Basra Oil Exports Halved

Oil exports from Iraq’s Basra terminal fell to 720,000 barrels on Monday, down from 1.728 million barrels the previous day, due to maintenance on the offshore pipeline, according to a report from Reuters.

“Exports from Basra dropped today as technical teams are conducting maintenance work on some parts of the export pipeline,” a source said.

Exports from Basra can fluctuate widely due to technical problem and weather conditions, while repeated bomb attacks have hampered crude flow from the north of Iraq in recent months.

(Source: Reuters)

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