Iraqi Oil Exports Rise To Nearly 3Mn B/D As KRG Deal Holds

Iraqi oil production rose strongly in March, with exports hitting a new post-1979 high of 2.98mn b/d in March. But creaking infrastructure means export volumes can expect to continue their rollercoaster ride in the months ahead.

Preliminary oil ministry figures indicate that Iraq in March not only reversed February’s slump in export volumes – blamed on bad weather – but hit a new 36-year high. The close to...