The Iraq insurgency has given oil markets more uncertainty in a time of tight global supplies reports IHS Maritime’s Michael Jones

Key points:

  • 2.08M – crude exports in 2013 from Basrah
  • 70% - amount of crude oil production in the south of Iraq
  • The insurgency in Iraq has not yet posed a direct threat to southern production and exports
  • Crude exports from Basrah continue – for now

 

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