03-04-2018

Iraq data: March crude exports edge up to 3.353 million b/d

Iraq’s federal crude oil exports inched up in March to 3.453 million b/d, up 27,000 b/d from February, the oil ministry said Sunday.

All of the exports were from Iraq’s southern Persian Gulf oil terminals, with no shipments from the Turkish Mediterranean port of Ceyhan.

The oil ministry did not provide any estimate of exports from the semi-autonomous Kurdistan Region of Iraq. Nor did it provide a breakdown of Basrah Light and Basrah Heavy crudes in the exported volume, or the change in stocks at the southern storage tanks.

Daily terminal status reports showed that on the morning of April 1, there were seven tankers berthed and two awaiting their turn — the longest waiting time being two days.

This quantity, around 6 million barrels, with 4 million barrels of Basrah Light and 2 million barrels of Basrah Heavy, will be added to the April loading program.

Source: Platts

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