Iraq resumes oil exports from the south
Iraq, Economics, 6/11/2005
Oil exports resumed on Friday from the south from the main al-Basra port on the Gulf after these exports were obstructed during the two past days because of the bad weather conditions. Naval data said that loading oil from the south is made at a rate of 1.5 million barrels daily.
Iraq's oil production from the south constitutes most of the country's production while exports do not proceed as smoothly as sought by officials in the area of more stability and security in comparison with the northern area of Iraq. Sales of the Iraqi oil marketing establishment reached within the delayed contracts for south oil in Iraq 1.5 million barrels daily for the second phase of the current year, with a reduction of 80,000 barrels daily because of problems in production.
On the other hand, one Iraqi oil official expressed his hope to resume the exportation of 350,000 barrels of oil daily by the north pipeline to Turkey within ten days.
The official expected the completion of repairs in the north pipeline after they were attacked earlier.
Iraq resumes oil exports to Turkey
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