Baghdad, March 5 / March (Rn) - Deputy Prime Minister for Energy Hussain al-Shahristani said Iraq will begin running an oil export terminal on the Persian Gulf in Basra over the next couple of days after the operation postponed more than once during the last month.
Systems and Iraq on February 12 last February, the opening ceremony of the harbor which is the establishment of a single buoy allows loading a tanker anchored off the coast.It was scheduled to open the port in January but the date was postponed more than once for the completion of pipe connections and test the land and maritime sectors, as well as bad weather.
He said al-Shahristani told reporters in Baghdad that "Iraq has decided to start exporting oil through the port pontoon, which accommodates 850 thousand barrels per day during the next two days."
He added that "Iraq's production amounted to 3 million barrels per day, which is part of the ministry's efforts to strengthen the economic capacity of the reality of oil in the country."
That would run the new port the promotion of exports by 300 thousand barrels per day that Iraq needs to keep up with increased production.
Iraq plans to implement the expansion at a cost of $ 1.3 billion to export facilities in the port of Basra on the Gulf include pipelines under the sea and under the earth and the establishment of a single float to load tankers in light of efforts to rebuild the sector after years of war.
And decreased exports of Iraqi crude oil to 2.014 million barrels per day in February from 2.106 million barrels per day in January January
And seeks to raise exports to 2.6 million barrels per day during the current year according to the plan included in the budget of the country's financial dependent on oil imports by 95 per cent.
And Iraq has the fourth-largest oil reserves in the world is estimated at 115 billion barrels, and entered into agreements with international energy companies to raise production to 12 million barrels per day by 2017.
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