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Home Terminal News

British Navy to protect Iraq oil terminals

October 20, 2009
in Terminal News
2 min read
British Navy to protect Iraq oil terminals
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Two months after the region saw a terminal upgrade deal, the British Navy has been drafted in to protect Iraq’s southern oil export terminals.

Iraq’s parliament signed an agreement allowing up to 100 British Royal Navy Trainers to return for up to a year to assist the nation in protecting its vital oil terminals.

Initially the British security pact failed to pass during parliamentary sessions in July because of opposition from some politicians, who reject any foreign troop presence in Iraq.

In August, Iraq’s South Oil let a project management contract to AOC Holdings subsidiary Japan Oil Engineering (JOE) for a front-end engineering and design (FEED) to restore and upgrade southern Iraq's Fao export oil terminal.

Under the contract valued at ¥3 billion (€22.2 million), JOE and Yachiyo Engineering will help South Oil design pipelines to connect a land-based oil storage facility with two sea-based shipping terminals 50 km off Basra in the Persian Gulf.

Most of Iraq's 2 million barrels a day of oil exports are shipped through the two oil terminals off Basra, where Iraq also faces problems with oil smugglers, and border disputes with Iran.

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About Tank Storage Magazine

Tank Storage Magazine is published by Easyfairs UK Ltd.

Tank Storage Magazine is the leading industry publication dedicated exclusively to the bulk liquid storage and terminal sector.

It has been delivering the latest news, developments, analysis, products and innovations for 15 years.

Published 7 times a year, the publication is read by CEOs, terminal managers, business development managers and senior engineers within the oil, gas and petrochemical market.

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