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* Vessel carrying 2 million barrels for Indian Oil Corp
* New floating terminals big boost for exporting oil
BAGHDAD, April 24 Iraq exported its first cargo
of crude oil of two million barrels from its second new floating
terminal in the Gulf on Tuesday, shipping data tracked by
The terminal is the second of four being built by
Australia's Leighton Holdings, each with a capacity of
850,000 barrels per day (bpd) and which are expected to more
than double Iraq's export capacity.
Data showed the A Whale vessel left the second new floating
Single Point Mooring (SPM) terminal early on Tuesday to deliver
the crude to India's state-run Indian Oil Corp.
"After bringing a second export terminal online, we are
confident that we're ready to deal with exporting more crude in
the future," an official for Iraq's state-run South Oil Co.
(SOC) told Reuters.
Iraq began exporting from the first Single Point Mooring
(SPM) platform last month at a capacity of 300,000 bpd, which
helped boost exports to their highest level since 2003.
The SOC official said operations at the first SPM had been
halted during loading of crude at the second platform as there
was not enough oil from the fields to feed both terminals.
The official said a vessel had already docked at the first
terminal and started loading on Tuesday after operations at the
second platform were completed.
Iraq's oil production has been held back for decades by
infrastructure crippled by years of sanctions and war, including
a lack of export capacity on its small strip of the Gulf coast.
Production from Iraq's southern oilfields is expected to hit
around 2.75 million bpd by the end of this year and the OPEC
producer is expected to be the world's biggest source of new oil
supplies over the next few years.
(Reporting by Ahmed Rasheed; Editing by Serena Chaudhry and