Basra Crude Exports to Rise in January

By John Lee.

Iraq plans to export about 3.4 million bpd of crude oil from its southern oil terminals in January, according to a report from Reuters.

This represents an increase of 17.2 percent on December’s estimate, and is driven by the Basra Light grade, which is planned to increase 23 percent to 2.61 million bpd.

Basra Heavy grade exports in January would remain steady at 750,000 bpd.

(Source: Reuters)