Gulf Oil and Gas accountACCOUNT

Basra is Going to Resume Export Soon

Source: Reuters 2/14/2006, Location: Middle East

Share |
Tankers waiting to load at Iraq's southern Basra oil terminal are facing delays of at least a week due to a backlog of vessels waiting to berth. Operations at the terminal were disrupted for much of last week after poor weather conditions halted loadings. There are currently 7 tankers in anchorage waiting to berth and commence loading operations, a port agent said.

A total of 12 vessels are expected to load about 18.7 million barrels of crude oil over the next 15 days, he said. The current flow rate at the terminal is at 70,000 barrels per hour.

The terminal has been trying to clear a backlog of oil exports caused by months of power cuts, insufficient storage and bad weather.

Iraqi crude oil exports fell in December to 1.08 million barrels per day (bpd), the lowest level since the U.S.-led invasion in March 2003. They rose marginally to 1.11 million bpd in January, according to data compiled by Reuters.

Iraq has also recently pledged to supply 1.57 million bpd of Basra Light crude oil for the first half of this year.

Earlier this week, Iraq's Deputy Prime Minister Ahmad Chalabi said the country was committed to meeting its export target as it implemented new security measures to protect the Iraq-Turkey pipeline.

Tankers News in Iraq >>

United Arab Emirates >>  11/11/2018 - On behalf of the Abu Dhabi government, the Abu Dhabi National Oil Company (ADNOC) has signed an agreement with French oil and gas major Total, grantin...
Saudi Arabia >>  11/7/2018 - WorleyParsons has been awarded a five-year framework agreement by Saudi Basic Industries Corporation (SABIC), for the provision of engineering, procur...

Israel >>  11/4/2018 - Israel announces the launching of its second bid round to grant exploration licenses for natural gas and oil in Israelís economic waters in the Easter...
United Arab Emirates >>  11/4/2018 - Abu Dhabiís Supreme Petroleum Council (SPC) approved the Abu Dhabi National Oil Companyís (ADNOC) new integrated gas strategy and plans to increase it...

Saudi Arabia >>  10/23/2018 - At the highly impactful Future Investment Initiative (FII) forum in Riyadh, Saudi Aramco signed 15 Memoranda of Understanding (MoUs) and strategic an...
Saudi Arabia >>  10/22/2018 - Seabed Geosolutions (Seabed) and its partner have been awarded a 3D ocean bottom node survey in the Red Sea. The S-79 project will require the acquisi...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |

More News


Oil & Gas Companies in Iraq >>

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.