By August 26, 2016 Read More →

Iraq oil exports from southern ports up from July

Iraq oil exports

Iraq oil exports in July averaged 3.202 million b/d and so far in August are up to 3.205 million b/d. photo.

Iraq oil exports averaged 3.205 million b/d

BASRA, Iraq, Aug 26 (Reuters) – Oil exports from Iraq’s southern ports have averaged 3.205 million barrels per day (b/d) so far in August, exceeding the average level seen in July, two officials from state-run South Oil Company said on Friday.

Exports in July averaged 3.202 million b/d.

With five days of exports remaining this month, the average for August could change, the officials said.

The southern region produces most of the OPEC member’s crude oil, with an output of 4.6 million b/d last month.

Independent of the central government in Baghdad, Iraq’s northern Kurdish regional government exports about 500,000 b/d through a pipeline to the Turkish port of Ceyhan on the Mediterranean.

Baghdad oversees crude production from the south and from parts of the Kirkuk region in the north that is shared with the Kurds.

(Reporting by Aref Mohammed in Basra; writing by Maher Chmaytelli; editing by Jason Neely)


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