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SOMO: Iraq's May Oil Exports Increase

Total oil exports for May reached 3.803 million b/d.

Iraq's State Oil Marketing Organisation (SOMO) have revealed an increase in oil exports to 3.803 million barrels per day (b/d) for May. The increase of 167,000 b/d has been attributed to developments from the Kurdistan region and Southern Persian Gulf terminals. 

Total oil production in Iraq remained stable for May at 4.36 million b/d, with domestic oil consumption falling in comparison with the export rise.

Source: Platts


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