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Iran Turns to Rail Route to Deliver Oil to China Amid Maritime Disruptions
- Iran has started relying on rail routes to transport oil to China amid US sanctions and disruptions to maritime routes.
- Iran’s seaborne oil exports have reportedly fallen from around 2.1 million barrels per day to nearly 567,000 barrels per day.
- Tehran is seeking to use a roughly 10,400-kilometre rail corridor to transport oil to different cities in China.
- The rail journey from Iran to China could take around 15 days, according to reports.
- Iran is increasing the number of pressurised oil tanker railcars and reactivating older storage facilities to maintain oil shipments.
- Rail transport is significantly more expensive, costing an estimated $15 per barrel compared with around $5 per barrel by sea.
- A single oil train can carry around 70,000 barrels, while a large tanker can transport more than 2 million barrels.
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