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3:39 AM ADMIN
Basra/ Iraq TradeLink: Iraqi South Oil Company announced the completion of building of six oil storage tanks to cover the needs of increasing oil production in the country.
In a statement, the Company said that the new storage tanks aimed at avoiding any delay in loading the exported oil or the weather conditions at the ports.
Iraq used to minimize oil production due to the weakness of its storage system.
The storage capacity of the six tanks reached to 97.500 cubic meters, or equivalent to 610.000 barrels of oil.
This figure constitutes 40% of daily production Rumaila oilfield, the statement added.
Basra is the center of Iraqi oil industry, which contains one of the biggest oilfields in the world.