Tuesday, 03 July 2007

Iraqi Crude Oil Exports Fell 8.5 Percent in June on Power Loss, Repairs

(Bloomberg) -- Crude exports from Iraq, the holder of
the world's third-biggest oil reserves, fell 8.5 percent last
month because of power disruptions in the south and maintenance on
the country's main export terminal.

Exports slid to an average of 1.5 million barrels a day after
electricity failures affected crude flows to the Basra Oil
Terminal in the Persian Gulf, an oil ministry official, who asked
not to be identified for security reasons, said today in a
telephone interview from Baghdad.


Read more at Bloomberg Energy News

No comments: