Oil Ministry initiated the establishment of a new port for export and seeking to develop a network of pipes with Syria and Turkey

Oil export terminal in Basra

Alsumaria News / Baghdad

Announced that the Iraqi Oil Ministry, said Saturday that it intends to open new export outlets and the revival of the old ports of export, as confirmed Oil Marketing Organization "Sumo" that Iraq has contracted with Russia to create a floating port in the Arabian Gulf.

He said Oil Minister Hussain al-Shahristani said in an interview for "Alsumaria News", that "the ministry has started to establish a new export terminal, floating next to the ports of Basra and Khor al-Amaya, upon which Iraq is currently exporting crude oil through the Arabian Gulf", stating that "The ministry is seeking to develop the pipeline network that stretches from north to south of Iraq."

Shahristani said that "Iraq is also seeking to develop and rehabilitate the Iraqi-Syrian pipeline, and the extension of another pipeline through a new Syrian territory, as well as seeking to extend another pipe next to the current Turkish pipeline", stating that "Iraq will reach the production of more than ten million barrels per day after the development of oil fields, would leave Iraq in a definite need to open new outlets for the export of Iraqi oil to the outside. "

Iraq has agreed with Russia in oil 15 May last year, to rehabilitate the oil pipeline between Kirkuk and Syria's Banias on the Mediterranean, after he stopped work for more than 28 years, due to opposition from Syria to Iraq-Iran war.

The Minister of Oil that the effort "the main export to Iraq, will remain a port south through the Gulf, and were considered Iraqi ports and ports and has a preference in that, in addition to the large fields that had been contracted to develop mostly in the southern region."

Iraq is seeking through the development of oil fields in the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day within the next six years, to 12 million barrels per day after the addition of the quantities of the other fields by national effort.

For his part, President of the State Oil Marketing Organization "Sumo" that "Iraq has contracted with a company to create a European port floating in the Arabian Gulf has three berths for the transfer of crude oil to the outside."

The Ameri said in an interview for "Alsumaria News", that "the sidewalks, which will hopefully be completed during the year 2010 with a capacity of pavement 500 thousand barrels per day of crude oil."

Al-Ameri added that "the new port will be linked through the Iraqi export pipeline from Basra crude oil in preparation to start exporting oil through it."

It is noteworthy that Iraq is exporting crude oil from the ports of Basra and Khor al-Amaya on the Arabian Gulf, as well as the Turkish port of Ceyhan on the Mediterranean, to be exported by truck tanker to Jordan.

The percentage of Iraqi exports from the Basra oil 90%, while the remaining issue of Kirkuk.

Iraq currently produces about two million and 500 thousand barrels of crude oil per day.

Alsumaria news