Basrah Light Exports 'Stable' for 1H-August

By John Lee.

Bloomberg reports that Iraq will keep its daily exports of Basrah Light crude from the Persian Gulf roughly the same in the first half of August as in the second half of July, compared with shipments in the previous two weeks.

Twenty cargoes are scheduled to be shipped from the al-Basrah Oil Terminal (pictured), up from 24 in the second half of this month, according to a loading program obtained by the news agency.

Exports will total 31.58 million barrels, or 2.11 million bpd, compared with 2.10 million bpd two weeks earlier.

(Source: Bloomberg)

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