Southern Oil Exports running at Record High

By John Lee.

Oil exports from southern Iraq have reportedly reached a record rate of 3.43 million barrels per day so far in April.

If sustained for the full month, Reuters reports that this would exceed the record of 3.37 million bpd reached in November.

The increase partly reflects an easing of delays in the loading of Basra Heavy crude.

Northern shipments of crude from the Kurdistan region have risen to 420,000 bpd so far in April, up from 327,000 bpd in March.

(Source: Reuters)