Iraq .. the project of establishing a floating oil island

Iraq .. the project of establishing a floating oil island

Announced South Oil Company, a county-based Basra Iraq, its intention to establish a floating oil island off the coast of the city of Faw to add an export capacity of up to two million barrels per day.
The Director General of the Basra Oil Company Ihsan Abdul-Jabbar said yesterday that the company’s competent committee to discuss the establishment of the project, and that many companies submitted for the establishment of the investment system.
He added that the project will provide multiple services to the oil sector, including anchoring and launching oil tankers and storage and provide accommodation for staff working in oil ports, and the provision of warehouses and warehouses for marine parts and maintenance.
It produces Iraq Currently has about 4.5 million barrels of oil per day, of which 3.2 million are exported, while seeking to increase production above five million.

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