RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2020-03-04 09:50:00

IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%

IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%

PLATTS - 03 Mar 2020 - Iraq's February crude exports jumped 5.6% from a month earlier as the semi-autonomous Kurdish region's exports rose by more than a third to the highest level since October 2017, according to shipping and official data obtained by S&P Global Platts.

Iraq's total exports, which include those of Kurdistan, reached 3.873 million b/d in February, up from 3.667 million b/d in January, according to the data issued by local shipping agents on Tuesday. The total figure is still lower than the all-time high export rate of 4.145 million b/d achieved in December 2018.

The ministry has yet to release official production figures for February.

The total included exports from the federal government of 3.391 million b/d, which is 3.3 % higher than January's figure thanks to higher exports from the southern terminals despite two days of bad weather in the Persian Gulf. The total also included 482,000 b/d of Kurdistan oil, which rose 33.5% from January to the highest level since October 2017.

OPEC+ compliance

Iraq, which exceeded last year its OPEC+ quota, is struggling to comply with its new production limit of 4.46 million b/d that started in January and will be implemented through March.

OPEC+, led by Saudi Arabia and Russia, is in the midst of trimming global output by 1.7 million b/d to soak up excess supply in the first quarter. The alliance is set to meet March 5-6 in Vienna as it mulls shaving another 600,000 b/d from its output due to an anticipated drop in crude demand from top oil importer China, where the outbreak of the deadly coronavirus has crimped economic growth.

In February, Iraq said its January production fell 70,000 b/d to 4.47 million b/d, still above its OPEC+ quota.

The latest S&P Global Platts OPEC survey also showed overproduction in January at 4.6 million b/d, breaking a four-month trend of improving compliance.

----- 

Tags: IRAQ
Chronicle:
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
2022, January, 21, 10:54:00
ГИДРОЭНЕРГЕТИКА ЦЕНТРАЛЬНАЯ АЗИЯ И КАСПИЙ 2022, ВЫСТАВКА И КОНГРЕСС
Рады сообщить, что свое участие в 6-м ежегодном международном конгрессе и выставке «Гидроэнергетика Центральная Азия и Каспий 2022» (г. Душанбе, Таджикистан, 16-17 февраля) подтвердили уже более 150 руководителей ключевых энергетических компаний региона.
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
2022, January, 21, 10:53:00
PIPELINES GREEN TRENDS TO BE DISCUSSED AT TOGC CONGRESS
Carbon-neutral energy market in Europe requires O&G majors’ attention because it remains one of the most influencing market topics of the XXI century. The Transportation Oil and Gas Congress 2022 (TOGC 2022) gives pipeline industry representatives an opportunity to discuss development trends on 21-22, February, 2022.
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
2022, January, 21, 10:52:00
LEARN THE LATEST GLOBAL LNG TRENDS WITH LNGCON 2022
The next edition of the International LNG Congress (LNGCON 2022) takes place in Dusseldorf, Germany on March 28-30, 2022. Covering the whole LNG value chain, the Congress brings together decision makers of the industry to tackle the most relevant issues such as the role of LNG in the transition towards zero-carbon shipping.
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
2022, January, 21, 10:51:00
ENERGY WEEK CENTRAL ASIA & MONGOLIA 2022
To learn more, join the upcoming high-level international investment conference Energy Week Central Asia & Mongolia 2022, which will take place on 26-28th April in Tashkent.
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
2022, January, 21, 10:50:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
2022, January, 21, 10:49:00
SWEDISH NUCLEAR HYDROGEN
OKG has long operated a facility at the Oskarshamn site which uses electricity from the power plant to produce hydrogen through the electrolysis of water.
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
2022, January, 21, 10:45:00
SAUDI ARABIA'S HYDROGEN
Private sector firms in Saudi Arabia will be encouraged to import hydrogen-powered vehicles as part of the Kingdom's green iniative
All Publications »