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Iraq's Oil Exports May Unlikely to Exceed 3.3 million b/d

OIL

Iraq's oil exports in May are unlikely to exceed 3.3 million b/d due to the continued suspension of production from the semi-autonomous Kurdistan region and northern fields via Turkey according to a senior Iraqi official speaking with Platts.

  • Iraq's federal crude exports, excluding flows from Kurdistan, in April rose 1% month on month to 3.288 million b/d, oil ministry data showed May 2.
  • There is "limited" additional oil export capacity at southern export terminals in the Persian Gulf and the continued suspension of more than 450,000 b/d of production from Kurdistan and federal fields exported from the north via Turkey will not allow the OPEC member to boost its output, the official said.

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