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A cost of $ 1.3 billion floating port .. will add about 900 thousand barrels per day to Iraq's export capacity
On: Sat 28/01/2012 19:57
ME Online
Sources in the oil sector, Iraq is expected to start exporting oil from the new port in the Gulf within days after the postponement of the opening of the end of the link and test tubes.
The Minister of Oil Abdul Karim and coffee last week that the test pumping of oil through the establishment of a single buoy will begin Wednesday and new harbor 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 land and sea portions of the pipe extended to the new port is not complete.
The source said a member of the team raising the capacity to export South «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 impeded the export of Iraq's ambitious plan to join the group's largest crude oil producers in the world.
The Ministry has 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 Ministry of Oil Wednesday to postpone the opening of the first buoy until further notice. It was scheduled to be opening Friday.
Said Asim Jihad, spokesman for the Iraqi Oil Ministry that weather conditions in the Gulf was a bad 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, the postponement 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 marketing company Iraqi oil «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 create a pipeline, the Gulf and the third one-fourth buoy laying, while aspiring to create a fifth buoy in the future.
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