Iraqi exports finish down year with a December surge

A worker stands at the al-Basra Oil Terminal (ABOT), one of Iraq’s major export outlets, February 2010. (BEN LANDO/Iraq Oil Report)

Iraq’s oil sales fell in 2023, as an increase in the federal government’s crude exports did not fully compensate for the loss of northern pipeline exports via Turkey.

Nationwide exports averaged 3.466 million bpd in 2023, down from 3.710 million bpd in 2022. The federal government’s exports were up, however, averaging 3.376 million bpd in 2023 compared to 3.331 million bpd in 2022.

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This article was originally published by a www.iraqoilreport.com . Read the Original article here. .