Oil exports will exceed 5 million barrels per day in 2025
The first 10/09/2023
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Baghdad: Saad Al-Sammak
Basra Oil Company expected that export capacity during the year 2025 would exceed 5 million barrels per day.
The expectations came after the Council of Ministers approved last July to allocate $416.9 million to establish the third marine export pipeline and transfer it to the Basra Oil Company.
The Basra Oil Company contracted with the Dutch company Royal Boskalis to build the pipeline, which has an operational capacity of two million barrels per day, and an implementation period of 400 minutes.
The Director General of the Basra Oil Company, Bassem Abdul Karim Al-Shamkhani, told Al-Sabah: “The new third sea export project will strengthen Iraq’s leadership position in the global market,” expecting that “the export capacity of Iraqi oil will reach more than 5 million barrels per day within the year 2025.” ".
He added that his company plans to gradually double and develop crude oil production in licensing fields and government efforts in 2024, noting that the rate of crude oil export through Basra oil ports has reached more than 3 million and 500 thousand barrels per day.
In the latest statistics published by the Ministry of Oil, “the total quantities of crude oil exported for the month of September from the oil fields in central and southern Iraq amounted to about 102 million barrels, while the quantities exported to Jordan amounted to about 450 thousand barrels, while exports from the Qayyarah field were 473 thousand.” barrel".
Edited by: Abdul Rahman Ibrahim
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