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.
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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