Iraqi Marine Oil Terminal to be Ready 25th Jan

The first of four new single-point mooring facilities will be ready to commence operations on Jan. 25, according to a report from Bloomberg.

If correct, this would be a pull-forward of the schedule reported by Reuters on 4th Jan.

Dhia Jaafar, director general of South Oil Company, said the project involves laying pipelines, building eight storage tanks and three other mooring facilities.

Each of the four facilities will add 900,000 bpd to the country's capacity to export crude oil, Hussain al- Shahristani, deputy prime minister for energy affairs, said last month.

(Source: Bloomberg)

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