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Parliamentary Energy Committee: Al-Faw port will include 6 oil export berths with a capacity of 350,000 barrels per day
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Economy News / Baghdad
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Added 03/25/2023 - 2:02 PM
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Economy News / Baghdad
Today, Saturday, the Parliamentary Oil, Gas and Natural Resources Committee clarified the importance of the large port of Faw to the oil sector, while noting that the port contains 6 berths for oil export with a capacity of 230 thousand barrels per day.
Committee member Zainab Jumaa al-Moussawi told the Iraqi News Agency that "the large port of Faw will be able to accommodate larger cargo ships due to its depth, as it has a draft greater than the Suez Canal," pointing out that "the port will contain 6 berths for oil export with a capacity of 350 thousand barrels per day." And tanks for imports of petroleum products with a capacity of 300,000 cubic metres.
Al-Moussawi added, "Non-oil exports constitute only 4% of the Iraqi budget, and a diversification of income sources can be achieved through projects that exploit the geographical location of Iraq. These interrelated projects aim to be integrated," stressing that "there will be 99 berths in the port of Faw." This makes it the largest port in West Asia, surpassing the Jebel Ali port in the UAE, which has only 67 berths for containers.
Al-Moussawi added, "Non-oil exports constitute only 4% of the Iraqi budget, and a diversification of income sources can be achieved through projects that exploit the geographical location of Iraq. These interrelated projects aim to be integrated," stressing that "there will be 99 berths in the port of Faw." This makes it the largest port in West Asia, surpassing the Jebel Ali port in the UAE, which has only 67 berths for containers.
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Added 03/25/2023 - 2:02 PM
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