By John Lee. Iraq's National Investment Commission (NIC) has included six rail projects in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: New railway line (Baghdad-Kut-Umara-Basra) and branch line (Kut-Nasriya-Shuaiba-UmQasr) Length: 910km Number of lines: dual […]
By John Lee. Iraq's National Investment Commission (NIC) has included five oil storage facilities in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: Bin Omar field for crude oil in Basra Province, with a design capacity […]
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 […]
By John Lee. Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] has announced a plan to build new oil storage tanks to help smooth oil production during bad weather. Iraq's exports were restricted in January due to bad weather in the Gulf. (Source: AIN) (Oil tanks image via Shutterstock)
The State Compamy for Oil Projects (SCOP), part of the Ministry of Oil, has reportedly completed construction of 18 storage tanks at the Najaf refinery, with a total capacity of 51 million liters. The Media director of Najaf refinery, Ahmed Razg, told AIN: "The cost of the project was IQD 21 billion [$18 million], bringing […]
A leading Iraqi energy adviser says the country may need to invest in as many as 120 crude oil tanks, each with a capacity of half a million barrels. Speaking at CWC‘s Iraq Petroleum 2012 conference in London, Dr Mussab al Dujayli, a former Director General of Iraq's State Oil Marketing Organization (SOMO), said that […]
A delegation from the Ministry of Industry paid a visit to the headquarters of Italian company Paresa on Wednesday to discuss the building of eight oil tanks for the South Oil Company. According to Aswat al-Iraq, each tank will have a capacity of 58,000 'cubic liters' (sic); we believe this should read 'cubic meters'. (Source: […]
