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[size=36]Iraq signs a memorandum of principles for the establishment of the island industrial territorial waters with a Dutch company[/size]
Economy | 01:21 - 16/09/2019
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BAGHDAD -
The Oil Ministry announced on Monday that the Basra Oil Company signed a memorandum of principles for the establishment of the industrial island in the territorial waters with a Dutch company.
The Deputy Prime Minister for Energy and Oil Minister Thamer Abbas Ghadhban, in a statement received / Mawazine News / copy, "Iraq's keenness to develop its export capabilities through the implementation of projects to increase export capacity from southern outlets, came during his patronage of the signing ceremony of the memorandum of principles for the establishment Industrial Island between the Basra Oil Company and the company "Boskalis" Dutch.
Ghadhban said, "The ministry, after obtaining the approval of the Council of Ministers is working on the implementation of the project to establish an industrial island in the territorial waters in the Gulf, aimed at increasing Iraq's export and treasury capacity, and is one of the most promising projects in the oil sector."
He pointed out that "the signing of the memorandum of principles for the establishment of the industrial island with the Dutch company Boskalis comes to add a storage capacity of more than 6 million barrels per day, in addition to the export capacity of 3 million barrels per day to the current export capacity," pointing out that "the project is a vital projects The strategy implemented by the Ministry of Oil to develop the national economy and increase the financial revenues of the federal treasury. "
For his part, said the Director General of the Basra Oil Company Ihsan Abdul Jabbar that "the establishment of the industrial island will give a qualitative leap and great flexibility in future export capacities from the south, especially as the production of the Basra Oil Company is rising steadily, and therefore we are working to keep pace with the expected increase in production and export operations" .
For his part, the Dutch ambassador to Baghdad (Eric Stratenk) that "his country's companies want to develop and strengthen relations with Iraq in all areas, especially in the field of energy, and this celebration comes to strengthen cooperation between the two friendly countries."
For his part, the representative of the company (Ko de Blaeij) expressed his happiness to cooperate again with Iraq, and the company will prepare detailed studies for the project to establish the island within one year and then start the implementation of the work, which takes two years, and thus the duration of the planned implementation of the project 3 years. She has been working in Iraq for more than three decades.
"The industrial island in the territorial waters will give Iraq a high flexibility in the process of exporting and loading oil tankers, as well as raising the storage and export capacity of the southern ports, where the storage capacity of crude oil will be added more than 6 million barrels per day," ministry spokesman Assem Jihad said. Exporting 3 million barrels per day from the southern ports. "
He pointed out, "The project includes the construction of an integrated industrial island and the construction of a breakwater anchorage and the construction of two offshore pipelines and the establishment of 4 loading berths with a residential complex and other service facilities."
The Oil Ministry announced on Monday that the Basra Oil Company signed a memorandum of principles for the establishment of the industrial island in the territorial waters with a Dutch company.
The Deputy Prime Minister for Energy and Oil Minister Thamer Abbas Ghadhban, in a statement received / Mawazine News / copy, "Iraq's keenness to develop its export capabilities through the implementation of projects to increase export capacity from southern outlets, came during his patronage of the signing ceremony of the memorandum of principles for the establishment Industrial Island between the Basra Oil Company and the company "Boskalis" Dutch.
Ghadhban said, "The ministry, after obtaining the approval of the Council of Ministers is working on the implementation of the project to establish an industrial island in the territorial waters in the Gulf, aimed at increasing Iraq's export and treasury capacity, and is one of the most promising projects in the oil sector."
He pointed out that "the signing of the memorandum of principles for the establishment of the industrial island with the Dutch company Boskalis comes to add a storage capacity of more than 6 million barrels per day, in addition to the export capacity of 3 million barrels per day to the current export capacity," pointing out that "the project is a vital projects The strategy implemented by the Ministry of Oil to develop the national economy and increase the financial revenues of the federal treasury. "
For his part, said the Director General of the Basra Oil Company Ihsan Abdul Jabbar that "the establishment of the industrial island will give a qualitative leap and great flexibility in future export capacities from the south, especially as the production of the Basra Oil Company is rising steadily, and therefore we are working to keep pace with the expected increase in production and export operations" .
For his part, the Dutch ambassador to Baghdad (Eric Stratenk) that "his country's companies want to develop and strengthen relations with Iraq in all areas, especially in the field of energy, and this celebration comes to strengthen cooperation between the two friendly countries."
For his part, the representative of the company (Ko de Blaeij) expressed his happiness to cooperate again with Iraq, and the company will prepare detailed studies for the project to establish the island within one year and then start the implementation of the work, which takes two years, and thus the duration of the planned implementation of the project 3 years. She has been working in Iraq for more than three decades.
"The industrial island in the territorial waters will give Iraq a high flexibility in the process of exporting and loading oil tankers, as well as raising the storage and export capacity of the southern ports, where the storage capacity of crude oil will be added more than 6 million barrels per day," ministry spokesman Assem Jihad said. Exporting 3 million barrels per day from the southern ports. "
He pointed out, "The project includes the construction of an integrated industrial island and the construction of a breakwater anchorage and the construction of two offshore pipelines and the establishment of 4 loading berths with a residential complex and other service facilities."
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