Iraq’s oil exports drop in April, Oil Ministry says

By SPA,

Baghdad : Iraq’s Oil Ministry says oil exports in April dropped by more than two million barrels because of fighting with militiamen.

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The ministry says that oil exports stood at 57.06 million barrels for April, down from 59.4 million the month before, according to a report of the Associated Press.

The statement Sunday blames the drop on clashes with the Mahdi Army militia of cleric Muqtada al-Sadr during a crackdown in the southern oil port of Basra in early April. It says the fighting damaged pipelines and forced the closing of some units.

Iraq sits on the world’s third-largest oil reserves with more than 115 billion barrels.