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On June 25, Iran officially began building a 1,000km pipeline that seeks to avoid the Strait of Hormuz for exporting oil. The Goureh-Jask route will allow Iran to export 1 million barrels per day (bpd) by March 2021 as current sanctions by the United States has dramatically decreased Iran’s oil exports to 100,00-200,000 bpd.

Iran Begins Building Pipeline To Avoid Strait of Hormuz

On June 25, Iran officially began building a 1,000km pipeline that seeks to avoid the Strait of Hormuz for exporting oil. The Goureh-Jask route will allow Iran to export 1 million barrels per day (bpd) by March 2021 as current sanctions by the United States has dramatically decreased Iran’s oil exports to 100,00-200,000 bpd.

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