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[size=36]Iraq .. Enhancing the storage and export of crude oil[/size]
Economie| 02:48 - 27/04/2021
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BAGHDAD - Mawazine News
The Basra Oil Company has begun implementing plans to maintain, rehabilitate, and increase the capacities of the storage and export system at oil sites and ports, while confirming the continuation of understandings with the Kuwaiti side to invest in joint fields.
Meanwhile, the company drew contacts with its French counterpart, Total, to reach contractual understandings to implement four diverse mega projects.
The director of the company, Khaled Hamza Al-Shara, said, according to the official newspaper, that “the Ministry of Oil has started maintaining, rehabilitating and increasing the capacities of the storage and export system at the oil sites and ports to absorb the available quantities extracted from crude oil from the oil licensing fields in West Qurna, Rumaila, Zubayr, and the national effort, including the fields of Nahran Omar, Artawi and Lahis. "
He pointed out that "the rate of total crude oil exports for the month of April from the Basra oil ports is stable at two million and 700 thousand standard barrels per day."
Al-Shara added, "Oil production will continue at this declared level in accordance with ministerial instructions under the OPEC Plus agreement."
He explained that "the rate of crude oil production in the Basra fields currently touches 2 million and 570 thousand barrels," noting that "the recent agreement of OPEC imposed on member states a reduction rate to control the market balance, and the supply resulting from the increase in production and the collapse of global demand as a result of the repercussions of the Corona virus on the economies of the world." Producing and industrialized countries. "
The Basra Oil Company has begun implementing plans to maintain, rehabilitate, and increase the capacities of the storage and export system at oil sites and ports, while confirming the continuation of understandings with the Kuwaiti side to invest in joint fields.
Meanwhile, the company drew contacts with its French counterpart, Total, to reach contractual understandings to implement four diverse mega projects.
The director of the company, Khaled Hamza Al-Shara, said, according to the official newspaper, that “the Ministry of Oil has started maintaining, rehabilitating and increasing the capacities of the storage and export system at the oil sites and ports to absorb the available quantities extracted from crude oil from the oil licensing fields in West Qurna, Rumaila, Zubayr, and the national effort, including the fields of Nahran Omar, Artawi and Lahis. "
He pointed out that "the rate of total crude oil exports for the month of April from the Basra oil ports is stable at two million and 700 thousand standard barrels per day."
Al-Shara added, "Oil production will continue at this declared level in accordance with ministerial instructions under the OPEC Plus agreement."
He explained that "the rate of crude oil production in the Basra fields currently touches 2 million and 570 thousand barrels," noting that "the recent agreement of OPEC imposed on member states a reduction rate to control the market balance, and the supply resulting from the increase in production and the collapse of global demand as a result of the repercussions of the Corona virus on the economies of the world." Producing and industrialized countries. "
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