Iraq expands southern export capacity
Basra Gulf terminals increase loading capabilities ahead of plans to boost exports.
Iraqi Deputy Oil Minister Karim Hattab inspects the Khor al-Amaya Oil Terminal on June 11, 2017. (Source: Iraq Oil Ministry press office)
BASRA - Iraq has started operating a fourth single point mooring (SPM) buoy and brought back the Khor al-Amaya Oil Terminal (KAAOT) after 10 months offline, adding more than 1 million barrels per day (bpd) of potential export capacity, though onshore bottlenecks mean that only a fraction of that will be immediately available.
The additional SPM alone may help increase southern Iraq exports by 200,000 bpd, which Oil Minister Jabbar al-Luiebi ordered according to an Oil Ministry statement over the weekend.
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