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Near-term prospects for increasing loading volumes at its aging Gulf terminal facilities at Basrah are dim, Iraqi officials acknowledge, preventing any meaningful gains in production that would allow the cash-strapped country to benefit from high oil prices. And the degraded pipelines connecting the terminal to loading jetties are a major risk for a catastrophic environmental disaster. The reason for the delay in Oil outputs  is due to the political crisis which have caused instability and financial obstacles for Iraq to handle.   

Once an OPEC quota buster, Iraq struggles to raise oil output due to port limitations

Near-term prospects for increasing loading volumes at its aging Gulf terminal facilities at Basrah are dim, Iraqi officials acknowledge, preventing any meaningful gains in production that would allow the cash-strapped country to benefit from high oil prices. And the degraded pipelines connecting the terminal to loading jetties are a major risk for a catastrophic environmental disaster. The reason for the delay in Oil outputs  is due to the political crisis which have caused instability and financial obstacles for Iraq to handle. 

 

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