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Iraq's crude exports reach new record

Oil

Iraq's crude oil exports in May increased by 65K b/d m-o-m to a new record of 3.15M b/d, according to the country's Ministry of Oil. Exports from Iraq's southern Basrah terminals hit a record 2.69M b/d, while the country's northern exports (sent via pipeline to the Turkish port of Ceyhan) reached 451K b/d.