed, they reported.
On Wednesday morning, city workers were cleaning up debris and clearing some of the shipping containers that had blocked roads around the capital. The heavily fortified red zone was empty of protesters but several of their vehicles were left behind, including the remains of a truck from which Bushra Bibi had been leading the protests that appeared charred by flames, according to Reuters witnesses.
PTI had planned on staging a sit-in in the red zone until the release of Khan, who has been in jail since August last year.
PTI's president for the city of Peshawar in the party's northern stronghold of Khyber Pakhtunkhwa province, said the party had called off the protest.
"We will chalk out the new strategy later after proper consultation,” Mohammad Asim told Reuters.
He said that Bushra Bibi as well as Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur, a key Khan ally, had returned "safely" to the province from the capital.
Pakistan's benchmark share index jumped more than 4% in intraday trade on Wednesday, recovering losses made on Tuesday when the index closed 3.6% down over the news of political clashes.
"With valuations remaining highly attractive, we expect the positive momentum to continue going forward," said Tahir Abbas, head of research at Arif Habib Limited, adding that the sharp rebound in the market was due to hopes of political stability restoring investor confidence.