RPT-UPDATE 2-Bad weather still slowing Iraq Basra oil exports-source

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* Bad weather still slowing Iraq's Basra exports

* Loading operations resumed at a new floating terminal

* Kuwait's exports resume as weather clears

BAGHDAD, June 4 (Reuters) - Oil exports from Iraq's southern

Basra terminals were still disrupted by a dust storm on Monday,

with shipments cut to 1.41 million barrels per day (bpd) from

1.65 million bpd the previous day, a shipping source said.

"A dust storm is making visibility difficult for ships to

reach the ports on Monday and preventing those who are berthed

from leaving," the shipper said.

Bad weather has disrupted oil exports from Iraq's southern

offshore terminal and forced neighbouring Kuwait to halt all of

its oil exports, a shipping source and government official said

on Sunday.

However Kuwait was able to resume its oil exports on Monday

as a sandstorm lifted there, a spokesman for state-run Kuwait

National Petroleum Co (KNPC) said.

Kuwait produced around 2.77 million barrels per day (bpd) in

May, slightly up from 2.75 mln bpd in April, according to a

recent Reuters survey.

Kuwait has three refineries -- Shuaiba, Mina Abdullah and

Mina al-Ahmadi -- with a total refining capacity of around

930,000 bpd.

In Iraq, loading operations at a new floating export

terminal have resumed with pumping around 480,000 barrels per

day, the shipping source said.

"A ship was anchored at the single-point mooring, but high

winds prevented it from loading. It started loading after winds

died down," the shipper said.

Iraq exports the bulk of its crude from southern ports at

the Gulf. Shipments of crude from the Kirkuk field in northern

Iraq usually average 350,000-400,000 bpd and are expected to

remain stable around that level.

Iraq exported an average 2.452 million bpd in May, including

2.086 million from Basra and 366,000 from northern fields.

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.

(Additional reporting by Ahmed Hagagy in Kuwait, Editing by

Patrick Markey and Mark Potter)