Iraq's oil exports rose to around 2.34 million bpd in August
This is up from about 1.35 million bpd in July
Iraq's oil exports increased to approximately 2.34 million barrels per day (bpd) in August, according to two Iraqi energy officials. This is a significant rise from about 1.35 million bpd in July. The boost in exports comes after Iraq had been restricted in its oil shipments due to the near-closure of the Strait of Hormuz since the beginning of the Iran war on February 28.
The officials mentioned that an increase in the number of tankers reaching Iraq's oil export terminals and loading crude was responsible for the surge in shipments in August. Iraq has been granted permission by Iran to send some of its oil tankers through the Strait of Hormuz, as reported by Iran's state news agency IRNA last week.
September exports are also anticipated to rise, as industry sources told Reuters, with buyers encouraged by the Iranian approval and Iraq offering attractive discounts.
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