Iraq, OPEC’s second-largest producer, plans to boost the capacity of its southern oil export facilities by 72% to 6 million b/d after 2023 and wants to build storage tanks to help reach that target, a deputy oil minister said Dec. 26 Receive daily email alerts, subscriber notes & personalize your experience. Register Now Iraq will construct 24 storage tanks with a capacity of 58,000 cu m to help ramp up its southern export capacity from 3.5 million b/d now, Karim Hattab said in an oil ministry statement. The country is forging ahead with plans to boost its crude production capacity to 7 million b/d by 2027, oil minister Ihsan Ismaael said Oct. 20. Iraq pumped 3.8 million […]