Iraq's new single-point mooring, or SPM, terminal in the south is loading a third tanker Tuesday at a rate of 800,000-900,000 barrels a day, a senior Iraqi oil official said.
Iraq
's new
single-point mooring, or SPM, terminal in the south is loading a third tanker
Tuesday at a rate of 800,000-900,000 barrels a day, a senior Iraqi oil official
said.
This marks a key third milestone after the first two tankers successfully
loaded at the SPM and sailed earlier this month.
"The second tanker, called New Creation, was loaded with around 2 million
barrels and sailed from the terminal March 25," the official, who spoke on
condition of anonymity, told Dow Jones Newswires.
"The third vessel, called Yiomaral, is currently loading and is expected
to finish tomorrow," he said.
Earlier, officials said that a minor technical fault had suspended loading from
the terminal for a few days.
"The fault has been fixed and the terminal is working normally," the
Iraqi oil official said.
A second 900,000-barrels-a-day SPM, built like the first by Leighton Offshore,
a subsidiary of
Australia
's
Leighton Holdings Ltd. (LEI.AU), is expected to be ready in April, the official
said.
Oil began loading March 8 from the new SPM in the Gulf--the first of five each
with 900,000 barrels a day loading capacity. So far the facility has exported
two cargoes, each with around 2 million-barrels shipment, which sailed March 13
and March 25 respectively.
Iraq has had to reduce its production from southern oil fields in recent months
because it didn't have enough export capacity, but the new SPM means it will be
able to increase exports from its southern oil fields to some 2.2 million
barrels a day this year, bringing its total export capacity in the south to 2.7
million barrels a day from 1.75 million barrels a day prior to the opening of
the new SPM, Iraqi officials said.
Iraq
exported an average of 2.014 million barrels a day last month from its southern
and northern oil fields, but with the new SPM the country is aiming to hit 2.25
million barrels a day this month, the officials said.
Διαβάστε ακόμα
Τρι, 24 Σεπτεμβρίου 2024 - 19:58
Τρι, 24 Σεπτεμβρίου 2024 - 19:54
Τετ, 18 Σεπτεμβρίου 2024 - 18:32
Τετ, 18 Σεπτεμβρίου 2024 - 18:27
Τρι, 17 Σεπτεμβρίου 2024 - 20:01