Basra Oil Company: Offshore pipeline project will raise export capacity to 6 million barrels

Baghdad-INA

Basra Oil Company determined Sunday the expected value of the offshore export pipelines project, while indicating that the offshore pipelines project will raise the export capacity to 6 million barrels per day.

 The Assistant Director-General for Plans and Budgets in the company, Ahmed Fadel Dehim, said in a statement to the Iraqi News Agency (INA), that "the offshore export pipelines project is one of the strategic projects at the regional level to escalate the export capacity of crude oil in the southern ports from 3.5 million to 6 million in 2026.”

 He explained, "The project will include laying two offshore pipelines with a capacity of 48 inches, and rehabilitating the ports of Basra and Al-Amaya, in addition to building a marine platform for the requirements of flexibility in the export of types of oil and the work of measuring devices."

 He added, "The company is now in the process of preparing offers for major international companies," stressing that "the company is awaiting approval of the project in the budget, and the expected value of the project is approximately one billion dollars."