Iraq looks to new pier to boost oil product imports, exports kurdistan24.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kurdistan24.net Daily Mail and Mail on Sunday newspapers.
Iraq plans to complete this year the construction of a new oil pier in its key fuel export and import facility in order to raise trade in refined oil products and boost government revenues
Iraq PM lays Grand Faw Port foundation stone middleeastmonitor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from middleeastmonitor.com Daily Mail and Mail on Sunday newspapers.
Published February 4, 2021, 12:04 PM
International Container Terminal Services (ICTSI)’s subsidiary, Basra Gateway Terminal (BGT), last month set a new productivity record of 105 moves per hour – the highest ship-to-shore crane productivity in Iraq.
The new record, achieved this January, during the handling of the 5,652-Twenty-foot Equivalent Unit (TEU) Ever Uberty, replaced BGT’s previous record of 101 moves per hour achieved in November.
BGT recorded a total of 3,084 moves during the vessel’s January call.
BGT achieved a record 105 moves-per-hour during the handling of the Ever Uberty last 26 January.
With the continued increase in trade volumes, Phillip Marsham, BGT chief executive officer expressed enthusiasm about the new milestone.
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BASRA, Iraq (Reuters) -Iraq’s government has agreed to sign a $2.625 billion contract with South Korea’s Daewoo Engineering & Construction (047040.KS) to build the first phase of a giant commodities port in the south of the country, a port manager said on Wednesday.
The long-planned and repeatedly delayed Grand Faw port is one of several projects that Iraq hopes will create a shorter transportation corridor between the Middle East and Europe, bypassing the Suez Canal.
Under the contract, expected to be signed on Sunday, Daewoo E&C will handle construction works that include building five berths to unload ships and a yard for containers, Farhan al-Fartousi, Iraq’s director general at the General Company for Ports, told Reuters in Basra.