Iraq oil exports rise for third consecutive month in August: Bloomberg
Bloomberg reports Iraq’s oil exports climbed for a third straight month in August, reaching 1.87 million barrels per day, up from July’s 1.39 million.
Key Takeaways
AIBloomberg has reported that the increase in shipments during August marks the third consecutive monthly rise in Iraq’s oil exports.
The agency added that Iraq’s recorded oil shipments reached 1.87 million barrels per day in August, up from 1.39 million barrels per day in July. Iraqi crude oil exports rose by about one-third in August compared to July, driven by increased shipments from Basra.
Prime Minister Ali Faleh Al-Zaidi said on Tuesday that Iraq’s oil production should reflect its reserves, production capacity, and population size. He also directed officials to fully utilize associated gas to meet domestic energy needs and reduce waste, with the aim of ending gas imports, according to the Iraqi News Agency.