Iraq seeks to increase the storage capacity of 20 million barrels of crude oil by 2026
2:01 - 08/12/2018
Baghdad - Mawazine News
The Ministry of Oil announced on Saturday that it aims to increase storage capacity by 20 million barrels of crude oil in 2026.
The director general of the Basra Petroleum Company Ihsan Abdul-Jabbar said in a press statement quoted by the official newspaper "Al-Sabah" and "Mawazine News" that his company "has developed a program to develop its export capabilities until 2025 to accommodate the volume of crude oil production for the fields of Basra and southern provinces."
"The program will double the capacity of Basra platforms and ports to export crude oil by 100 percent to 6 million barrels per day of energy, instead of the current capacity of three million and 500 thousand barrels per day," Abdul Jabbar said.
He stressed that "there is a parallel plan to increase the capacity of storage capacity up to 20 million barrels of crude oil during the year 2026 to ensure the ability to manage the quantities of oil produced from the center and south of the country and that will develop sustainable development."