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Iraq Plans To Build Oil Depots In Pakistan and China

Iraq is currently in talks with China and Pakistan in setting up oil depots for crude oil storage.

Iraq is currently in talks with officials from both the Chinese and Pakistani governments in building oil depots that will serve as crude oil storage facilities. 

This was revealed by Iraq's oil minister himself, Ihsan Abdul Jabbar in an interview with Shafaq News Agency. According to him there are real discussions with a Chinese private company and some Chinese government companies over building crude oil depots that will be jointly managed by both parties.

And as Pakistan is fast becoming an emerging market for Iraq, discussions are also ongoing over a similar project proposed by the Pakistani government as well as the entry of Basra oil to their market.

Abdul Jabbar also mentioned that they are planning on putting up more storage facilities on some other states that will serve Iraq's interests in marketing its oil. 

Iraq's oil exports go to the east while 90 percent of these go to the Chinese and Indian markets.

 

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