March oil exports rebound to record levels

Iraq sold 2.98 million bpd in March – a 15 percent jump from February – increasing the cash-strapped government's monthly revenue by more than $1 billion.
A ship docks at the al-Basra Oil Terminal on Nov. 27, 2013. (ESSAM AL-SUDANI)

Iraq's oil exports rose to 2.98 million barrels per day (bpd) in March – a 15 percent jump from February – marking the highest monthly output the country has achieved in the post-Saddam era.

Oil sales increased by nearly 400,000 bpd, up from 2.59 million bpd in February, according to data released by the Oil Ministry. The increase was mostly due to better weather in the Basra Gulf, which allowed more tankers to load.

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