Iraq expands southern export capacity

Basra Gulf terminals increase loading capabilities ahead of plans to boost exports.
Iraq expands southern export capacity
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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