Iraq plans to export 3.22 million barrels per day next month
trade sources confirmed on Thursday that Iraq plans to export 3.22 million barrels per day of crude oil from the port of Basra , south of the country during the month of May next.
The commercial sources told “Reuters”, ” The monthly program confirms that Iraq plans to export about 3.22 million barrels per day of crude oil from the port of Basra in the south of the country next May,” adding that “these quantities are the largest since February.”
She stressed that ” expected to Basra light crude supplies rise slightly in May to 2.38 million barrels per day from 2.34 million barrels planned this April , ” adding that “crude exports of Basra , heavy it is expected to reach 839 thousand barrels per day in May , up from 833 thousand barrels per day in April. ”
It is noteworthy that Iraq agreed with OPEC to reduce oil production by 210 000 barrels per day until next June, and Oil Minister Jabbar Allaibi about the country’s commitment to OPEC’s agreement.