By John Lee.
Iraq's Deputy Oil Minister, Fayadh Al-Nema [Fayyad Al-Nima], has opened three new oil storage tanks near Basra, to help cope with the export bottlenecks caused by bad weather and to accommodate rising production.
The new facility will bring crude-storage capacity from 9.5 million to 10.5 million barrels.
The minister told reports that another four to five million barrels capacity will be added by the end of this year.
(Sources: Reuters, Bloomberg)
(Oil tanks image via Shutterstock)
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IraqMonitor 20th February 2015 at 13:58 #
#Iraq Business News: Iraq to Boost Oil Storage http://t.co/mbS9Fw2flj
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DTNIraq 20th February 2015 at 13:58 #
DTN Iraq: Iraq to Boost Oil Storage: By John Lee. Iraq’s Deputy Oil Minister, Fayadh Al-Nema [Fayyad Al-Nima],... http://t.co/MlQZNIKeba
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MENewsFeed 20th February 2015 at 13:59 #
Iraq to Boost Oil Storage: By John Lee. Iraq’s Deputy Oil Minister, Fayadh Al-Nema [Fayyad Al-Nima], has... http://t.co/Px9IJ224WI #Iraq
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JT_Iraq_News 20th February 2015 at 14:16 #
Iraq to Boost Oil Storage: By John Lee. Iraq’s Deputy Oil Minister, Fayadh Al-Nema [Fayyad Al-Nima], has opene... http://t.co/VHAoiGPzza
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dliraq 20th February 2015 at 14:16 #
Iraq to Boost Oil Storage: By John Lee. Iraq’s Deputy Oil Minister, Fayadh Al-Nema [Fayyad Al-Nima], has opene... http://t.co/7CwSzkGIzg
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iraqsolidarity 20th February 2015 at 23:31 #
Iraq to Boost Oil Storage http://t.co/hBaTIPcHvN
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IraqDaily 22nd February 2015 at 09:30 #
#Iraq to Boost Oil Storage http://t.co/wbjrmJfj4O