The Iraqi government is going into advanced negotiations with Chinese companies to establish oil storage facility in China to boost its oil sales to Asia, Iraq’s Oil Minister, Ihsan Abdul Jabbar, told Reuters in a phone call.
Abdul Jabbar added that his country is also discussing plans to build oil storages in Pakistan. Iraq’s oil ministry has further plans to build storage facilities in some other states to “serve Iraq’s interests in marketing its oil,” Abdul Jabbar said.