Iraq’s Jan Oil Exports Highest Since 2003

Iraq exported an average of 2.163 million barrels of oil per day in January, up from 1.951 million bpd in December, its highest level since the 2003 U.S.-led invasion, a top oil official said on Wednesday.

Falah Alamri, head of the State Oil Marketing Organisation (SOMO), told Reuters on the sidelines of an energy conference in Istanbul that he expected oil exports to continue to increase in the coming months.

The previous highest monthly exports since the invasion were achieved in July 2009, when shipments reached 2.037 million bpd, according to SOMO figures.

Alamri said Iraq exported 409,000 bpd in January from its northern fields near the city of Kirkuk, plus another 10,000 bpd taken through Jordan by truck. As usual, the bulk of the exports was shipped from the southern oil hub of Basra.

Iraq’s oil production has reached 2.7 million bpd, the first time it has reached that level in 20 years as investment increased and violence dropped.

(Source: Reuters)

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