Aug 12 2014
By Bassem al-Rikabi
Azzaman, August 12, 2014
PetroChina has completed the construction of a new pipeline capable of carrying 1 million barrels a day from the Province of Missan to Iraq’s southern terminals, according to Missan governor Ali Lazem.
Lazem said the pipeline, which extends for 272 kilometers, will serve the surge in output that is expected from some giant oil fields that are under development in Missan.
Missan output has surged to 250,000 barrels a day but as new oilfields come on stream the province’s production is expected to hit 1 million barrels per day.
Missan is emerging as a major oil center in the country, adding substantially to its oil output and turning Iraq into OPEC’s second largest producer.
The rise in output is good news to the impoverished province, which is entitled to $2 from each barrel its lucrative oil fields churn out.
Iraqi oil output and exports have not been affected by the upsurge in violence in northern and western swathes which militants of the Islamic State (IS), formerly ISIS, have occupied.
Nearly 90% of Iraq’s oil output originates in the southern fields of Basra.