Iraq Oil Exports Down in October

Iraq’s oil exports were 2.088 million barrels per day in October down from 2.101 million bpd in September, according to a report from Reuters.

Falah Alamri, the head of the State Oil Marketing Organization (SOMO), said exports were 1.628 million bpd from the southern oil hub of Basra and 460,000 bpd from the northern fields around Kirkuk, which included 8,000 bpd exported to Jordan by truck.

“We were expecting a higher export level than the previous month but the bad weather around the Basra ports for the last six days lowered the exports,” Alamri said.

Exports from the Gulf terminals off Basra were 1.63 million bpd last Thursday but dropped sharply the next two days and were halted completely on Sunday before resuming on Monday at a rate of about 960,000 bpd.

The official selling price averaged around $104.

(Source: Reuters)

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