Iraq cuts Basra oil output to 900,000 bpd from 3.3m bpd after southern exports halt

Iraq’s Oil Minister Hayan Abdel-Ghani says crude production at Basra Oil Company has been cut to 900,000 barrels per day (bpd) from 3.3 million bpd after exports from the country’s southern ports were halted, Reuters reports, citing the ministry.

The produced quantities are being pumped to operate refineries, the ministry added in a statement.

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