Iraq oil exports drop in May

Iraq's oil ministry has said the country's oil exports had dropped to 1.823 million barrels per day in June from 1.9 million bpd the month before, due to bad weather and bomb attacks, Reuters has reported. Exports from Basra, Iraq's main oil-exporting hub, can fluctuate widely due to weather conditions or technical problems, while repeated bomb attacks hampered crude flow from Kirkuk fields in recent months. Iraq exported an average of 1.44 million bpd from the southern oil hub of Basra and 383,000 bpd from the northern oilfields around Kirkuk, including 10,000 bpd by trucks to Jordan, ministry spokesman Asim Jihad told the news service