Economy
February exports climb, despite hurdles

 February exports climb, despite hurdles


 

Southern Iraq oil sales slightly decreased compared to January, but Kurdistan exports from storage pushed nationwide monthly averages up.

 

A worker checks the valve gears of pipes linked to oil tanks at Turkey's Mediterranean port of Ceyhan, which is run by state-owned pipeline company Botas. (UMIT BEKTAS/Reuters)

 

Iraq exported an average 3.791 million barrels per day (bpd) in February, a slight month-on-month increase from January, according to Iraq Oil Report estimates and data provided by the Oil Ministry.

 

The federal government sold 3.426 million bpd, the Oil Ministry said, down from 3.490 million bpd in January. The reduction in federal oil sales - all of which currently flow through export terminals in the Basra Gulf terminals - was likely due to poor weather and leaks in pipelines leading offshore.

 

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Southern Iraq oil sales slightly decreased compared to January, but Kurdistan exports from storage pushed nationwide monthly averages up.

 

A worker checks the valve gears of pipes linked to oil tanks at Turkey's Mediterranean port of Ceyhan, which is run by state-owned pipeline company Botas. (UMIT BEKTAS/Reuters)

 

Iraq exported an average 3.791 million barrels per day (bpd) in February, a slight month-on-month increase from January, according to Iraq Oil Report estimates and data provided by the Oil Ministry.

 

The federal government sold 3.426 million bpd, the Oil Ministry said, down from 3.490 million bpd in January. The reduction in federal oil sales - all of which currently flow through export terminals in the Basra Gulf terminals - was likely due to poor weather and leaks in pipelines leading offshore.

 

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