17/08/2015 02:11

Iraq's exports of Basra crude would be about 2.93 million b / d


Iraq plans to export about 2.08 million barrels per day of Basra light crude and 850 thousand barrels of heavy crude.

BAGHDAD / Obelisk: a source familiar with in the oil sector said on Sunday that Iraq's exports up OPEC member from Basra to about 2.93 million barrels a day in August.

The source added that Iraq plans to export about 2.08 million barrels per day of Basra light crude and 850 thousand barrels of heavy crude.

Traders said, citing initial download a program to the Iraqi Oil Marketing Company (SOMO) that Iraq has allocated 3.017 million barrels per day of Basra crude for export in September and expected to jump ore shipments Basra heavy about 400 000 barrels per day compared to the previous month.

He predicted that a source in the sector allocations of Basra heavy crude in the month of September to 1.02 million barrels per day of light crude and 1.995 million barrels per day.

The source added that the reason for increased allocations in the next month postponement of some shipments of August to September.

Because storage capacity is limited in Iraq is moving to increase allocations Sumo crude shipments from the quantities available for export so as not to hang production.

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