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FINANCIAL NEWS
Iraq exports 2.35m bpd of oil in January
04 Feb 2013
(MENAFN) Iraq has exported 2.359 million barrels per day (bpd) of oil in January, up from 2.340 million bpd in December, Reuters reported, citing oil ministry officials.
According to the officials, about 2.095 million bpd were shipped from the southern fields of Basra, higher by 75,000 bpd than 2.02 million bpd in the previous month.
Iraq also exported 264,000 bpd from the northern fields around Kirkuk, including 11,000 barrels trucked to Jordan.
The officials said that Iraq sought to ship around 2.2 million bpd from the south, but bad weather and maintenance work at Iraq’s giant Rumaila oilfield have disrupted exports.
Opec member Iraq has the world’s fourth-largest oil reserves and is targeting exports of 6 million bpd by 2017.
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