2022-02-01 14:35:00
IRAQ OIL EXPORTS DOWN
PLATTS - 01 Feb 2022 - Iraq's federal oil exports, excluding flows from the semi-autonomous Kurdistan region, fell more than 2% in January from December, the oil ministry said Feb. 1, despite a higher OPEC+ quota for the month.
Federal oil exports in January dropped to 3.203 million b/d from 3.277 million b/d in December, according to the ministry figures.
Iraq's OPEC+ quota rose to 4.281 million b/d in January from 4.237 million b/d in December as members of the 23-member coalition continued to ease their production curbs by 400,000 b/d a month. The quota covers production, and not exports. The ministry did not disclose volumes of internal crude consumption nor inventory changes.
Iraq's February quota is 4.325 million b/d.
Iraq has not yet released the production figures for January.
Kirkuk disruption
OPEC+ ministers, who are convening monthly, are set to meet virtually on Feb. 2 to decide on March production levels.
Federal Iraq's central and southern exports fell 2% to 3.111 million b/d in January from a month earlier, while its exports of Kirkuk crude via the Turkish Port of Ceyhan declined 5.7% to 82,118 b/d.
Iraq's exports of Kirkuk were briefly disrupted on Jan. 18-19 after flows from the Kirkuk-Ceyhan pipeline stopped following an explosion in southern Turkey which temporarily shut the key export route.
OPEC's second largest producer raked in January $8.27 billion by selling its crude at $83.246/b, compared with $7.39 billion in exports at $72,768/b in December.
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Earlier:
2022, January, 11, 11:50:00
IRAQ OIL PRODUCTION 4 MBD
Iraq, OPEC's second largest producer, has a January quota of 4.281 million b/d.
2021, December, 10, 14:50:00
IRAQ OIL PRODUCTION UP TO 4.2 MBD
Iraq's OPEC+ quota rose to 4.193 million b/d last month, from 4.149 million b/d in October, as the coalition continued to raise production caps.
2021, November, 15, 11:35:00
IRAQ GAS DEVELOPMENT
The majority of Iraq's gas output is pumped with oil and the associated gas is mostly flared. Iraq was the world's second-worst flaring nation after Russia in 2020, according to the World Bank.
2021, November, 2, 13:35:00
IRAQ OIL EXPORTS UP
Iraq's OPEC+ quota in October was 4.149 million b/d, up from 4.105 million b/d in September.
