Basra Exports up 150K b/d

Basra Exports up 150K b/d

Iraq’s crude exports from its Basra ports are up approximately 150,000 barrels per day (b/d) in November, Reuters reports.

The government had previously announced that it would increase production from Basra by 200,000 b/d.

Exports from the south now hover around 3.5 million b/d, according to the news agency.

Iraq has increased exports from Basra to offset production declines from the north after central government’s successful military operation to seize the Kirkuk oilfields from the Kurdish Regional Government (KRG).

Production in northern Iraq has fallen by about 250,000 b/d, according to Reuters.

The Basra port has the capacity to export 4.6 million b/d, the government said in October.

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