Iraq Postpones Oil Terminal Start “Indefinitely”

The opening ceremony to inaugurate Iraq’s first floating oil terminal was postponed until further notice, an Oil Ministry spokesman announced on Wednesday.

Aswat al-Iraq reports that there were ‘operational problems’, while Bloomberg’s contact gave no reason for the delay, the third since last month.

The terminal, which has an export capacity of 900,000 bpd, was supposed to be opened for operations today (Wednesday).

(Sources: Aswat al-Iraq, Bloomberg)

 

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