- Iraq oil export increase expected to come in stages
Crude exports from Iraqs south are expected to rise to about 3.25 million barrels a day (b/d) in 2016, according to the head of the state-owned South Oil Company (SOC), Hayan Abdulghani Abdulzahra.
This increase will be in stages, Abdulzahra told UK news agency Reuters in an interview on 27 September. The export system is ready to export this figure or more.
His statements come amid concerns that low oil prices and declining investment in oil projects could negatively affect production and exports.
Oil exports from Iraqs south hit a record high of 3.06 million b/d in July, and stood at 3.02 million b/d in August.