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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Delayed budget implementation threatens Iraq with losing export capacity estimated at two million ba

    Rocky
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    Delayed budget implementation threatens Iraq with losing export capacity estimated at two million ba Empty Delayed budget implementation threatens Iraq with losing export capacity estimated at two million ba

    Post by Rocky Mon 27 Nov 2023, 3:56 pm

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    [size=41]Delayed budget implementation threatens Iraq with losing export capacity estimated at two million barrels of oil per day[/size]

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    Although Iraq relies almost entirely on oil exports through the ports of Basra Governorate, its marine pipelines have suffered from neglect and lack of maintenance for decades. The Parliamentary Oil and Gas Committee has warned that Iraq will lose about two million barrels of its daily production if these pipelines are damaged.
    In this regard, a member of the Parliamentary Oil and Gas Committee, Bassem Al-Gharibawi, says, “The export system and marine pipelines in Basra Governorate are dilapidated,” noting that “the committee discussed the rehabilitation of crude oil export pipelines in Basra Governorate and the rehabilitation of the Al-Faw warehouse to maintain the quantity of oil exports.”
    He pointed out in a press interview seen by “Taqaddam” that “the crude oil export pipelines are very old and some of those pipelines are more than 50 years old and need rehabilitation, in addition to the marine pipelines that were built in 2011 and also need maintenance,” pointing out that “Funds for its rehabilitation and maintenance were included in the draft budget law for the current year within the Japanese loan, especially the financial allocations for the third marine pipeline, which will raise exports to 4 million barrels per day, and the operation of Khor Al-Amaya port, which will increase production to 500 thousand barrels.”
    Al-Gharibawi warned of “the delay in disbursing financial allocations to rehabilitate these pipelines, which could cause a loss of two million barrels per day of oil production in addition to severe environmental damage.”




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