Iraq's oil exports drop to 2.535mn bpd in Jan: statement

BAGHDAD: Iraq's oil exports dropped to 2.535 million barrels per day (bpd) in January from a high of 2.940 million bpd the previous month, an oil ministry statement said on Thursday.

Two weeks of bad weather in the south affected January's total, said a spokesman quoted in the statement.

Exports from Iraq's southern terminals reached 2.39 million bpd, while exports from the north via the Kurdistan pipeline were 145,000 bpd in January, the statement said quoting a ministry spokesman.

The spokesman said the average selling price in January was $41.45 per barrel with revenue of $3.258 billion, down from $5.247 billion in December.