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Iraq builds a new oil platform to increase export capacity
May 29, 2021
Iraq builds a new oil platform to increase export capacity
May 29, 2021
The Iraqi official expected the project to be completed this year
Ultra Iraq - Editorial Team
The General Company for Ports revealed the construction of a new oil berth in Basra, funded by Japan, to boost exports and raise the volume of financial revenues.
Farhan Fartousi, general manager of the General Company for Ports in Iraq, told The [You must be registered and logged in to see this link.] , “The construction work inside the Khair Al-Zubair port - the main facility for exporting and importing fuel in Iraq - has been more than 70% complete and should be completed this year.”
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The US agency stated that the project is the latest at the level of Iraqi ports, in the wake of government plans announced last year to crack down on border corruption.
Al-Fartousi explained that Khor Al-Zubair, "now brings in 10 billion Iraqi dinars per month (about 6.8 million dollars), which is a big jump from 8 billion Iraqi dinars in the previous month of this year (about 5.4 million dollars)."
He explained, "The new platform is funded by the Japanese International Cooperation Agency and will be equipped with modern equipment and rapid pumping and unloading operations that will enable more ships to enter," noting that the project includes a private oil berth with all modern additions, including a pumping station able to withstand pressures. High.
For his part, Haider Fakher, director of the Khair Al-Zubair Port, said that construction work is underway around the clock to complete the berth.
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