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FINANCIAL NEWS
Iraq southern oil exports down in September
22 Oct 2013
(MENAFN) Iraq’s oil exports hit 1.821 million barrels per day (bpd) in September, down from 2.308 million bpd in August due to ports maintenance, The Peninsula Qatar reported.
Iraq commenced maintenance at Basra Oil Terminal on September 11, closing two of its four berths, and oil Officials with Iraq’s state-run South Oil Company (SOC).
“Maintenance work and installing new meters have temporarily lowered September exports from the south. Work should end by mid-October to restore normal exports level,” an official with SOC said.
Iraq has sent mixed messages about the impact of the maintenance on supplies. An official from the South Oil Co said it would cut shipments by up to 500,000bpd, although other sources have said the drop would be less.
Iraq has sent mixed messages about the impact of the maintenance on supplies. An official from the South Oil Co said it would cut shipments by up to 500,000 bpd, although other sources have said the drop would be less.
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