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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