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Iraq Ministry of Oil Announces Higher Oil Production Numbers

Basra heavy grade will provide most the increase at 900,000 bpd, an increase from 645,000 bpd in May. The Basra light is expected to produce 2.57 million bpd, an increase from 2.44 bpd in May.

The Iraq Ministry of Oil has announced their exports for the future are expected to increase significantly and are meant to break the November records from the southern region and are meant to reach 3.47 million bpd in June. 

Basra heavy grade will provide most the increase at 900,000 bpd, an increase from 645,000 bpd in May. The Basra light is expected to produce 2.57 million bpd, an increase from 2.44 bpd in May. 


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