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Temporary Closure of Iraqi Port Costs US$100 Million Per Day

Oil sources said that Iraq will lose nearly 100 million dollars daily for any stoppage in loading.

Basra/ Iraq TradeLink: Iraqi South Oil Company announced the stoppage of oil loading operations  for 24 hours starting from today due to mantling a new pipeline.
Oil sources said that Iraq will lose nearly 100 million dollars daily for any stoppage in loading.

The sources added that the loading will not affect three piers in Basra port.

No other details were given.

Source: Iraq TradeLink

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