Iraq crude exports decline in January

February 02, 2014 - 1:37:11 am
BAGHDAD: Crude exports from Iraq declined in January to an average of 2.228m barrels per day (b/d) but should rise next month, Oil Minister Abdul Kareem Luaibi said yesterday.

Luaibi attributed the drop from 2.341m b/d in December 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.

But the completion of work on a new platform at Basra ports in February will increase export capacity to more than 5m b/d, he forecast. Of the 2.228m b/d exported in January, 2.036 came from Basra and 192,000 from Kirkuk, Luaibi said, adding that Iraq is aiming to ship more oil to Africa in addition to Asian and European markets. Reuters