SPM stopped, investigation ended

Iraq's new export system has been shut for maintenance after loading one tanker, while the IG has concluded an internal corruption review related to the Leighton contract.
SPM stopped, investigation ended
A tugboat maneuvers near an oil tanker at the Al-Basra Oil Terminal. Iraq needs more export capacity, and the first stage of a new export facility is has just opened. (BEN LANDO/Iraq Oil Report)

Iraq's quest to increase its export capacity has hit another minor snag, though the task has never been more urgent. Only one tanker docked at the new single point mooring (SPM) system in the Basra Gulf before the export facility was taken back offline for what sources described as normal technical maintenance.Meanwhile, Australian authorities are continuing a corruption investigation of Leighton Offshore, one of the contractors on the project, though the Iraqi Oil Ministry has concluded it...

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