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Iraq's oil exports over 3 million bpd
The article concerns the Iraqi Minister of Oil's announcement that Iraq's oil exports currently exceed 3 million barrels per day, indicating a continuous increase in production and exports. The report also mentions the imminent start-up of the cracking unit at the Kirkuk refinery, with an output capacity of five million liters per day, which will enhance Iraq's ability to refine oil and meet domestic demand. Additionally, it highlights the rise in Basra crude prices by around two dollars and the impact this has on the oil market, amidst tense atmospheres in the Middle East and increasing risks associated with the conflict. This has led to a rise in global oil prices.
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