12.03 PM Tuesday, 5 December 2023
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 05:28 06:46 12:12 15:10 17:32 18:51
05 December 2023

Basra oil exports fall by half on weather

By Reuters

Oil exports from Iraq's southern Basra terminal fell by more than half yesterday to 792,000 barrels per day (bpd) from 1.728 million bpd on the previous day due to bad weather, a shipping source said.

A sand storm made it difficult for some ships to berth at export terminals, the source told Reuters on condition of anonymity. One ship was loading two million barrels of oil on Wednesday, and three vessels were anchored, the source said.

Exports from Basra, Iraq's main oil-exporting hub, can fluctuate widely due to weather or technical problems.Iraq's oil exports slipped in January to 1.926 million bpd from 1.977 million bpd the month before, according to the State Oil Marketing Organisation.


Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.