SOC plans to open a third export terminal with the rehabilitation and expansion of the existing facility at Al-Faw. The company has invited bids for a site investigation and study of berths 3, 4, 5 and 6 at the port, which is located on the northern Gulf. Tendering is already under way for the construction of eight floating roof crude oil storage tanks at Al-Faw, each with capacity of 58,000 cubic metres. State Company for Oil Projects (SCOP)is working with SOC on the project.