Iraqi Southern Oil: our exports will reach 4 million barrels a half million middle of next year
June 21st, 2011 07:30 am
Basra, June 21 (Rn) – The director of the Southern Oil Company said on Tuesday that Iraq’s exports of crude oil for the Southern District will be 4 million and a half million barrels per day by mid-2012, noting that his company seeks to increase this figure to 6 million barrels a day in the near future.
The cupper said Jafar told the Kurdish news agency (Rn) announced today that “the Southern Oil Company has embarked on an ambitious project to enter Iraq agreed to a new economic”.
“The project includes construction of three single-floats in the city of FAO, it is hoped that this project be completed once in the middle of next year 2012.”
The cupper said that “the first buoy, which will be completed this year will increase the proportion of oil export ports in the equivalent of 900 thousand barrels a day.”
He continued that “the end of the building with the remaining two buoys in the middle of 2012, will elevate the possibility of Iraq’s exports through the southern ports to 4 million and a half million barrels a day.”
The cupper said that “the Southern Oil Company is seeking to increase this figure to 6 million barrels per day in the near future by relying on the national effort.”
He said the “company is seeking to improve performance through the oil port of Basra and the completion of the project loan, to achieve a gain of 6 million barrels of oil exports from the South and this is not difficult.”
Cupper and noted that “the priorities of the Southern Oil Company is currently focused on continuing to increase production through national effort by our stations in the areas of southern Iraq.”
He stressed that “the biggest challenge facing the Southern Oil Company and the Ministry of Oil is generally projects to increase export capacity, and this Manhaol achieved in the near future.”
The Southern Oil Company, based in the province of Basra, the largest NGO in Iraq, employing at least 19 thousand employees are distributed to dozens of oil fields and installations.
The company was founded in June 16, 1969, and has evolved dramatically during the seventies, bringing its production to 2.75 million barrels a day, but many of its facilities and warehouses exposed to destruction during the Iran-Iraq war (1980-1988), also contributed to the second Gulf War in 1991 in the destruction of more of them, either in 2003 has been the majority of their locations to the looting and destruction affected some (80-90%) of its facilities so that did not exceed its production of crude oil during the second half of 2003, the 150 thousand barrels per day, to the advancement of the company that re-re- and was able to recover gradually over the past few years.
The total exports of Iraqi crude oil is currently about 2.1 million barrels per day, and most of those quantities exported by tankers, through the ports of Basra and al-Amaya floating, and are located within Iraqi territorial waters and pumped to two oil through tubes freely related to warehouses storing coastal town near the center of Faw, about 100 km south of Basra, while the issue of the quantities produced from the northern fields to the Turkish port of Ceyhan on the Mediterranean Sea through a pipeline carrier, and the remaining quantities are exported to Jordan using the vector pelvic.
