Iraq to Boost Kirkuk Crude Exports for April by 20%

According to a report from Bloomberg, Iraq plans to increase its exports of Kirkuk crude from the Turkish port of Ceyhan (pictured) by 20 percent in April:

  • 24 cargoes to be shipped, up from 21 in March;
  • shipping rate of 510,000 barrels a day, up from 425,484 bpd in March.

Shipments of Iraqi Kirkuk crude from Ceyhan were halted nine times since the end of November because of technical reasons, bad weather or explosions, the Iraqi Oil Ministry said in a statement.

As a result, exports from the port were less than scheduled:

  • January: 17 cargoes of the crude totaling 387,677 bpd shipped versus a planned 447,742 bpd;
  • February: 369,447 bpd compared with 448,276 bpd planned.

(Sources: Bloomberg, AKnews)

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