Reuters has reported that oil exports in Southern Iraq could hit a high record in May. Oil exports have averaged 2.6 million barrels per day in the first 27 days of May; if these figures are sustained, they would beat April’s record of 2.51 million barrels per day, the highest level since the 2003 invasion.
Southern exports have increased by the launch of Lukoil’s West Qurna oilfield production. In the north of Iraq, shipments of Kirkuk oil have been delayed because of bomb blast on March 2nd. As rehabilitations are ongoing, there are expectations that flows may restart in the next few weeks. Kurdistan started operating its new pipeline to Ceyhan, resisting the central government.