Heightend Activities in Iranian Oil Sector: a deal over the JCPOA may be in the offing!
With Goreh-Jask pipeline coming into operation on Thursday, Hassan Rouhani, the outgoing Iranian president could not hide his jubilation for the achievement. Mr Rouhani said during the inauguration that it was built purely by the indigenous talent, referring to the Iranian engineers, architects and the technicians who were instrumental in bringing the project into reality. Iran says the new pipeline provides the country with an alternative route for its oil exports; the Strat of Hormuz, which Iran has been using for its oil exports for decades, is often a flash point, when conflicts between Iran and the West, especially the United States, flares out. The pipeline opens a new gateway to the Indian Ocean for Iranian oil exports, according to the Iranian media; Iran hopes that it can increase its daily exports from the current 300,000 bpd to 1 million bpd in the near future – of course, if the sanctions no longer, exit. The new pipeline was opened on a direct order from the outg