Iraq begins running the port for the export of oil during the next two days

05/03/2012 14:10

BasraBaghdad, March 5 / March (Rn) – Deputy Prime Minister for Energy Hussain al-Shahristani said Iraq will begin running an oil export terminal on the Persian Gulf in Basra over the next couple of days after the postponement of operation more than once during the last month. systems and Iraq on 12 February last ceremony the opening of the port, a buoy laying mono allows loading tankers are anchored off the coast. It was scheduled to open the port in January but the date was postponed more than once for the completion of the pipe joints and testing sectors, land and sea, as well as bad weather. said al-Shahristani told reporters in Baghdad that “Iraq has decided to start exporting oil through the port pontoon, which accommodates 850 thousand barrels per day during the next two days.” and added that “Iraq’s production amounted to 3 million barrels per day, which is part of the ministry’s efforts to strengthen the economic capacity of the reality of oil in the country.” That would run the new port promote exports by 300 thousand barrels per day, which Iraq needs to keep up with increased production. Iraq plans to implement the expansion at a cost of $ 1.3 billion to export facilities in the port of Basra on the Gulf include pipelines under the sea and under the ground and float to establish a single to load the tankers in light of efforts to rebuild the sector after years of the war. and decreased exports of Iraqi crude oil to 2.014 million barrels per day in February from 2.106 million barrels per day in January, January , and seeks to raise exports to 2.6 million barrels per day this year, according to the plan included in the budget of the country’s financial dependent on oil imports 95 per cent. and Iraq has the fourth-largest oil reserves in the world is estimated at 115 billion barrels, and entered into agreements with international energy companies to raise production to 12 million barrels per day by 2017. From: Jafar Allonan. Open: Abdullah Sabri