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Iraq to Boost Oil Storage
20 February 2015 .
Iraq’s Deputy Oil Minister, Fayadh Al-Nema [Fayyad Al-Nima], has opened three new oil storage tanks near Basra, to help cope with the export bottlenecks caused by bad weather and to accommodate rising production.
The new facility will bring crude-storage capacity from 9.5 million to 10.5 million barrels.
The minister told reports that another four to five million barrels capacity will be added by the end of this year.
(Sources: Reuters, Bloomberg)
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20 February 2015 .
Iraq’s Deputy Oil Minister, Fayadh Al-Nema [Fayyad Al-Nima], has opened three new oil storage tanks near Basra, to help cope with the export bottlenecks caused by bad weather and to accommodate rising production.
The new facility will bring crude-storage capacity from 9.5 million to 10.5 million barrels.
The minister told reports that another four to five million barrels capacity will be added by the end of this year.
(Sources: Reuters, Bloomberg)
20 February 2015 .
Iraq’s Deputy Oil Minister, Fayadh Al-Nema [Fayyad Al-Nima], has opened three new oil storage tanks near Basra, to help cope with the export bottlenecks caused by bad weather and to accommodate rising production.
The new facility will bring crude-storage capacity from 9.5 million to 10.5 million barrels.
The minister told reports that another four to five million barrels capacity will be added by the end of this year.
(Sources: Reuters, Bloomberg)
[You must be registered and logged in to see this link.]
20 February 2015 .
Iraq’s Deputy Oil Minister, Fayadh Al-Nema [Fayyad Al-Nima], has opened three new oil storage tanks near Basra, to help cope with the export bottlenecks caused by bad weather and to accommodate rising production.
The new facility will bring crude-storage capacity from 9.5 million to 10.5 million barrels.
The minister told reports that another four to five million barrels capacity will be added by the end of this year.
(Sources: Reuters, Bloomberg)
