Exports from Chabahar Port up 100% in H1

September 30, 2019

TEHRAN- Exports of commodities from Iran’s southeastern port of Chabahar has risen 100 percent during the first half of the current Iranian calendar year (March 21-Septemeber 22) compared to the first half of the past year, according to the head of Ports and Maritime Department of Sistan-Baluchestan Province (where the port lies).

Behrouz Aqaei also said that transit of Afghan commodities via Chabahar Port has doubled during the first six months of this year, Mehr news agency reported.

In terms of transport and shipping situation in this port after the U.S.’s reimposition of sanctions against Iran, the official said, “The U.S. has exempted Chabahar Port from sanctions. U.S. sanctions waiver in this port has decreased insurance cost of vessels to a great extent in a way that most shipping lines are interested in shipping their goods via this port.”

Cement, minerals and construction stones are main export products in this southern province which are exported to various countries through this port, he added.

Located at southeastern Iran, on the Gulf of Oman, Chabahar is the home for Iran's only oceanic port.

Due to its strategic geographical positioning, Chabahar port holds a great significance for Iran both politically and economically.

After years of negotiation, Iran has awarded the development project of this port to India, and the South Asian country committed $500 million to build two new berths in this port.

However, after the U.S. reimposed sanctions on Iran in November, the future of many Iranian projects including Chabahar port was shadowed by the consequences of the sanctions.

But following several rounds of negotiations and discussions with New Delhi, the U.S. administration finally exempted the Chabahar project from the sanctions.  

MA/MA

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