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Iraq Basra oil exports restored to 2.37 million barrels per day

June 6, 2012 7:22 by Reuters

Oil exports from southern terminals in the Iraqi city Basra were restored to 2.37 million barrels per day (bpd) on Wednesday, a shipping source said, following a three-day slowdown due to rough weather.

Exports from southern offshore ports were disrupted by high winds and a dust storm over the past three days, with shipments cut to 1.65 million (bpd) on Sunday, 1.41 million bpd on Monday and 1.6 million bpd on Tuesday.

Exports from Basra offshore terminals, Iraq’s main oil hub, tend to fluctuate widely because of weather or technical problems.

(Writing by Ahmed Rasheed; Editing by Serena Chaudhry)

Tags: Basra oil, exports, Iraq, offshore terminals, rough weather

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