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Markets

Iraq's southern oil exports 3.45mn bpd so far in March: officials

BASRA: Crude oil exports from Iraq's southern ports on the Gulf stand at around 3.45 million barrels per day (bpd) s
Published March 28, 2019

BASRA: Crude oil exports from Iraq's southern ports on the Gulf stand at around 3.45 million barrels per day (bpd) so far in March, two oil officials told Reuters on Thursday.

Exports from Iraq's southern Basra terminals fell to 3.54 million bpd in February, down from 3.556 million bpd in the previous month.

Iraq is producing below its maximum capacity of nearly 5 million bpd in line with an agreement between OPEC and other producers such as Russia to curtail global supply in order to support prices.

Copyright Reuters, 2019
 

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