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Oil: plans to increase Iraq's export capacity to 6 million barrels per day
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The Ministry of Oil confirmed, on Sunday, that there are plans to increase Iraq's export capacity to 6 million barrels per day, and while the quantities of oil exported through the southern ports were determined and their maximum daily capacity, it revealed the quantities of oil exported monthly through the Kirkuk fields.
"In the latest statistics, the ministry recorded the export of more than 3 million barrels of oil per day through the ports of the south and the Turkish port of Ceyhan," said the ministry’s spokesman, Asim Jihad, in an interview with the Iraqi News Agency and followed by Al-Iktissad News. Southern ports exceed 4 million barrels per day. "
He added, "The Oil Ministry is currently planning to have the export capacity in the southern Iraqi ports up to 6 million barrels per day by 2023," indicating that "the export of oil from the Turkish port of Ceyhan in the Kirkuk governorate amounts to about 3 million barrels per month."
Jihad pointed out that "the rates of oil exports from the south currently exceed 3 million barrels per day, while work is being done to increase the export and storage capacity of oil in the southern ports to create high flexibility in oil export operations."
He confirmed, "There are projects planned by the Ministry of Oil related to the export energy of oil," noting that "the Oil Projects Company is currently working on establishing 24 tanks to increase the treasury capacity."
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