Oil exports fall in January
Political disputes, bad weather, crude quality problems and infrastructure delays set back much needed revenues.
Tugboats position a single point mooring (SPM) buoy in the Basra Gulf in January 2012 as Iraq expands its export capacity. (ALI ABU IRAQ/Iraq Oil Report)
Iraq's oil exports fell by nearly 14 percent in January, after a record-setting December, due to rough weather and technical problems in Basra and strained relations between the Baghdad government and the autonomous Kurdistan region.
The federal State Oil Marketing Organization (SOMO) sold just 2.535 million barrels per day (bpd) in January, compared to 2.94 million bpd in December, according to an official with access to SOMO data.
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