Iraq Opens 3rd Loading Dock to Elevate the Gas Investment to 1300 MSCF

Source: www.gulfoilandgas.com 7/20/2017, Location: Middle East

Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil opened the 3rd loading dock in the exportation terminal in Um-Qasr port. Mr. Al- said that the accomplishment of this project represents a significant part in the path of exporting the gas products of condensed gas & liquefied gas.

Mr. Al-Luiebi confirmed the keenness of the ministry of oil to execute its plans to achieve the best investment for the associated gas to cover the local needs and raise the exportation of the surplus liquefied gas and condensed gas.

Mr. Al-Luiebi said that the gas investment will witness a quantum leap within the end of 2017 to reach (1300) MSCF/ day. In addition to the plans of the ministry to elevate the exportation level of condensed gas to (50.000) and the liquefied gas to (5000) tons, which will raise the Iraqi financial outcome.

He said also that the construction of the loading dock will relief the jam of the oil importation & exportation tankers. He also and ordered to make a plan to program the movement of the tanker ships in the way of exportation and importation, In addition to the development of 4 docks in Faw port to receive and pump the oil products which will be imported, in order to maintain a smooth flow of oil products and relief the jam in the docks of the port.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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