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Iraq to cut March Basra oil exports to lowest since August

Iraq to cut March Basra oil exports to lowest since August

BAGHDAD: Iraq, OPEC’s second-largest producer, plans to cut crude exports from its southern port of Basra to 3.013 million barrels per day (bpd) in March, the lowest since August, a loading program obtained by Reuters showed.

Basra Light exports in March will drop to 2.207 million bpd and exports for Basra Heavy will fall slightly to 806,000 bpd, according to the program.