Bloomberg News

Iraq to Cut Basrah Light Crude Exports to 35 Cargoes in March

March 04, 2013

Iraq will ship 35 cargoes of Basrah Light crude from the Persian Gulf in March, six less than last month, a loading program obtained by Bloomberg News showed.

About 59.7 million barrels of the blend will be exported from the Basrah Oil Terminal, according to the plan. That equates to 1.93 million barrels a day this month and compares with average daily shipments in February of 2.34 million barrels.

The schedule comprises 24 lots of 2 million barrels each, five shipments of 1 million barrels, and one each of 1.97 million barrels, 1.2 million barrels, 1.11 million barrels, 889,000 barrels, 800,000 barrels and 715,000 barrels.

Loading programs are schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

To contact the reporter on this story: Rupert Rowling in London at rrowling@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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