Swiss Company Reveals Oil Storage Plans in Basra

Dome International has met the chairman of Basra Investment Commission (BIC) to discuss the possibility of constructing warehouses for oil derivatives in Basra.

The director of the company, Amen Jaffer, said, "the preliminary study of the project includes the construction of oil warehouses near Khor Al-Zubair port on an area of 40 acres with an investment cost of 250 million dollars [300 billion Iraqi dinars]".

He added that,"the main headquarters of the company is in Switzerland and it has other branches in Netherlands, U.K. and Dubai".

The chairman of BIC asked the company to present an integrated study for the project to complete the required procedures to get a licence.

(Source: Basra Investment Commission)

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