Iran is prioritizing development of its own Hormuz-bypass pipeline amid rising regional tensions in a move that would give its periodic threats to close the Strait of Hormuz slightly more weight. The Goureh-Jask pipeline is planned to have capacity to transport up to 1mn b/d of crude to the planned Jask oil export terminal.

Toraj Dehghan, CEO of the Petroleum Engineering and Development Company (PEDEC) tasked with building the pipeline, says that he is confident it will be complete by March 2021. (CONTINUED - 404 WORDS)