As new offshore export facilities come online, Iraq has the opportunity to increase oil sales, despite enduring security and infrastructure challenges. Iraq’s single point mooring (SPM) buoys in the Basra Gulf exported an average 829,000 barrels per day (bpd) of crude in March, a new high for the expansion of the southern export system.”Total exports from SPMs was 25.7 million barrels in March,” said a senior official involved in Iraqi oil exports.This month a new export platform will be fully operational, and by mid-year a third SPM will be ready for use, further increasing southern oil export capacity.Iraq has made nearly $15 bill…