Iraq to Cut Basra Crude Exports

By John Lee.

Iraq will ship 43 cargoes of Basra Light crude in July, one less than in June, according to a loading program obtained by Bloomberg.

An estimated 67.6 million barrels of the blend will be exported from the Basra Oil Terminal (ABOT), or 2.18 million barrels a day. That compares with 2.39 million barrels a day this month.

The schedule comprises 26 lots of 2 million barrels each, 13 shipments of 1 million barrels, three of 715,000 barrels and one of 500,000 barrels.

(Source: Bloomberg)

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