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UPDATE: Exports rise on Basra boost

The overhaul in Iraq's blending and marketing of southern crude helped raise southern exports and compensate for a dip in northern exports hampered by political disputes.
Tankers dock at the Al-Basra Oil Terminal. (BEN LANDO/Iraq Oil Report)
Ben Lando and Ben Van Heuvelen of Iraq Oil Report
Wednesday, July 1st, 2015

Iraq set another record for oil sales in June, compensating for reduced exports from the north with a big jump in Basra output.

With 3.187 million barrels per day (bpd) of exports in June, Iraq broke its previous records – 3.145 million bpd in May, and 3.077 million bpd in April – and notched its fifth month-on-month increase in a row, according to data released Wednesday by Iraq's Oil Ministry.

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