Markets

Iraq's southern oil exports hit record 3.064mn bpd in July

Published August 1, 2015 Updated August 1, 2015 01:23pm

1 min

By Imad Uddin

Add BRecorder as a trusted
source on Google

BAGHDAD: Iraq's southern oil exports rose in July to a record average of 3.064 million barrels per day (bpd) from 3.02 million in June, officials from the state-run South Oil CO. said on Saturday.

Shipments have jumped after Iraq's decision to split crude stream into two grades, Basra Heavy and Basra Light, to resolve quality issues.

Some companies working in Iraqi oilfields increased production following the move.

Read Comments