Iraq: Record Oil Exports But Infrastructure Bottlenecks Remain

Iraq posted record crude exports of 2.85mn b/d in February. But such volumes are unlikely to be sustainable given that many of the infrastructure bottlenecks that hampered shipments in recent months have not been fully resolved.

Total Iraqi production also hit a record in February, topping 3.5mn b/d for the first time, according to MEES estimates. Onshore constraints in the south remain, whilst yet another stoppage of the...