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2018-01-03 15:40:00

IRAQ'S OIL EXPORT UP TO 3.535 MBD

IRAQ'S OIL EXPORT UP TO 3.535 MBD

PLATTS - Federal crude oil exports from Iraq's southern Persian Gulf terminals edged up in December to reach a new record high, averaging 3.535 million b/d, up 33,000 b/d from in November, the latest data from the oil ministry showed.

State Oil Marketing Organization (SOMO) exported some 109,573,817 barrels over the month, the oil ministry said in a statement.

This earned the country $6.496 billion in revenues, with prices for the month averaging $59.286/b, it said.

The November rate of 3.502 million b/d was already the highest level for 2017.

The oil ministry said the exports came from Iraq's southern and central oil fields, but did not include any shipments from its northern Kirkuk fields. All federal exports were shipped from the Gulf terminals, with no barrels leaving the Turkish Mediterranean port of Ceyhan.

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Earlier:

 TURKEY NEED IRAQI OIL
2017, September, 29, 12:15:00

TURKEY NEED IRAQI OIL

The government of Turkey said it will deal exclusively with the Iraqi government on oil exports after voters in the semiautonomous Kurdistan Region of Iraq supported independence in a controversial referendum.

 

 RUSSIA - KURDISTAN INVESTMENT
2017, September, 22, 08:50:00

RUSSIA - KURDISTAN INVESTMENT

Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.

 

 IRAQI OIL TO U.S.
2017, September, 22, 08:40:00

IRAQI OIL TO U.S.

Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.

 

 IMF HAS IRAQ
2017, August, 16, 09:10:00

IMF HAS IRAQ

To strengthen financial sector stability, Directors encouraged the authorities to take measures to bolster supervision, and move forward with plans to restructure the statemdash;owned banks that dominate the banking system. They also encouraged strengthening the legal framework of the Central Bank, eliminating a remaining exchange restriction and a multiple currency practice, and accelerating implementation of AML/CFT and antimdash;corruption measures. Directors considered that the peg to the U.S. dollar, which provides a key anchor to the economy, remains appropriate.

 

 KURDISH - IRAQI OIL
2017, March, 3, 18:40:00

KURDISH - IRAQI OIL

Crude oil flows from the Kirkuk fields in northern Iraq were briefly disrupted on Thursday after a Kurdish faction seized a pumping facility in protest at the policies of Baghdad and Erbil, adding a new threat to Iraq’s attempts to comply with Opec’s agreed cuts.

 

 IRAQ PLANS 3.6 MBD
2017, January, 11, 18:35:00

IRAQ PLANS 3.6 MBD

Iraq plans to raise crude exports from its southern port of Basra to an all-time high in February, keeping exports high even as OPEC production cuts take effect this month.

 

 IRAQ'S OIL RECORD: 4.051 MBD
2016, December, 9, 18:35:00

IRAQ'S OIL RECORD: 4.051 MBD

Iraq’s Ministry of Oil has said that total oil exports for November have reached a record high of 4.051 million bpd.

Tags: IRAQ, OIL, EXPORT
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