New Gulf infrastructure opens up export growth
A third export buoy and new platform are now operational, giving Iraq additional southern exports while the northern route remains offline.
A tug boat maneuvers near an oil tanker at the Al-Basra Oil Terminal, February 2010. (BEN LANDO/Iraq Oil Report)
Oil exports increased by an average of 70,000 barrels per day (bpd) in May over April, with a third single point mooring (SPM) buoy put into action and a new platform metering crude in the Basra Gulf.
The average 2.58 million bpd of exports was a massive jump from the previous month, which itself was revised upward after the final data were calculated.
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