Tomorrow, and the oil ministry opens its first floating sea port for the export of crude oil

11/02/2012 14:52:00

The Iraqi News Agency Independent / Baghdad / a. ... The Oil Ministry announced the opening of the first floating sea port for the export of crude oil capacity of 850 thousand barrels per day north of the Gulf in the province of Basra on Sunday.
He said ministry spokesman Assem Jihad, the reporter (and independent Iraqi news agency) that tomorrow will see the opening of the project raise oil export capacity from the south, which reached the cost of the first phase of $ 1.6 billion for the export capacity of up to five million barrels per day in the future.
Jihad said that the project for increasing production capacities, the most important project in Iraq, not only in oil, but also in other economic sectors and that the project was carried out by international companies and international experts.
Explained that the project includes construction of three pipelines freely measuring 48 knots and a length of 60 kilometers from the top of Bisha in the Faw area towards the Iraqi territorial waters with buoys set up three of the export capacity of each one of 850 thousand barrels. "
On a related matter, announced that the Iraqi Oil Ministry that the total exports of Iraqi crude oil in December was 66.5 million barrels worth more than seven billion dollars