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First port of oil floating in Iraq
Sunday, February 12, 2012 03:08
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Iraq will begin running tomorrow, the first floating oil port with a capacity of 850 thousand barrels per day in Iraq under the program to increase the export capacity of crude oil and bringing it to five million barrels by 2013 from the southern port overlooking the Persian Gulf city of Basra.
The ministry spokesman Assem Jihad, the oil that has been to provide all the preparations, and the completion of the test tubes under the water and float by the company successfully implemented.
He added that he will be the middle of this year Blackjack II running the same power first, and with the end of the third buoy will occupy the same energy as well, and that in 2013, will occupy the fourth the same energies and the creation of the previous work Bavh.
He considered that the opening of Jihad buoy is part of a proactive plan to accommodate the growing production capacities for the production of crude oil in Iraq.
According to the Ministry of Oil, the cost of the first phase of export buoys up to $ 1.6 billion.
Mentions that he was supposed to run on the first buoy 25 of the last month but was postponed to verify the readiness, as the project is the first of its kind in the country.
Baghdad and expects to increase the export capacity of crude oil from the southern port after running the first buoy to 2.5 million barrels per day, which currently stands at 1.7 million barrels.
And Iraq currently exports from the northern Kirkuk oilfields around 450 thousand barrels a day through the Turkish port of Ceyhan on the Mediterranean.
It is expected that the jump rates of crude oil production in Iraq by the end of this year to 3.4 million barrels per day, while now approaching three million, mostly from the southern fields, especially the oil-rich province of Basra.
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Sunday, February 12, 2012 03:08
Hits: 4
Iraq will begin running tomorrow, the first floating oil port with a capacity of 850 thousand barrels per day in Iraq under the program to increase the export capacity of crude oil and bringing it to five million barrels by 2013 from the southern port overlooking the Persian Gulf city of Basra.
The ministry spokesman Assem Jihad, the oil that has been to provide all the preparations, and the completion of the test tubes under the water and float by the company successfully implemented.
He added that he will be the middle of this year Blackjack II running the same power first, and with the end of the third buoy will occupy the same energy as well, and that in 2013, will occupy the fourth the same energies and the creation of the previous work Bavh.
He considered that the opening of Jihad buoy is part of a proactive plan to accommodate the growing production capacities for the production of crude oil in Iraq.
According to the Ministry of Oil, the cost of the first phase of export buoys up to $ 1.6 billion.
Mentions that he was supposed to run on the first buoy 25 of the last month but was postponed to verify the readiness, as the project is the first of its kind in the country.
Baghdad and expects to increase the export capacity of crude oil from the southern port after running the first buoy to 2.5 million barrels per day, which currently stands at 1.7 million barrels.
And Iraq currently exports from the northern Kirkuk oilfields around 450 thousand barrels a day through the Turkish port of Ceyhan on the Mediterranean.
It is expected that the jump rates of crude oil production in Iraq by the end of this year to 3.4 million barrels per day, while now approaching three million, mostly from the southern fields, especially the oil-rich province of Basra.
[You must be registered and logged in to see this link.]
