Iraq’s efforts to boost crude oil production in line with Opec+ are being hamstrung by limited export capacity from its primary terminals offshore Basra. Oil Minister Ihsan Ismaael pegs Basra export capacity at 3.3mn b/d, down from pre-Covid levels of around 3.7mn b/d (MEES, 15 April), and data intelligence firm Kpler shows that flows have been broadly flat at 3.2-3.3mn b/d since January. Pumping station upgrades that were meant to add 150,000 b/d in Q2 have been delayed according to Reuters, dealing a major blow to Baghdad.