Iraq has reasserted its control over side-loading oil exports in Basra, making a major move in its energy sector. The General Company of Ports of Iraq (GCPI) recently welcomed the first oil tanker at a newly dedicated side-loading terminal. This facility is located within Iraqi waters, further strengthening the country’s sovereignty over its oil export routes.
The GCPI Director General, Dr. Eng. Farhan Al-Fartousi, confirmed the successful operation. The tanker received its load of crude oil without delays and departed with international clearance. This smooth process marks a milestone in Iraq’s renewed efforts to manage side-loading oil exports independently.
Previously, the State Oil Marketing Organization (SOMO) and the Oil Tankers Company handled these operations. Despite the terminal’s location within Iraq’s maritime borders, the two organizations were in charge. That changed recently, thanks to a court decision that returned operational rights to GCPI.
Until November 2020, GCPI had full authority over these activities. However, the jurisdiction shifted after that. A legal challenge followed, and a recent court ruling made everything clear. The court confirmed that, under Law No. 21 of 1995, GCPI holds the rightful authority to manage the side-loading site. As a result, the organization has now resumed full control.
This development not only improves administrative clarity but also boosts national control over a vital export method. It helps Iraq oversee both refined oil products and crude oil shipments without external interference. It also eliminates the confusion of past arrangements, where multiple bodies managed a single terminal.
Moreover, this shift helps Iraq improve the efficiency of its oil logistics. Having one authority handle side-loading oil exports reduces delays and makes operations smoother. GCPI can now manage vessel traffic, loading schedules, and legal matters from a single point of command. This streamlining benefits the entire export process.
The move also aligns with Iraq’s broader economic goals. By reclaiming control over its export infrastructure, the country strengthens its energy independence. Furthermore, international buyers gain more confidence when dealing with a clear and single-point Iraqi authority.
To conclude, Iraq’s firm control over the side-loading terminal boosts both national pride and energy logistics. This bold action promises long-term benefits for oil exports and reinforces the country’s influence in regional energy markets.