120,000 Additional Barrels: Iraq Boosts Its Oil Exports from Basra Ports

The Ministry of Oil boldly approved a new and vital commercial plan to pump an additional 120,000 barrels per day through the southern ports. This calculated increase, at a sensitive timing, targets seizing the opportunities of high spot prices in thirsty Asian and European markets, ensuring a stronger and faster cash flow that contributes to covering the country's operational budget expenses and supports steps to accelerate the approval of service projects.