Southern Oil Exports could Hit Record

By John Lee.

Reuters reports that oil exports from Iraq’s southern terminals are on track for a record high in May.

Exports are estimated at an average of 2.60 million bpd in the first 27 days of this month, which, if sustained, would beat April’s 2.51 million bpd, the highest since 2003.

Southern exports are being boosted by the start of production at Lukoil‘s West Qurna 2 oilfield (pictured).

In the north of the country, however, shipments of Kirkuk crude are reported to be still stalled due to a bomb blast on 2nd March; repairs are ongoing, and there are hopes that flows may resume in the next few weeks.

Kurdistan last week started loading oil from its new pipeline to Ceyhan, defying the central government.

(Source: Reuters)

(West Qurna-2 picture by Essam al-Sudani)

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