Iraq to resume oil exports from Basra rate of 1.536 million b / d

Iraq to resume oil exports from Basra rate of 1.536 million b / d

09/07/2012 15:09

Erbil, July 9 (Rn) – a shipping source said that oil exports resumed from the ports of Basra in southern Iraq, where it emerged on Monday shipments size of 1.536 million barrels per day, thanks to improved weather conditions. The source said the ship began loading in late on Sunday and another ship started loading today, as quoted by Reuters. The bad weather has led to the suspension of oil exports in full on Sunday when caused strong winds to prevent tankers from leaving the Gulf. A day earlier, oil exports fell to 864 thousand barrels per day. Iraq exports most of its production of crude from the ports of South on the Gulf. Iraq seeks to enhance 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 estimated at 115 billion barrels, and entered into agreements with global energy companies to raise production to 12 million barrels per day by 2017. Abdullah Sabri

Source: aknews