Iraq’s March oil exports fall by 400k bpd
Oil sales through the northern pipeline were all but shut in due to sabotage, increasing Iraq's reliance on an expanding southern export system.
A drilling rig at the West Qurna 2 oil field in Basra, operated by Russia's Lukoil. (ALI ABU IRAQ/Iraq Oil Report)
KIRKUK - After hitting record levels in February, Iraq's oil exports dropped in March by 403,000 barrels per day (bpd), with most of the decrease due to attacks on the Iraq-Turkey Pipeline (ITP).
Iraq earned $7.507 billion in March, selling an average 2.396 million bpd at an average $101 per barrel, according to Oil Ministry data released Thursday. That's down from the 2.799 million bpd Iraq averaged in February, but up from 2.228 million bpd in January.
Login to your account
Subscribe for news access
Annual News subscribers receive access to the full archive of Iraq Oil Report articles.
