Basra Oil operates the Fao liquids storage terminal, which is located in Al-Basrah in Iraq. This liquids storage terminal became operational in 2012 and is owned by Ministry of Oil, Iraq.


The terminal, which is accessible by pipeline, road, and sea, primarily stores crude oil.

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Key specifications of the storage terminal
Storage Capacity (bbl): 58,36,934
Tank Size Min (bbl): 3,64,808
Tank Size Max (bbl): 3,64,808
Number of Tanks: 16


Fao storage terminal is undergoing an expansion, which will increase its storage capacity by 29,18,467bbl.

About Basra Oil


Basra Oil Co (BOC) formerly known as South oil company is a state-owned oil and gas company in Iraq. The company explores and produces crude oil and natural gas. Its services include drilling works, building and expanding production facilities and implementing investment projects. The company also operates in developing fields in Luhais, Saba, Nuhran Ben Ummer. BOC’s oil fields in Maysan layout export the pipeline, expanding export facilities and infrastructure sites. The implementing investment projects are associated with the natural gas fields in the north and south Rumaila. It was formerly known as The State National Institution for Oil. BOC is headquartered in Basrah, Iraq.

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Methodology

Information on the liquids storage terminal is sourced from GlobalData’s liquids storage terminal database that provides detailed information on all active and upcoming, liquids storage terminals globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.