Stop the Iraqi crude exports from Basra because of the weather

Stop the Iraqi crude exports from Basra because of the weather

08/07/2012 19:00

Erbil, July 8 (Rn) – A shipping source and oil official said bad weather caused the halt crude exports from the ports of Basra in southern Iraq on Sunday. The source added navigational “The processes of loading in the ports of Basra stopped completely due to strong winds,” according to quoted by Reuters. The oil exports have already dropped to 864 thousand barrels per day on Saturday when caused strong winds to prevent ships from leaving the Gulf. official said oil company in the South “in normal circumstances pumping crude at maximum capacity to compensate for the downtime, thanks to the ports of export new maritime” . Iraq exports most of its production of crude oil from ports south of the Gulf. Iraq seeks to boost oil production to lesbian in three years with his recovery from decades of war and sanctions and is expected to implement the largest expansion in production capacity of oil in the world in 2012 with the opening of new outlets. and Iraq has the fourth-largest oil reserves in the world is estimated at 115 billion barrels, and entered into agreements with international energy companies to raise production to 12 million barrels per day by 2017. Abdullah Sabri

Source: aknews