BAGHDAD: Iraq’s oil exports dropped sharply in October to an average of 2.7 million barrels per day (bpd), from 3.052 million bpd the previous month, the oil ministry said on Sunday, citing shipment delays caused by poor weather.
All of the exports were from Iraq’s southern ports, according to an oil ministry spokesman. He said shipments from Iraq’s north via Ceyhan in Turkey stopped completely in October after dropping to an average of just 20,000 bpd the previous month.
Revenues from the country’s October sales totalled $3.32 billion, with the oil sold at around $39.56 per barrel, the spokesman added.
Shipping data showed exports from the southern terminals were higher for much of October – reaching a record 3.1 million bpd in the first 27 days of the month – but then slowed as poor weather delayed cargoes.
