Iraq To Revamp Basra Port As It Launches Heavy Grade

Iraq’s oil ministry has shortlisted three international contracting companies for the rehabilitation of the Basra Oil Terminal, which handles more than 85% of current oil exports. The state-owned South Oil Company has also reportedly selected China’s CNPC to help develop the Nahr bin Umar field with an award of a technical services contract said to be imminent, MEES understands.

Montreal-based SNC Lavalin, and the UK headquartered duo of Foster Wheeler and Mott Macdonald have qualified for the long overdue project to revamp the Basra Oil Terminal (BOT), which is reported to be in a state of disrepair. The work will also involve the addition of two Single Point Mooring (SPM) berths, which would expand loading capacity from the port. Iraqi oil ministry officials have said that the Basra and Khor al-Amaya oil terminals would have to be rehabilitated after years of neglect due to wars and sanctions. Some work has already been completed with Japanese financial assistance. (CONTINUED - 1522 WORDS)

DATA INSIDE THIS ARTICLE

table Basra Heavy Crude Composition
table Basra Heavy Straight-Run Cuts