State Company for Oil Projects will operate the upcoming Bin Umar liquids storage terminal, located in Nineveh, Iraq. According to GlobalData, who tracks more than 5,000 active and developing liquids storage terminals worldwide, the liquids storage terminal will be owned by State Company for Oil Projects and is expected to start operations in 2024. Buy the profile here.
Expected to be operational in 2024, the terminal will primarily store crude oil and will have pipeline and road access.
Key specifications of the storage terminal-
Storage Capacity (bbl): 1,28,68,930
Tank Size Min (bbl): 4,15,126
Tank Size Max (bbl): 4,15,126
Number of Tanks: 31
During the period 2021-2025, the Bin Umar storage terminal is expected to witness an estimated capex of $718.89m.
About State Company for Oil Projects
State Company for Oil Projects (SCOP) is a project management company. Its services include basic and detailed designing, materials supplying, machineries supplying, executes projects management, and conducts pipeline tank and welding work inspections. The company also provides project management, construction supervision, and follow up, coordinating, planning, documentation, administrative, and financial services. SCOP offers project designing services, central department services, oil and gas field development, and loading terminal construction services, among others. The company provides its services oil and gas sector across Iraq. SCOP is headquartered in Baghdad, Iraq.
For more details on the Bin Umar liquid storage terminal, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
