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Iraq's Basra oil exports restored to 1.68 million barrels per day

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By Syed Murtaza Gheblehzadeh
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BAGHDAD: Oil exports from Iraq's southern Basra terminal were restored to 1.68 million barrels per day (bpd) on Saturday after bad weather reduced exports on Friday, a shipping source said.

"Weather is clear around the export ports and two ships are loading crude this morning," the source told Reuters.

High winds reduced crude exports to 840,000 bpd at the offshore export terminals on Friday.

Exports from Basra, Iraq's main oil hub, tend to fluctuate widely because of weather or technical problems.

Copyright Reuters, 2011

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