Basra Oil Terminal stops Loading for 24 hrs

By John Lee.

Oil exports from Iraq’s main gulf terminal have reportedly stopped from midnight on Tuesday for 24 hours to allow the installation of a new pipeline.

Two sources at the South Oil Company (SOC) told Reuters that loading at the three single-point moorings (SPMs) connected with the Basra terminal will not be affected.

The terminal’s loading capacity is estimated at around 1.8 million barrels per day (bpd).

(Source: Reuters)

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