Iraq's bid to boost oil export capacity at its Gulf ports has suffered a setback due to delays in pumping station upgrades, an Iraqi oil source said.Iraq is OPEC’s second highest oil producer which aims to raise operational export capacity in Basra to 3.45 million barrels per day (bpd) from 3.3 million bpd.

Iraq plan to boost oil export capacity suffers setback, source says

Posted On: July 25, 2022

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Iraq’s bid to boost oil export capacity at its Gulf ports has suffered a setback due to delays in pumping station upgrades, an Iraqi oil source said.Iraq is OPEC’s second highest oil producer which aims to raise operational export capacity in Basra to 3.45 million barrels per day (bpd) from 3.3 million bpd.