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. Estimates for both months are based on Iraq Oil Report's analysis of independently gathered data on tanker loadings and pipeline flows. Neither the federal Oil Ministry nor the Kurdistan Regio...

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