Oil exports from Iraq’s southern ports up from July

Oil tankers are anchored at Basra harbour, 550 kms (340 miles) south of Baghdad, on February 19, 2010. Iraqi Oil Minister Hussein al-Shahristani announced the construction of four new water platforms to ease the export of oil and increase its production. AFP PHOTO/ESSAM AL-SUDANI (Photo credit should read ESSAM AL-SUDANI/AFP/Getty Images)

*Oil tankers are anchored at Basra harbour, 550 kms (340 miles) south of Baghdad. AFP PHOTO/ESSAM AL-SUDANI

26 August 2016, Basra — Oil exports from Iraq’s southern ports have averaged 3.205 million barrels per day (b/d) so far in August, exceeding the average level seen in July, two officials from state-run South Oil Company said on Friday.

Exports in July averaged 3.202 million b/d.

With five days of exports remaining this month, the average for August could change, the officials said.

The southern region produces most of the OPEC member’s crude oil, with an output of 4.6 million b/d last month.

Independent of the central government in Baghdad, Iraq’s northern Kurdish regional government exports about 500,000 b/d through a pipeline to the Turkish port of Ceyhan on the Mediterranean.

Baghdad over-sees crude production from the south and from parts of the Kirkuk region in the north that is shared with the Kurds.

*Aref Mohammed; Maher Chmaytelli; editing – Jason Neely – Reuters

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