As Iraqi production grows, export bottlenecks loom
Iraq's OPEC cuts have masked a key problem: export capacity isn't keeping pace with production gains, and many solutions are years away.
Two tankers load crude at the al-Basra Oil Terminal (ABOT) on June 19, 2019. (JASSIM AL-JABIRI/Iraq Oil Report)
THE BASRA GULF - As Iraq seeks to build market share globally and within OPEC, its most pressing technical challenge is not developing oil fields -- it's the problem of export bottlenecks.
Iraq Oil Report recently toured the Basra Gulf terminals responsible for 84 percent of nationwide oil exports, where the Oil Ministry is focused on two major sets of infrastructure projects -- onshore pumping stations and new subsea pipelines -- that could together unlock hundreds of thousands of barrels per day of latent production capacity.
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