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BAGHDAD, Jan 12 (Reuters) - Oil exports from Iraq's southern
Basra terminals were restored to 2.35 million barrels on
Saturday after bad weather reduced exports by almost half on
Friday, according to a shipping industry source.
The source said daily output had fallen to 1.32 million
barrels on Friday.
"Weather has improved around the export ports and three
ships are loading crude this morning," the source told Reuters.
Exports from Basra's offshore terminals, Iraq's main oil
hub, tend to fluctuate because of weather or technical problems.
Iraq exports the bulk of its crude from the southern ports on
its small strip of the Gulf coast.
With ambitious plans to double its oil production over the
next three years, Iraq has passed the 3 million bpd production
level for the first time in three decades and has overtaken Iran
to become OPEC's second biggest oil producer after Saudi Arabia.
(Reporting by Ahmed Rasheed; editing by Patrick Graham)