Iraq agreed with a British company to build a new oil terminal

Iraq agreed with a British company to build a new oil terminal in May 1, 2013 · Posted in Central Bank or Iraq, Economic News Iraq agreed with a British company to build a new oil terminal in Basra Twilight News / signed oil company BP, the British signed an agreement with Iraq to build a new oil terminal in the port of Khor Al-Zubair in southern Iraq. Iraq straining to open new export outlets to keep up with the plans and promising to increase its oil production of about 3 million barrels, to between 6 and 8 million barrels by 2017. A spokesman for the General Company for Ports of Iraq Tigers net, in an interview seen by “Twilight News”, “The company signed a five-year contract with BP to build the port of New replace the port run-down, and that the BBC has received an official site.” The net that “BP will help Iraq build a marina developed to receive shipments of refined petroleum products, and also the export of products in the future,” noting that “the British company will pay about $ 7 for each cubic meter of refined products to be imported and exported through this port” . Iraq relies on imports to meet the demand for petroleum products such as gasoline, with the face of مصافيه oil problems, and in 2009 signed ABB Inc. CNBC Chinese service contract with Iraq to develop the Rumaila field, which is estimated reserves of about 17 billion barrels and currently produces 1.35 million barrels per day. shafaaq.com