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FINANCIAL NEWS
Iraq oil exports grow up to 3.2mnbpd
01 Aug 2016
(MENAFN) Iraq’s oil exports from its southern ports increased to reach 3.2mn barrels per day (bpd), more than 3.175mn bpd in June.
Additionally, the output at the Luhais field grew by 10.000 bpd to 90.000 bpd in July.
Moreover, the northern Kurdish local gov’t exports stood at almost 500.000 bpd amid a pipeline to the Turkish port.
On the other hand, last year the country boosted production by up 500.000 bpd, despite spending reductions by firm working at the southern fields.
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