Iraqi oil to rise to 2.59m bpd in February

04/03/2015

In a statement, Iraqi oil ministry said that Iraq's oil exports rose in February to an average 2.59 million barrels per day (bpd) from 2.54 million bpd in the previous month.
Exports from Iraq's southern terminals reached 2.29 million bpd, while exports from the north via the Kurdistan pipeline were 304,000 bpd in February, the ministry said.
Export volumes from the south were hit by bad weather which delayed shipments for several days, the statement said. But the slight fall in southern exports was offset by a doubling of shipments through the north.
February shipments generated $3.45 billion in revenue. Iraq sold its crude for $47.43 per barrel.

Last Update:: 04/03/2015

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