Oil Exports from Iraqi Southern Ports Slide

Thursday, November 1, 2018

Iraq's oil exports from southern ports on the Gulf averaged 3.469 million barrels per day (bpd) in October, lower than the September average, the oil ministry said on Thursday.

Iraq exported 3.560 million bpd of crude oil in September.

Iraqi oil executives told Reuters on Wednesday exports were down from the September average owing to bad weather, which slowed shipments down on some days.

The average sale price in October was $74.912 per barrel, generating more than $8 billion in revenue, the ministry said.

All volumes shipped in October came from the southern fields, the ministry said.

Iraq is OPEC's second-largest producer after Saudi Arabia and pumps around 4.6 million bpd.

The bulk of Iraq's oil is exported via the southern terminals, which account for more than 95 percent of the OPEC producer's state revenue.


(Reporting by Ahmed Rasheed; Editing by Susan Fenton and Mark Potter)

Categories: Tankers Energy Oil Middle East Ports

Related Stories

Ports of Indiana Appoints Brady Jacoba as Chief Commercial Officer

Singapore Posts Record Port Performance in 2025, Looks Ahead for 2026

Shipbuilding: DHT Accepts New VLCC

Current News

Dardanelles Strait Traffic Resumes After Tanker Engine Failure

Urals Freight Rates to India Rise Due to Bad Weather, War Risks

Diana Shipping Plans Proxy Fight at Genco

16th Annual Maritime Risk Symposium-Student Research Poster Contest

Subscribe for Maritime Logistics Professional E‑News