Iraq to Increase Basra Oil Shipments in April

Iraq plans to ship 48 cargoes of Basra Light crude from the Persian Gulf in April, according to a report from Bloomberg — 13 shipments more than last month.

About 68.6 million barrels of the blend is to be exported from the al-Basra Oil Terminal (ABOT) (pictured), equating to 2.29 million barrels a day; this compares with average daily shipments in March of 1.93 million barrels.

(Source: Bloomberg)

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