Basra export outages dent March oil sales

With production already constrained by OPEC cuts, Iraq's exports dipped even further as three days of bad weather disrupted Basra Gulf tanker loadings.
Basra export outages dent March oil sales
A worker checks the valve gears of pipes linked to oil tanks at Turkey's Mediterranean port of Ceyhan, which is run by state-owned pipeline company Botas. (UMIT BEKTAS/Reuters)

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Iraq's oil exports dropped sharply in March due to a combination of OPEC-related production cuts and bad weather in the Basra Gulf that slowed tanker loadings.

The federal government and the autonomous Kurdistan Regional Government (KRG) combined for 3.854 million bpd of oil sales, a reduction of 142,000 bpd compared to February, according to an Iraq Oil Report analysis based on Oil Ministry disclosures* and other data gathered from industry officials.

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