Iraq said on Saturday it was increasing oil exports from the southern Basra region by 200,000 barrels per day to make up for a shortfall from the northern Kirkuk fields.The output from Kirkuk fell this week when Iraqi forces took back control of oilfields from Kurdish fighters who had been there since 2014.
The increase in Basra exports keeps Iraq’s total output within the quota agreed with the Organization of the Petroleum Exporting Countries (OPEC), the oil ministry said in a statement citing Oil Minister Jabar al-Luaibi.
He said 200,000 barrels per day would be shipped from Basra on top of the usual volumes exported daily of more than 3.2 milllion barrels.
“These additional volumes will be produced until the northern oil output
https://in.reuters.com/article/iraq-oil-kirkuk/iraq-increases-oil-exports-from-south-to-make-up-for-kirkuk-shortfall-idINKBN1CQ0OG
