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Crude oil exports in Iraq falls in Jan

05 Feb 2017

(MENAFN) Iraq’s crude oil exports fell in Jan from a record high a month before as the country installs output cuts confirmed by OPEC and other main producers.

However, the country’s exports dropped by 187.000 barrels a day to 3.323mn barrels a day in Jan from the previous month.

Meanwhile, shipments in the cited month from the South Oil Co. reached 3.278mn barrels a day and exports from the North Oil Co. were 45.000 barrels a day.

In addition, OPEC and 11 other main-producing nations involving Russia agreed in 2016 to cut a joined 1.8mn barrels a day of output.

MENAFN0502201700450000ID1095236863

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