Iraqi oil exports hits 2.1mn bpd in September

oil_barrel

Iraqi oil exports fell slightly in September to 2.1 bpd compared to 2.18mn bpd in August, the head of the State Oil Marketing Organization (Somo) stated.

Daily average exports in September from the southern port of Basra were 1.767mn bpd while exports from northern Kirkuk were 334,000 bpd, Somo chief Falah Alamri was reported as saying by Reuters.

Iraq expects to start using one of three new offshore floating export terminals in the Gulf on January 1, a major step in its plans to build up export capacity to handle growing production from its southern oilfields.

"Iraqi exports are expected to increase remarkably to higher levels right at the start of next year, helped by having the first floating terminal to handle more exports operations," Alamri said.

Average daily exports since the start of the year to September were 2.18mn bpd. The average selling price of Iraqi crude in September was around USUS$105 per barrel.

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