Iraqi oil exports stagnate at two-decade lows as wartime restrictions persist
April oil sales fell to one-twelfth of pre-war volumes as Basra exports restarted and stalled, and northern exports hit a plateau.
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)
Iraq’s oil exports continue to stagnate at two-decade lows as wartime disruptions keep most of the country’s crude sales offline.
Nationwide exports averaged just 310,000 bpd in April, according to an Iraq Oil Report analysis based on tanker loading data gathered from Iraqi oil and industry officials, down from 600,000 bpd in March.
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