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Iraqi crude output jumps to record high in February

: Sunday, March 02 - 2014 @ 02:11

Iraqi deputy Prime Minister for energy, Hussain al-Shahristani has said the country’s oil exports rose to a record 2.8 million barrels per day (bpd) on average in February, Reuters has reported. The increase from 2.228 million bpd in January was attributed the increase to the completion of work to expand the export capacity of its southern Basra port, from which the bulk of Iraq’s crude is shipped. “These projects which we carried out relating to development and production have enabled Iraq to produce 3.5 million barrels per day and to export 2.8 million barrels per day, which is a historic figure,” Shahristani told reporters at the Basra refinery as he attended a ceremony for the opening of new units.

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Sunday, March 2- 2014 @ 2:11 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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