Crude oil exports from Iraq's key southern Basra terminal have been cut in half from its normal level due to technical problems, shipping agents told Dow Jones Newswires Monday.
"The loading rate is 32,000 barrels per hour," or 768,000 barrels a day, an agent said by telephone from the terminal.
A second agent confirmed the figure. That is below the normal rate of around 65,000-70,000 barrels an hour, or 1.56 million-1.68 million barrels a day seen late last week.
Both agents said the reduction in Iraq's southern oil exports was due to technical problems, but didn't elaborate.