- BAGHDAD: Iraq’s oil exports were 2.088 million barrels per day in October versus 2.101 million bpd in September, the head of the State Oil Marketing Organization said.
Exports were 1.628 million bpd from the southern oil hub of Basra and 460,000 bpd from the northern fields around Kirkuk, which included 8,000 bpd sent overland by truck to Jordan, SOMO chief Falah Alamri said.
“We were expecting a higher export level than the previous month but the bad weather around the Basra ports for the last six days lowered the exports,” Alamri said.
Exports from the Gulf terminals off Basra were 1.63 million bpd last Thursday but dropped sharply the next two days and were halted completely on Sunday before resuming on Monday at a rate of about 960,000 bpd.
The official selling price averaged around $104, he said.
Iraq is pumping about 2.9 million bpd as it pushes to revive the oil sector after years of war in a bid to become one of the world’s top producers.