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Iraq’s Total Oil Exports Average 2.7 Million Bpd in November

Flames emerge from flare stacks at Nahr Bin Umar oilfield, north of Basra, Iraq, September 16, 2019. (Reuters)
Flames emerge from flare stacks at Nahr Bin Umar oilfield, north of Basra, Iraq, September 16, 2019. (Reuters)
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Iraq’s Total Oil Exports Average 2.7 Million Bpd in November

Flames emerge from flare stacks at Nahr Bin Umar oilfield, north of Basra, Iraq, September 16, 2019. (Reuters)
Flames emerge from flare stacks at Nahr Bin Umar oilfield, north of Basra, Iraq, September 16, 2019. (Reuters)

Iraqi oil exports fell to 2.709 million barrels per day in November, from 2.876 million bpd in the previous month, the oil ministry said on Tuesday.

Exports from the country’s southern Basra terminals reached 2.6 million bpd in November, down from 2.77 million bpd the month before, the ministry added.

Oil shipments from Kirkuk through Ceyhan averaged around 2.819 million barrels in November.

Iraq’s October revenue from oil, its main source of income, stood at $3.394 billion with an average price per barrel of $41.778.

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EU and US Have Agreed to Intensify Contact on Trade Talks

FILE PHOTO: An EU flag flutters. Reuters
FILE PHOTO: An EU flag flutters. Reuters
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EU and US Have Agreed to Intensify Contact on Trade Talks

FILE PHOTO: An EU flag flutters. Reuters
FILE PHOTO: An EU flag flutters. Reuters

The EU and US have agreed to intensify talks on a possible trade agreement, EU Commissioner Maros Sefvocic said on Thursday.

"Yesterday I had another constructive call with the US Secretary of Commerce Howard Lutnick," Sefcovic told reporters before a meeting of EU trade ministers in Brussels.

"We have agreed to intensify our engagement at technical levels and I am in regular contact with him. I think we will see each very soon, most probably here in Brussels or at the OECD meetings."