February 13, 2017 / 9:47 AM / in 2 years

Iraq to cut March Basra oil exports to lowest since August: program

A worker checks the valve of an oil pipe at Al-Sheiba oil refinery in the southern Iraq city of Basra, Iraq, April 17, 2016. REUTERS/Essam Al-Sudani/File Photo

SINGAPORE/MOSCOW (Reuters) - Iraq, OPEC’s second-largest producer, plans to cut crude exports from its southern port of Basra to 3.013 million barrels per day (bpd) in March, the lowest since August, a loading program obtained by Reuters showed.

Basra Light exports in March will drop to 2.207 million bpd and exports for Basra Heavy will fall slightly to 806,000 bpd, according to the program.

Reporting by Florence Tan and Olga Yagova

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