Iraqi crude exports decline for second straight month
Oil sales by the federal government continue to drop, while exports from the Kurdistan region remain steady.
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 nationwide oil sales dropped by more than 3 percent from September, averaging 3.858 million barrels per day (bpd) in October.*
While loadings by the Kurdistan Regional Government (KRG) via the Turkish port of Ceyhan slightly increased, those exports were more than offset by a decline in federal exports from southern Iraqi ports.
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