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, July, 5, 12:09:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
2022, July, 5, 12:08:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
2022, July, 5, 12:05:00
GLOBAL NUCLEAR SMR STANDARDIZATION
Senior nuclear regulators and industry leaders met for the first time under the IAEA’s Nuclear Harmonization and Standardization Initiative (NHSI) on 23-24 June to discuss roadmaps to accelerate the safe and secure deployment of advanced nuclear reactors, with a particular focus on small modular reactors (SMRs).
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
2022, July, 5, 12:00:00
RUSSIAN NUCLEAR FOR EGYPT
El-Dabaa - Egypt's first NPP - is to be built in the province of Matruh on the Mediterranean coast, about 300km north-west of Cairo.
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
2022, July, 5, 11:55:00
STRONG OIL VOLATILITY
Last week we saw major volatility on the Oil tabs especially on the Bearish alignment,as the rangebound zones maintained within the Crude Oil WTI
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
2022, July, 5, 11:50:00
RUSSIAN LNG CONTROL
The decree created a new Russian firm that will take over all rights and obligations of Sakhalin Energy Investment Corporation.
IRAQ'S OIL EXPORTS 3.9 MBD UP 5.6%
2022, July, 5, 11:45:00
WORLDWIDE RIG COUNT UP 78 TO 1,706
The Worldwide Rig Count for May was 1,706, up 78 from the 1,628 counted in May 2022,and up 381 from the 1,325 counted in May 2021.
All Publications »