http://www.wsj.com/articles/iraq-is-...ows-1481727239

Iraq Is Raising, Not Cutting, Oil Exports, Shipping Document Shows
National oil company has plans to increase deliveries of its Basra oil grades by about 7%


A file photo of the Rumaila oil refinery near the city of Basra in Iraq. Iraq plans to increase crude-oil exports in January, government records show. Photo: Associated Press


By Benoit Faucon
Updated Dec. 14, 2016 7:20 p.m. ET
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Iraq plans to increase crude-oil exports in January, government records show, immediately raising questions about its commitment to slashing production in line with OPEC’s landmark production agreement last month.

Iraq’s national oil company, the State Organization for Marketing of Oil, or SOMO, has plans to increase deliveries of its Basra oil grades by about 7% to 3.53 million barrels a day compared with October levels, according to a detailed oil-shipment program viewed by The Wall Street Journal. Those oil shipments represent about 85% of Iraq’s exports.

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