Iraq Business News: Iraq Postpones Oil Terminal Start “Indefinitely”

Iraq Business News
All the latest business news from Iraq
Iraq Postpones Oil Terminal Start "Indefinitely"
Jan 25th 2012, 20:16

The opening ceremony to inaugurate Iraq’s first floating oil terminal was postponed until further notice, an Oil Ministry spokesman announced on Wednesday.

Aswat al-Iraq reports that there were ‘operational problems’, while Bloomberg’s contact gave no reason for the delay, the third since last month.

The terminal, which has an export capacity of 900,000 bpd, was supposed to be opened for operations today (Wednesday).

(Sources: Aswat al-Iraq, Bloomberg)

 

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