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Iraq expects higher crude exports in February

: Monday, February 03 - 2014 @ 09:09

Iraqi oil minister, Abdul Kareem Luaibi has said that the country’s crude exports dropped in January to an average of 2.228 million barrels per day (bpd), but should rise next month, Reuters has reported. The drop from 2.341 million bpd in December was due to attacks on the pipeline carrying oil from the northern Kirkuk oilfields to Turkey, as well as disruption to shipping from Iraq’s southern ports due to bad weather, Luaibi said. However, the completion of work on a new platform at Basra ports in February will increase export capacity to more than five million bpd, he said.

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Monday, February 3- 2014 @ 9:09 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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