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Sat 1 Aug 2015 02:31 PM

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Iraq's southern oil exports hit record

Iraq's southern oil exports rose in July to a record average of 3.064 million barrels per day

Iraq's southern oil exports hit record

Iraq's southern oil exports rose in July to a record average of 3.064 million barrels per day (bpd) from 3.02 million in June, officials from the state-run South Oil CO. said on Saturday.

Shipments have jumped after Iraq's decision to split crude stream into two grades, Basra Heavy and Basra Light, to resolve quality issues.

Some companies working in Iraqi oilfields increased production following the move. 

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