Iraq’s oil exports rise 7.6 pct in April on month
Iraq's oil exports rose in April to 2.6 million barrels per day (bpd), the country's oil minister said on Tuesday, helping to keep global markets well supplied as shipments from regional rival Iran are crimped by tightening Western sanctions. Rising exports may help Iraq cement its position as OPEC's second-largest producer, even though creaking infrastructure […]Iraq's oil exports rose in April to 2.6 million barrels per day (bpd), the country's oil minister said on Tuesday, helping to keep global markets well supplied as shipments from regional rival Iran are crimped by tightening Western sanctions.
Rising exports may help Iraq cement its position as OPEC's second-largest producer, even though creaking infrastructure and civil unrest hampering work at some of its top fields have kept the country short of a 2013 target of 2.9 million bpd.
