Iraq selects Chinese company to build its biggest oil storage facility

Iraq has tapped China Petroleum Pipeline Engineering Company (CPP) to construct its largest crude storage facility for export, capable of storing some 3.2 mn barrels, Zawya reports. The storage facility, located in Nasiriyah city, is expected to be completed in 2Q 2025, Zawya quotes Project Manager Ali Ibrahim as saying.

The details: The facility will be built on 2.5 mn sqm and will consist of seven large storage tanks for storing both heavy and light crude oil, Ibrahim reportedly said.

The primary objective of the project is to transport the crude oil through a pipeline to Iraq’s SouthernFaw Port, which is currently under construction. From there, the crude will be exported via ports in the Arabian Gulf. There are also plans to transport crude from the storage tankers through pipelines to refineries and power plants in central and northern parts of Iraq.