Iraq’s Oil Exports via Turkey Drop 20% After Fault
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Iraq’s crude oil exports through Turkey “suddenly” dropped by about 20 percent due to a technical fault on the Iraqi side of the border, according to an official for the state-run North Oil Co.
“The flow suddenly dropped from the usual level of 600,000 barrels a day to between 400,000 and 450,000 barrels a day” yesterday, Imad Baqer, head of the company’s production department, said today by telephone from Baghdad.