Oil Exports Up in July

By Simon Kent.

Iraq’s oil exports have been recorded at an average of 3.28 mbpd for July, a rise from 3.18 mbpd in June. This is good news for Iraq, although a two month fall in exports due to infrastructure problems was offset by a slight increase in the price of oil.

In June, a pipeline to the southern terminals leaked, causing a queue of tankers to build up, and this was repaired on July 11th, Gulf News reports. The Kurdish Regional Government also had more welcome news as exports rose for July from 515,000 bpd to 550,000 bpd. This represents a drop from 600,000 bpd at the start of the year however, due to pipeline sabotage and the decision of the North Oil Company to suspend pumping of Kirkuk crude through the Iraq-Turkey pipeline.

(Source: Gulf News)

 

 

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