Iran offers new option for Caspian oil exports

According to him, Azerbaijan can send some part of its oil to the Persian Gulf via the 970-mile-long Neka-Jask pipeline that links the Caspian Sea to the Gulf of Oman through Iran.

“We are capable of storing 1.5 million barrels of oil at Neka Terminal. I would like to mention that during Azerbaijan exports part of its crude to world markets through Iran during Georgian crisis in August,” he added.

In his words, Iran and Azerbaijan are considering a number of joint projects in the Caspian Sea.

“We have offered to organize the processing of Azeri oil at a refinery in Tabriz. Today, Iran’s capacity allows refining 350 tons of Azeri oil,” he added.

First proposed in 2007, the Neka-Jask pipeline is planned to have a design capacity of one million bpd.

/APA/