Sunday, March 20, 2011

Storage projects to accommodate 4 million barrels of crude oil

20/03/2011
BAGHDAD - morning 
Showed the Ministry of Oil, it plans to implement storage projects to accommodate four million of crude oil. 
A spokesman Assem Jihad, Oil Ministry's (Rn) "The Oil Ministry is planning to implement projects of storage and export are able to accommodate 4 million barrels of crude oil." 
 Jihad added that "The oil ministry is working to develop the system of export through the monument tanks up to 13 storage tanks, each tank capacity of 300 thousand barrels in addition to the monument four floating platforms across the sea up the capacity of each one of them to 900 thousand barrels." 
 He continued that "The oil ministry in cooperation with international oil companies for the first time in three decades, this system export of crude oil in the country." 
 He explained that "The oil ministry Stakhtzl development time of the system storage and export of four years to one year to use the time to raise Iraq's oil production over the coming years." Iraq has since the early eighties of the last century a wide array of export of crude oil with a capacity of Nominal 6.6 million barrels per day, including a double tube through Turkish territory to the Turkish port of Ceyhan on the card more than 1.6 million barrels. However, the system suffered damage and neglect by the long years of war and siege, which had a negative impact on energy exports.
Although the government predicted the arrival of its crude oil production to about 12 million barrels per day over the next five years, but experts have questioned the production and access to that goal, and said that
seven million barrels a day was a reasonable figure.

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