Tag Archives | Crude Oil

High October Target for Basra Exports

By Simon Kent. Iraq is planning a 26% rise in exports of Basra Light and Basra Heavy grades of oil, according to data seen by¬†Bloomberg.¬† The targets are 55 cargoes of Basra Light and 26 cargoes of Basra Heavy respectively. This would mean an increase from 90.5 million barrels exported in September, up to 114 […]

Iraq Eyes Huge Crude Oil Increase

Minister says $1b project to raise export capacity to 4.5m bpd by 2012 is on track Iraq expects crude output to increase by about 600,000 barrels per day (bpd) through 2011, based on initial plans from global firms for oilfields that were auctioned off last year, a senior oil official said yesterday. Deputy Oil Minister […]