Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Iraq fully reopens Basra crude export terminal: shipping sources

Energy | Electric Power | LNG | Natural Gas | Natural Gas (European)

The future of European gas after Groningen

Shipping | Marine Fuels

Platts Bunkerworld

LNG | Natural Gas | Shipping | Dry Freight | Marine Fuels | Tankers

Bunker and Residual Fuel Conference, 17th Annual

Metals | Shipping

Container freight hike adds to India, Pakistan import scrap rally

Iraq fully reopens Basra crude export terminal: shipping sources


Iraq has reopened all four of the crude loading berths at the al-Basra Oil Terminal in the Persian Gulf, boosting the country's overall crude export capacity, shipping sources said Monday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Two of the terminal's four jetties were shut in September to allow the installation of a jacket for a new platform in the Gulf to feed four Single Point Moorings, a key part of Iraq's broader plan to boost export capacity to handle growing production.

The temporary closure of the two jetties reduced the al-Basra Oil Terminal's export capacity to 800,000 b/d, half of its normal level of 1.6 million b/d.

The reduced capacity at the terminal through much of September was the main cause of a big drop in Iraqi crude output and exports last month.

Overall production in Iraq plummeted by 350,000 b/d month-on-month, to 2.8 million b/d in September from 3.15 million b/d in August, according to a Platts survey of OPEC output.

In addition to the Basra terminal, Iraq can also export oil from the Gulf through the Khor al-Amaya terminal and from the first two SPMs, numbers 2 and 3, which are already in operation and currently handle a combined total of around 800,000 b/d of crude.

This is less than half their design capacity of 900,000 b/d each, mainly because of a lack of pressure in the pipeline feeding them.

The new platform being installed is a Central Metering-Manifold Platform which will hook up two more SPMs, numbers 1 and 5, to the pipeline system.

These SPMs are already in place but are currently dormant.

The CMMP will be 70 meters from the southeast end of the al-Basra terminal, and will be connected to it by a bridge.

--Faleh al-Khayat,
--Edited by Jeremy Lovell,