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Currency News

Oil Exports Down in December

By John Lee.

Iraq’s crude oil exports fell by 11 percent in December due to bad weather in southern oil export terminals and the suspension of exports from Kurdistan, according to a report from Dow Jones.

Exports averaged 2.348 million bpd, down from 2.620 million bpd in November.

From the south, Iraq exported 2.023 million bpd, compared with 2.194 million bpd the previous month, while in the north 314,000 bpd were exported via the port of Ceyhan (pictured) in Turkey, compared with 416,000 bpd in November. Another 11,000 bpd were shipped by truck to Jordan.

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