New exports hit technical delay

Iraq postponed its heralded public opening of a new export system, but major infrastructure plans are still moving forward, including a new $1 billion West Qurna 2 contract.
Tugboats position a single point mooring (SPM) buoy in the Basra Gulf in January 2012 as Iraq expands its export capacity. (ALI ABU IRAQ/Iraq Oil Report)

BAGHDAD - Iraq's oil officials were publicizing the landmark unveiling of a new southern oil export station scheduled for this Friday – until they realized that perhaps two more weeks are needed to complete scheduled tests.

"We would like to inform you of the postponement of the opening ceremony of the floating oil port project to increase production capacities until further notice," the ministry said in a short statement Wednesday.

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