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Iraq Oil Exports Rise

31 Oct 2012
Iraqi oil sources announced on 28th October that bad weather has reduced southern oil exports of Iraq from 2.35 million bpd to 792,000 barrels per day (bpd). One oil port official expresses "The weather may improve today or tomorrow and allow exports to return to normal." A week ago, Iraq's oil exports were stopped when the unpleasant weather forced to stop tankers to be loaded at ports of Basra. The country’s main shipment point is its southern part. And the exports from the south of the country have grown uniformly, taking Iraq nearer to its maximum export level in the period of ten years. The average export during the first half of October of Crude shipments was 2.3m bpd. Source [Gulf Daily News]
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