Results 1 to 4 of 4

Thread: Iraq opens a new port for oil export capacity by 3.3 million barrels per day

  1. #1
    Join Date
    Jul 2004
    Location
    Lexington, KY
    Posts
    451

    Default Iraq opens a new port for oil export capacity by 3.3 million barrels per day

    (AKnews) http://www.aknews.com/ar/aknews/2/289494/

    Basra, February 12 (Rn) - Iraq on Sunday opened a new port for the export of crude oil in the province of Basra, south of the country aims to increase export capacity by about 3.3 million barrels a day. It was scheduled to open the port in January but the date was postponed to the end of the pipe joints and testing of terrestrial and marine sectors. 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. Said the spokesman of the Ministry of Oil, Assem Jihad told the Kurdish news agency (Rn) that "Prime Minister Nuri al-Maliki today opened a new port to export oil in Basra to increase the export potential of the oil ports of Basra." He explained that "the project aims to increase export is estimated at (3.3) million barrels per day from the ports of Basra It comes in a plan that includes other projects to increase oil exports." Jihad said that "there are other projects being implemented for the purpose of lifting oil exports to five million barrels per day in the forefront of the creation of five new floating ports and (16) oil reservoirs." And "Reuters" quotes the President of the Iraqi Southern Oil Company Jafar government said the country's oil exports will increase 300 thousand barrels per day once you start exporting crude from the port within ten days. It is scheduled to direct download from the download port in the next week to ten days once it has completed the final tests. Iraq produces about three million barrels of oil per day, while exports amounted to last year's 2.165 million barrels per day on average is expected that the volume of exports this year, 2.5 million barrels per day, on average, according to government data. And operating in Basra, ten companies of international oil companies, most notably Italy's Eni in the west of Basra, Lukoil, Shell, Mobil and X in areas north of Basra, as well as five companies specialized in the field of gas investment. The province of Basra (550 km south of Baghdad) center the oil industry in Iraq, holding two-thirds of oil reserves in the country's (143) billion barrels. The Basra's oil exports (1.9) million barrels per day of total crude oil exports, also includes four giant fields to extract the gas from six fields of Iraq. From: Ammar Saleh.
    Can't understand normal thinking

  2. #2
    Join Date
    Aug 2006
    Posts
    679

    Default

    One of the first pieces of information that reported they were producing 3 million barrels a day. For FYI past reports have stated they consume about 1/2 million barrels a day.

  3. #3
    Join Date
    Jun 2005
    Posts
    7,170

    Default

    Quote Originally Posted by WCKDinar View Post
    One of the first pieces of information that reported they were producing 3 million barrels a day. For FYI past reports have stated they consume about 1/2 million barrels a day.
    "to increase export capacity by about 3.3 million barrels a day" This concerns capacity or the amount that can be exported through the port, not the amount of increased export. It will be a while before they actualy export 3 million barrels a day. Capacity is not production.
    Get a free first class world education here. http://www.khanacademy.org/

    We are all born ignorant, but one must work hard to remain stupid. - by Franklin, Benjamin.

  4. #4
    Join Date
    Jul 2004
    Location
    Lexington, KY
    Posts
    451

    Default

    Quote Originally Posted by Screaming Eagle View Post
    "to increase export capacity by about 3.3 million barrels a day" This concerns capacity or the amount that can be exported through the port, not the amount of increased export. It will be a while before they actualy export 3 million barrels a day. Capacity is not production.
    Correct as usual SE, there are 4 more floating stations in the works this "one" will not allow 3+mbpd. All 5 pumping stations will not be finished until close to 2013, which in Iraq terms means 2014 or later.

    This article just says that they finished one that should have been finished last year... still good news though. This one should support an extra 500,000 to 800,000 BPD.
    Can't understand normal thinking

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •