Middle East

Iraq’s oil exports up

Dubai: Iraq’s oil exports have risen in October as infrastructure work at southern terminals improves, although the volume of exports has not met analysts’ expectations.

Iraq’s southern terminals exports have reached nearly 1.92m barrels per day, so far in October, according to shipping data tracked by Reuters. This is is up from the 1.67m barrels per day, in the first 16 days of the month and September’s 1.82m  barrels per day.

However, the October exports total is set to be below 2m barrels per day, less than what the buyers had expected. According to a shipping source, one of the four berths at the Basra Oil Terminal has remained vacant for much of the second half of October.  [30/10/13]

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