Iraq's oil exports have slipped so far in April to 2.92 million b/d, according to loading data and industry sources, although shipments from OPEC's second-largest producer remain close to a record high
A senior energy official said the National Iranian Oil Refining and Distribution Company (NIORDC) plans to start projects to build new oil exports facilities in the Southern Port of Jask, on the rims of the Oman Sea.
Iraq's oil exports rose in February to an average 2.597 million b/d from 2.535 million b/d in the previous month, the oil ministry said in a statement.
Libya has resumed oil exports from the eastern port of Zueitina after an almost year-long suspension and is also testing a pipeline to restart exports from Hariga port, officials said on Sunday.
The US crude export ban that was imposed in 1975 should be repealed 40 years later to ensure the US oil and gas renaissance continues, ConocoPhillips Chief Executive Officer Ryan Lance said.
Iraq's crude oil exports reached 2.94 million b/d in December, a new record high, taking the country's 2014 monthly average to 2.517 million b/d, as the recent deal with Kurdish authorities begins to bear fruit.
Bad weather has disrupted oil exports from Iraq's southern offshore terminal and forced neighbouring Kuwait to halt all of its oil exports, a shipping source and government official told Reuters on Sunday.
Saudi Arabia has raised oil exports and the United States is considering releasing crude from its strategic reserves as oil prices hit nine-month highs on Friday and concerns deepened over Iran's nuclear program.
Iran struck a combative tone Thursday in its confrontation with the West over the nuclear issue, threatening to terminate oil exports to European nations even before their embargo takes effect this summer.