Oil Exports from Iraq's Southern Ports up from July

Source: Reuters 8/26/2016, Location: Middle East

Oil exports from Iraq's southern ports have averaged 3.205 million barrels per day (bpd) so far in August, exceeding the average level seen in July, two officials from state-run South Oil Company said. Exports in July averaged 3.202 million bpd.

With five days of exports remaining this month, the average for August could change, the officials said. The southern region produces most of the OPEC member's crude oil, with an output of 4.6 million bpd last month.

Independent of the central government in Baghdad, Iraq's northern Kurdish regional government exports about 500,000 bpd through a pipeline to the Turkish port of Ceyhan on the Mediterranean.

Baghdad oversees crude production from the south and from parts of the Kirkuk region in the north that is shared with the Kurds.


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