Iraq has resumed crude oil exports from Basrah Oil Terminal after an oil spill that occurred late Sept. 15 halted loadings from the facility, curbing some 1 million b/d of exports from OPEC’s second biggest producer. In the coming days, BOC will compensate for lost crude exports by pumping extra volumes so that planned export levels are not impacted. The terminal has long been a major risk for an oil spill, with the degrading of two ageing sea lines feeding jetties. In July, it was reported that bulges had appeared at the end of those lines and there were fears of a rupture that could cause a significant oil leak into the Gulf.
- Iraq resumes crude exports from Basrah Oil Terminal after 24-hour halt