Iraq Adds Southern Storage Capacity In Bid To Ease Export Bottlenecks

Iraq is laying the groundwork for an increase in crude exports with the expansion of southern storage. Further work will allow for segregated Basrah Light and Heavy crude streams.

Iraq’s southern oil storage capacity has risen above 10.5mn barrels with the addition of three new storage tanks with total capacity of 1mn barrels, the oil ministry says. The tanks are located at the Rumaila and Tuba tank farms and...