February exports fall sharply

Oil sales are down by about 5 percent since January, as Iraq cuts production to comply with an OPEC agreement and diverts some crude flows to domestic refineries.
February exports fall sharply
Tankers dock at the Al-Basra Oil Terminal, the principal export point for Iraqi oil. (BEN LANDO/Iraq Oil Report)

Iraq's oil exports in February appeared to fall by nearly 200,000 barrels per day (bpd) compared to the previous month.

The country as a whole – including both federal Iraq and the autonomous Kurdistan region – exported about 3.74 million bpd in February, compared to 3.93 million bpd in January.

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