Iraq contributed to the recovery of Gulf oil exports during September.

Iraq contributed to the recovery of Gulf oil exports during September.

Iraq contributed to the recovery of Gulf oil exports during SeptemberData from Vortexa and Kpler showed that crude oil and condensate exports from the Gulf countries recovered during September, supported by increased shipments from Saudi Arabia, the UAE and Iraq. IraqBanking Reforms

According to Kpler, total exports of crude oil and condensates from Saudi Arabia, the UAE, Iraq, Oman, Kuwait, Qatar and Iran rose to about 14.7 million barrels per day in September, compared to 10.8 million barrels per day in August.

Saudi Arabia led the increase, with its shipments rising to 6.6 million barrels per day from about 4.2 million barrels per day in August, while exports from the UAE and Iraq also increased, partially offsetting the decline in exports from Kuwait and Qatar and the halt in Iranian exports.

Vortexa data showed crude oil and condensate flows rising to 91% of pre-war levels of 16.3 million barrels per day, while exports of refined fuels and liquefied petroleum gas remained at 60% of pre-war levels.

Shafaq.com

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