Iraq sees “Significant Increase” in Port Traffic, 24 FEB

 Iraq sees “Significant Increase” in Port Traffic

The earnings at commercial and oil ports topped 74.5 billion Iraqi dinars in January, according to the Director General of the General Company for Iraqi Ports (GCIP). He said this was a “significant increase” over the same month the previous year, although he did not provide an exact figure.

Dr. Farhan Al-Fartousi continued, saying that Khor Al-Zubair Port brought in 14.2 billion Iraqi dinars in income, while Umm Qasr North Port made over 31 billion. Furthermore, Abu Flus Port recorded 825 million Iraqi dinars, while Umm Qasr South Port produced 6.2 billion dinars.

Over 22 billion Iraqi dinars were made from port services including mooring, guiding, escorting, docking, and departure at oil ports.

He went on to say that handling rates for both imported and outbound containers were high in Iraqi ports. While the quantity of exported containers (TEU) topped 74,700, the quantity of imported containers (TEU) above 71,500.

Additionally, he mentioned that within the same time period, 167 ships from abroad docked at Iraqi ports, compared to 203 ships from abroad.

He said that the plans to construct new projects and restore the infrastructure in the majority of Iraqi ports are in line with the rise in income, which has a favorable impact on performance and port operations.