Iraq oil exports hit 25-year high in February - Your Middle East

Iraq oil exports hit 25-year high in February - Your Middle East:



"Iraq exported 2.8 million barrels of oil per day in February, a top minister said Saturday, a sharp month-on-month gain and the highest such figure in at least a quarter-century.



Production, meanwhile, reached 3.5 million bpd, the deputy prime minister for energy affairs, Hussein al-Shahristani, told reporters in the southern port city of Basra as he inaugurated a refinery.



"Production in February was 3.5 million barrels per day, and we exported 2.8 million barrels per day," he said.



The export figure was the highest since then dictator Saddam Hussein invaded Kuwait in 1990, triggering a crippling embargo and international sanctions that massively restricted Iraq's energy industry."



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