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Iraq plans to store 4 million barrels of crude oil in South Korea

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Iraq plans to store 4 million barrels of crude oil in South Korea

Unread postby admin » Wed Sep 11, 2013 9:03 am

Iraq plans to store 4 million barrels of crude oil in South Korea

Wednesday, September 11 / September 2013 16:04

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[Baghdad - where]

The Oil Ministry announced on Wednesday Iraq's intention to store 4 million barrels of crude oil in South Korea.

He said Oil Minister Abdul Karim and coffee to reporters, ahead of a meeting of oil ministers Asians in the Korean capital, that "Iraq plans to store four million barrels of crude oil in South Korea in order to be close to the Asian markets."

He added that "Iraq is expected to export 2.6 million barrels of oil per day in the month of October of the current year is expected to reach oil exports from Basra between 2.3 and 2.4 million barrels per day next month."

Detection and oil minister "to reach an agreement with BP [BP] to develop the Kirkuk oil field."

The Oil Minister Abdul Karim and coffee had announced earlier today that Iraq is currently issued two and a half million barrels of crude oil per day, a level close to the size of Iraqi exports in August last year. "

Iraq's exports have increased recently due to increased oil exports from the southern oil fields, which helped Iraq get closer to the target level at the end of this year.

The oil imports about 95% of Iraq's budget, but so far no country's law regulating its affairs after the failure of the House of Representatives Bdortih past and present to pass the oil and gas law, which was expected to rise oil situation in the event of approval. Ended.

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