10-30-2013, 03:20 PM
September and October 2013 saw major maintenance work on Iraq’s ports in Basra which account for the vast majority of the country’s oil exports. That caused a decline in sales for September, but prices remained high, and the flow through the southern pipeline was actually higher than scheduled. At the same time two oil fields came on line, and there are continued plans for a large expansion in production and exports by the end of the year into 2014. Iraq’s petroleum industry is steadily moving forward, but not at the tremendous rates originally predicted.