Iraqi oil exports steady in May

Increased loadings from Basra Gulf help Iraq compensate for slight oil price slump and northern export decline.
Iraqi oil exports steady in May
A worker from Iraq's State Company for Oil Projects welds the pipeline connecting the Zubair-1 and Zubair-2 oil depots to the Fao depot, providing more flexibility for both exports and feeding the Shuaiba refinery. (Source: Basra Oil Company)
  • Still fighting downward oil price pressure
  • Third best monthly performance in 2017
  • More crude distributed internally
  • Historical export data

Iraq's federal oil exports increased slightly in May, as rising Basra output compensated for lower sales via Turkey.

Overall, federal Iraq crude sales increased from 3.253 million barrels per day (bpd) in April to 3.261 million bpd last month, according to final monthly data * released June 22 by Iraq's Oil Ministry.

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