A tug boat maneuvers near an oil tanker at the Al-Basra Oil Terminal. (BEN LANDO/Iraq Oil Report/Metrography) Oil exports increased by an average of 70,000 barrels per day (bpd) in May over April, with a third single point mooring (SPM) buoy put into action and a new platform metering crude in the Basra Gulf. The average 2.58 million bpd of exports was a massive jump from the previous month, which itself was revised upward after the final data were calculated. It is an important milestone in a country that is solely dependent on oil revenue, especially as the Iraq-Turkey Pipeline (ITP) remained ou… This content is for registered users. Please login to continue. If you are not a registered user, you may purchase a subscription or sign up for a free trial .