Oil Output Reduced by Leak

By John Lee.

A pipeline leak has restricted oil flow to Iraq’s southern export terminals, according to Reuters.

A rate of 1.58 million barrels per day was being achieved on Tuesday, compared to an export rate of 2.3 million bpd in August.

Output from Rumaila has been cut due to the leak, while two berths at the al-Basra Oil Terminal (ABOT) are closed due to the early stages of planned work.

(Source: Reuters)

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