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Iraq to quadruple Al-Amaya terminal capacity - News network
13 June 2017
Iraq is planning to quadruple the capacity of Al-Amaya oil terminal in its Southern Basra governorate as part of an ongoing development programme, a news network said on Monday.
The state-owned Basra Oil Company (formerly South Oil Co.) is undertaking the project to lift the present capacity of around 250,000 barrels per day (bpd) to more than one million bpd, Al-Forat News said.
The project includes the construction of new pipelines, pump stations and storage tanks with a capacity of more than 600,000 cubic metres, it said, quoting Karim Hattab, Undersecretary with Iraq's Oil Ministry.
"The project eventually aims to expand the terminal's export capacity to more than one million bpd in the next few years as part of a programme to boost export and storage capabilities in the South," he said without providing further details.
Iraq, a founding OPEC member, currently produces around 3.5 million bpd of which nearly 3 million bpd are exported. Its proven crude reserves are estimated at about 142 billion barrels.
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