Oil exports from southern Iraq heading to high record in April

Oil exports from southern Iraq heading to high record in April
2014-04-24T07:57:48+00:00
, reflecting Iraq's efforts to increase its productivity and growth of the oil supply in 2014 , Reuters said in news briefed by “Shafaq News”.

Oil sources said that shipments from Kirkuk in northern Iraq is still stopped since the bombing that stopped the flow of oil and the pipeline failure on the second of March , which made Iraq's exports generally lower than its levels .

The navigational data showed that exports from the southern ports of Iraq amounted to an average of 2.55 million barrels of oil per day in 23 first days of April , A source in the oil sector exports are watching similar estimates .

If this level continues in the remaining period of April , oil exports from the south of the country will exceed the recorded level in February at 2.5 million barrels per day , the highest of its kind since 1979 .But traders do not expect the imminent return of Kirkuk crude .

A commercial source in a company that buy Iraqi oil said that, " There are no shipments of Kirkuk crude in April, it does not seem to be good for May as well. " adding that there are still delays in shipments of Basra , but the situation is better , compared with the past few months.

Iraq has increased export capacity of South Oil as an Iraqi official said on the third of April that his country aims to increase shipments to exceed 2.5 million barrels per day in April, thanks to the additional quantities of West new Qurna -2 .

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