Oil prepares to increase export capacity to 6 million barrels per day

Oil prepares to increase export capacity to 6 million barrels per day

12/26/2020 15:39:16

Oil prepares to increase export capacity to 6 million barrels per day(Baghdad: Al Furat News) Today, Saturday, the Ministry of Oil announced its intention to increase oil export capacity to 6 million barrels per day by 2023.
The Undersecretary for Extraction Affairs, Karim Hattab, said in a statement that Al-Furat News received a copy of it, that his visit to the Faw oil depots comes in implementation of the directives of the Minister of Oil Ihsan Abdul-Jabbar to follow up the projects of developing the Al-Faw oil depot, which aims to enhance and sustain oil exports from the southern ports through Executing mega projects, including the construction of (24) tanks with a capacity of (58) thousand aiming to raise the export capacity of the current system from (3.5) million barrels to (6) million barrels per day after 2023.

He pointed out, “the need to differentiate between the export capacity available for the export system and the actual export determined by the ministry in accordance with the requirements of the actual need in the future.”

Al-Hattab confirmed, “The Ministry has achieved a high percentage of the implementation program of these projects, whether the works entrusted to the Oil Projects Company or Ibn Majed Company,” pointing out that “These projects include the construction and construction of electrical generating stations, horizontal turbine pumps, vertical auxiliary pumps, pipes, stations, control devices and firefighting systems as well as On the rehabilitation of the suspended equipment and more. ”

He added, “The ministry also aims to implement the marine pipeline project from the Faw warehouse to the supplies of oil exports, as well as projects to develop export outlets.”

According to the statement, Director General of the Basra Oil Company, Khaled Hamzah, explained that “the importance of these projects lies in enhancing oil exports from the southern oil fields, achieving high flow, and in line with the planned increase in the future.”

While the General Director of the Oil Projects Company, Mahmoud Abbas stressed, “the importance of the national effort in implementing these complex projects, according to the required qualitative specifications, and that his company implements (16) tanks with a capacity of (58) cubic meters per tank, and that Bin Majid Company implements (8) tanks with a capacity (58) cubic meters, in addition to the projects attached to it. ”

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