Iraq Starts The Exportation From the Second Floating Terminal in the Southern Ports

abarrelfullabarrelfull wrote on 01 Feb 2013 07:19
Tags: iraq m-east upstream

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Mr. Abdulkareem Liaybi the minister of oil said that Iraq started the operation of the second floating terminal in Sunday the 27th of January by using two offshore pipelines in the southern ports in Basra governorate.

And said that this operation will contribute in giving Iraq more flexibility & capability to raise the exportation powers, as well as covering the expected high export quantities during this year within the project of increasing the export capacity.

It is worthy to mention that, the ministry of oil started the first phase of the project of increasing the export capacity in January the 12th of 2012 within the ministrys plan to enforce the reserve & export capacity from the southern ports gradually till the year of 2017 to make Iraq in the lead of the oil producing & exporting ries.

The project is one of the plans of the Ministry of Oil proactive to accommodate the expected increase in production capacity as a result of the contracts concluded by the ministry with international companies across the four licensing rounds.

it is worthy to mention that the ministry of oil finished the construction of 4 giant oil reservoir tanks, 240 thousand barrels for each in the Zubair oil depot No. 2, which are a part of 21 tankers project to pump the crude oil to the southern ports.

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