Iraq plans to increase crude exports, Basra

September 13, 2016

It showed an initial program load today, Tuesday, that Iraq plans to increase crude oil exports from southern ports to 3.28 million barrels a day in October / October from 3.253 million bpd planned in September / September.

It is expected - according to Reuters that heavy Basra crude exports down 256 thousand barrels per day, to 677 thousand barrels per day.

It is also expected to Basra Light crude exports rise 283 thousand barrels per day to 2.6 million barrels per day.

The Falah al-Amiri, head of the Iraqi Oil Marketing Company (SOMO), confirmed on Wednesday that it expected crude production growth and exports of the country steadily during 2017, compared with current levels, he said, adding that his country supports a global initiative to install crude production if it will contribute stabilize the market.

Amery said there would be a steady growth in production and exports in the next year, adding that he had not seen the size of this growth.