Iraq’s April Crude Oil Exports Rose to Highest in ‘Decades’
This article is for subscribers only.
Iraq boosted crude exports in April to an average of 2.51 million barrels a day, the highest level “in decades,” according to the head of the State Oil Marketing Organization.
Shipments rose 8.3 percent last month from 2.32 million barrels in March, Falah al-Amri said in a telephone interview in Baghdad. As part of the country’s efforts to increase production, Exxon Mobil Corp. signed a $100 million contract today to drill 23 wells in the West Qurna-1 oilfield project in southern Iraq, said Idriss al-Yasri, director general of the state-owned Iraq Drilling Co.