Exporting oil: Iraq's exports are down 8%, equivalent to 300,000 b / d

Baghdad-ALSHARQIYA June 16 : Iraqi oil exports have decreased by eight percent, equivalent to 300,000 barrels per day since the beginning of June, according to shipping data and sources in the oil sector, and the average exports of southern Iraq in the first 14 days of June were 2.93 million barrels per day, according to navigational data. ... This is 170 thousand barrels per day less than the official figure for southern exports in May To that, Reuters quoted informed sources as saying that the Iraqi Oil Marketing Company (SOMO) made deep cuts to Basra crude supplies destined for Asia next July, in light of the commitment of the producer to the OPEC Plus agreement to cut supplies. However, other reports still confirm the existence of organized smuggling of Iraqi crude oil, for the benefit and management of influential people, some of whom are politicians.  Some of them are businessmen who enjoy the protection and coverage that hinders their exposure to public opinion. The Iraqi Oil Minister, Ihsan Abdul-Jabbar, stressed that it is in the interest of Iraq to adhere to the OPEC Plus agreement to reduce oil exports, because the lack of commitment will lead to the slipping of the country. Abdul-Jabbar said in the "shortest path" program that Iraq It is the only country that did not abide by the agreement by 46%, but found in the end that it is not correct to deviate from the OPEC position, because that would harm the interests of the country.


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