Ports in the south of Iraq
MP Wael Abdul Latif called to develop Iraqi ports and to boost their operational capacity thru making use of the Investment programs of International Companies.
MP Abdul Latif said that dealing with the issue of Iraqi ports and working on solving the challenges that face the naval sector constitute an important revenue that contributes in increasing the country’s financial income. (more…)
Iraq aims to install four new floating oil terminals and three new undersea oil pipelines that will boost export capacity to 8 million barrels per day from a current 1.9 million bpd, a top oil official said.
Dhiya Jaafar, current chief of Iraq’s South Oil Company (SOC), which oversees the bulk of exports from the country’s vast oil reserves, on Wednesday told reporters work should be completed on the new terminals and pipelines in the second half of 2011. “There is a plan ready and it is under execution to establish four floating platforms and three new undersea pipes and we aim to finish this work in the second half of 2011,” he said, adding this would boost capacity to 8 million bpd. (more…)