Iraq to reduce program of petroleum exports in February

ArabicNews.com learned from Iraqi sourcesin Cairo that the program for exporting Iraqi petroleum of February will witness a severe reduction from its rate in the current month.

The sources said that 1.9 million barrels of oil are to be exported daily during February, a reduce from 2.3 million bpd in January.

In the meantime the program for February is nearing the formal estimates of Iraq's export capacity, which indicates its success in exporting 2 million barrels daily in recent weeks.