Terminal in Southern Iraq Achieves Record Oil Exports Despite Unrest

According to loading data and industry news, export terminal in southern Iraq's oil exports in June approaching record highs, despite the attacks on Sunni Islamist insurgents, and most of Iraq's northwestern and central regions fall into these the hands of the rebels.

Although the Iraqi government to take action to strengthen security, but the oil giant Exxon Mobil (XOM) and BP to evacuate some staff, the development of the situation has prompted fears that Iraqi crude oil exports may be slowing.

Iraqi officials said, in the southern region of the country producing 90% of the oil is completely free from the threat of Iraq and the Levant Argenteuil Islamic State (ISIL)'s. As the army retreated, ISIL has occupied most of northern Iraq in a week time.

Track in June, according to Reuters before 21 days of shipment data, Basrah (Basra) and export terminal in southern Iraq another 253 million barrels of daily oil exports. The two estimates of the export industry sources observed is similar.

"I think the turmoil will not have any effect on Basra." Imports of Iraqi oil company, a trader said on Monday. "(Basra) location is very near the South."

June's average daily export volume so far approaching created by May high of 258 million barrels since 2003, but lower than the export volume in June Iraqi officials previously planned 270 million barrels.

Although there is no indication that southern exports fell, but traders worried that the insurgency in Iraq could affect yield.

"Turbulence may cause a drag - will not affect exports, but production may not increase," the company's purchase of Iraqi crude oil trader said.

(compiled Xu Na; revisers Li Ting Miriam)