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Iraq to build 100 berths in Faw Port project | Hellenic Shipping News Worldwide
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PROJECTS: Iraq to build 100 berths in Faw Port project
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ICTSI Iraq hits 3 million TEU milestone
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PROJECTS: Iraq to offer major rail project to investors
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Iraq looks to new pier to boost oil product imports, exports
Iraq is building a new oil pier off its southern coast, financed by Japan, that’s expected to boost exports and imports of crude-derived products and increase revenue, officials said.
The construction within the port of Khor Al-Zubair Iraq’s main fuel export and import facility is over 70 percent complete and should be finished this year, said Farhan Fartousi, the director-general of the General Company for Ports in Iraq, a state company responsible for Iraq’s southern ports.
It marks the latest project undertaken by port officials and investors to modernize the port and boost revenue in the wake of government plans announced last year to clamp down on border corruption that significantly skims off state revenue.