By John Lee.
Bloomberg reports that Iraq will increase its exports of Basrah Light crude from the Persian Gulf by 6 percent in the second half of August, compared with the previous two-week period.
According to the loading program, Iraq will ship 23 cargoes from the al-Basrah Oil Terminal (ABOT) (pictured), three more than in the first half of this month. Exports will total*35.72 million barrels, or 2.23 million bpd, compared with 2.11 million bpd two weeks earlier.
There are planned to be:

  • 14 consignments of 2 million barrels each;
  • six 1 million-barrel lots; and,
  • one lot each of 715,000, 556,000 and 444,000 barrels.

(Source: Bloomberg)


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