I hope that none of this oil is going to China.The U.S. Army Corps of Engineers invested $67.5 million to rehabilitate the export facility 50 km offshore in the Arabian Gulf. Currently, one and a half million barrels of crude oil a day leave Iraq via tankers on-loading at ABOT. That volume is roughly half of the terminal loading capacity of 3 million barrels per day achieved with the upgrade.
Al Basrah oil terminal renovation project nears completion
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Stephen Eisel
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Al Basrah oil terminal renovation project nears completion
oil (clicky)