MOSCOW (MRC) -- Fire broke out in a fuel tank outside Iraq's main Gulf Umm Qasr port near Basra, reported Reuters with reference to the state news agency reported on Wednesday.
Iraq exports most of its oil through its southern Gulf ports.
As MRC informed before, Lukoil has submitted to Iraq's oil ministry a preliminary development proposal for Eridu field, which may yield an estimated 250,000 b/d at peak, helping OPEC's second biggest producer in its efforts to boost crude production capacity. The proposal's submission will allow the ministry to study and approve the field's development, the ministry said in a Nov. 12 statement.
Lukoil currently operates Iraq's southern West Qurna 2, one of the world's largest oil fields with around 14 billion barrels of initial recoverable reserves, according to its website. The field pumps around 9% of Iraqi total oil production. Lukoil holds a 75% interest in West Qurna 2 and Iraqi state-owned North Oil Co. the remainder.