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Reuters - 26/01/2012
Iraq expects the opening of a new oil port in 10 days
Sources in the Iraqi oil sector, Iraq is expected to start exporting oil from the new port in the Gulf within ten days after the postponement of the opening of the end of the link and test tubes.
He said Iraq's oil minister said last week that test pumping oil through a new single-buoy laying will begin on Wednesday and that the port will be ready to receive ships in February.
The new port will add about 900 thousand barrels per day to the Iraqi export capacity in conjunction with the Western embargo on Iranian oil may put pressure on global supplies.
But a source in the South Oil Company said that the test pumping of the parts of the land and sea pipeline, stretching to the new port is not complete.
The source said a member of the team raising the South's export capacity, "we have to complete the test on all parts of the line and only then will we be able to connect the line of wild marine part. We need about ten days to complete the work."
It will also raise the export capacity in the Gulf and Iraq, which cost $ 1.3 billion two pipelines under the sea and land line in addition to four buoys to establish a single to load the tankers.
Each float will add about 900 thousand barrels per day to Iraq's export capacity. The officials said that Iraq will begin running Awamtin two more later this year.
And capacity constraints have hampered Iraq's ambitious export plan to join the group's largest crude oil producers in the world.
Baghdad and established a set of contracts to develop the fields on the major foreign companies such as Shell, Exxon Mobil and BP. Raising my target production capacity to 12 million barrels per day by 2017. Most analysts believe that the realistic objective of between six and seven million barrels a day.
A statement of the Oil Ministry on Wednesday to postpone the opening of the first buoy until further notice, without any details. It was scheduled to be opening on Friday.
Said Asim Jihad, spokesman for the Iraqi Oil Ministry said the weather was bad in the Gulf over the weekend, which contributed to the postponement of the marine part of the pipeline. He expected to start pumping crude through the port in coming days.
Another official said the South Oil Company owned by the state that the delay was due to technical reasons and delayed ship was scheduled to dock to load crude from the port. He added that the completion of all the technical details will need about ten days.
Iraq currently produces about three million barrels per day while exports averaged 2.165 million barrels per day last year, according to data the Iraqi Oil Marketing Company (SOMO).
It is expected to average exports of 2.5 million barrels per day this year.
After running the first three buoys will increase Iraqi export capacity in the Gulf by 2.7 million barrels a day to become more than double the current capacity of Basra. The export capacity of the existing ports in the Gulf, about 1.7 million barrels per day.
Iraq also plans to establish a pipeline, the Gulf and the third one-fourth buoy laying, while aspiring to build a fifth buoy in the future.
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Iraq expects the opening of a new oil port in 10 days
Sources in the Iraqi oil sector, Iraq is expected to start exporting oil from the new port in the Gulf within ten days after the postponement of the opening of the end of the link and test tubes.
He said Iraq's oil minister said last week that test pumping oil through a new single-buoy laying will begin on Wednesday and that the port will be ready to receive ships in February.
The new port will add about 900 thousand barrels per day to the Iraqi export capacity in conjunction with the Western embargo on Iranian oil may put pressure on global supplies.
But a source in the South Oil Company said that the test pumping of the parts of the land and sea pipeline, stretching to the new port is not complete.
The source said a member of the team raising the South's export capacity, "we have to complete the test on all parts of the line and only then will we be able to connect the line of wild marine part. We need about ten days to complete the work."
It will also raise the export capacity in the Gulf and Iraq, which cost $ 1.3 billion two pipelines under the sea and land line in addition to four buoys to establish a single to load the tankers.
Each float will add about 900 thousand barrels per day to Iraq's export capacity. The officials said that Iraq will begin running Awamtin two more later this year.
And capacity constraints have hampered Iraq's ambitious export plan to join the group's largest crude oil producers in the world.
Baghdad and established a set of contracts to develop the fields on the major foreign companies such as Shell, Exxon Mobil and BP. Raising my target production capacity to 12 million barrels per day by 2017. Most analysts believe that the realistic objective of between six and seven million barrels a day.
A statement of the Oil Ministry on Wednesday to postpone the opening of the first buoy until further notice, without any details. It was scheduled to be opening on Friday.
Said Asim Jihad, spokesman for the Iraqi Oil Ministry said the weather was bad in the Gulf over the weekend, which contributed to the postponement of the marine part of the pipeline. He expected to start pumping crude through the port in coming days.
Another official said the South Oil Company owned by the state that the delay was due to technical reasons and delayed ship was scheduled to dock to load crude from the port. He added that the completion of all the technical details will need about ten days.
Iraq currently produces about three million barrels per day while exports averaged 2.165 million barrels per day last year, according to data the Iraqi Oil Marketing Company (SOMO).
It is expected to average exports of 2.5 million barrels per day this year.
After running the first three buoys will increase Iraqi export capacity in the Gulf by 2.7 million barrels a day to become more than double the current capacity of Basra. The export capacity of the existing ports in the Gulf, about 1.7 million barrels per day.
Iraq also plans to establish a pipeline, the Gulf and the third one-fourth buoy laying, while aspiring to build a fifth buoy in the future.
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