Dinar Iraq News
Iraq plans to start exporting oil from the new port in the Gulf in February
04/01/2012
Officials said that Iraq's oil sector, plans to start exporting crude
oil from the first port of three new offshore export terminals in the
Gulf at the beginning of February, a move that will raise the export
capacity by 900 thousand barrels per day.
Increased export capacity milestone in Iraq's ambitious plans to
revitalize the oil industry after years of war and economic sanctions,
neglect and jumped to the ranks of senior producers and exporters in the
world.
Iraqi officials had expected to start exporting oil from the port of
the first of these new ports in the first of January, but test the new
export pipeline is not yet complete.
Officials said the consultations between the Ministry of Oil and South
Oil Company Inc. and Foster Wheeler project manager in the last week
resulted in this new schedule.
Said Asim Jihad, spokesman for the Iraqi Oil Ministry said it expected
to complete the final test of the new export pipeline and export
facilities other pertaining to the first floating port end of this
month.
It will also raise the export capacity in the Gulf, which cost $ 1.3
billion in the establishment of marine pipelines inland line in addition
to four ports for loading tankers.
He said an engineer in a project to raise the export capacity of the
South Oil Company told Reuters that the establishment of dual pipeline,
which extends 60 km and will carry crude to ports of the mainland has
been completed but will require the completion of the test two weeks at
least.
He said the engineer, who requested anonymity, "was supposed to
complete our work on the project earlier, but we need more time to
conduct final tests for any possible leaks and the completion of the
installation of valves, pipes.
"We'll be ready to start the export port of the first end of this month."
He said that other ports will be installed by the end of the year.
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