Iraq plans to build a new offshore oil terminal in Basra, in addition to reviving the existing facilities, a former official says.
Former Iraqi Oil Minister, Thamir Ghadhban told MEED that the country is considering several options as part of an assessment program of the country's energy infrastructure in Basra province.
"We have a plan to rehabilitate the existing facilities and also expand," Ghadhban said. "By carrying out these plans, we will have more than enough capacity to serve the country."
Iraq tries to revive its oil and gas industry and build new oil refineries as well as improving its ageing infrastructure.
Iraq produces 2.5 million barrels of oil per day, most of which is exported.
The country has the world's third-largest known oil reserves, but war, regular sabotage attacks by insurgents and old infrastructure has created problems for the sector.
( Press TV )