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Iraq starts exporting two types of oil quantity 850 000 barrels in June [expanded]
31/05/2015
[Baghdad-where]
Oil Minister Adel Abdul Mahdi said on Sunday that Iraq will begin on Monday the export of two types of oil [Basra heavy] and [Basrah Light.
Mahdi said in a statement received by the agency all of Iraq [where] a copy of it "will begin Iraq as of June 1 [tomorrow] export two types of oil [Basra light] and [Basra heavy] We believe that this step were not only necessary, but are needed to protect reputation and the quality of Iraqi oil, and to protect the production and exports, and reduce the losses and damages incurred by us, a process taking place for the first time for the oil industry in Iraq. "
And that "[Basra light] is Iraq's historic oil, which also refers to him his name from light oils that exceed the API [US standard for measuring the quality of oil] for 30 points, and when the South was the production of limited fields and the depths of specific the quality of the oil was fixed according to specifications [Basra light] who you know well international companies and refineries. "
However, Abdul-Mahdi, "saying but after licensing rounds and the expansion of production of fields specifications vary, and after that Schacht some old fields, and began oil specifications different from what was known historically, we we face serious problems with importing companies for our oil. When expect refineries contracts it shall do so in accordance with the specific specifications consistent with the refineries. "
He continued, "We started receiving a lot of complaints for the reasons above, and we were forced to reduce production of quite a few of the fields, was losing double, the first that we need to pay compensation operating companies that we ask it to reduce production, and we lost quantities of oil can be exported, but we are not doing this in order to preserve the quality [of Basra light]. "
he explained Minister Oil he was "a few months ago, in a session [pricing] monthly discussed the complaints, and made the decision to export [Basra heavy] in addition to [Basra light, but the infrastructure of pipes and tanks and platforms were not allow to carry out the separation, as global markets were not learning new oil specifications that we want to put on them. "
And went Abdul-Mahdi said, "we estimate that we will need a full year before the completion of all of these requirements, but officials and employees of the ministry and its companies are determined to do everything possible to get the job done faster than that, and has already been customizable repository [Brick] to receive the oil [Basra heavy] from the fields that produced, were pipelines quickly to reservoirs, has been allocated the necessary export platforms, and through it been sent [the samples] to international companies to inspect the product, and we have pricing [of Basra heavy, and we sat down waiting for orders and the reaction of the markets. "
He "has reached the requests were perfect fit for us, and will be for the month of June 850 000 barrels / day, including 150 000 barrels / day, we had Aguettanaha formerly of our production and our exports in order to preserve [Basra light, the process worked smoothly and without major obstacles, as we expect, this step will bring back production rates according to our capabilities, and will return immediately to export all we refrain from export to maintain the quality [of Basra light ".
The Minister of Oil, "This is a great gain, and thus we expect to stop holding Discounts Our prices and the losses we have suffered, the more varied quality for the contracted specifications, sometimes up to $ 3, which is close to the price difference between [Basra Light] and [Heavy Basra]. "ended
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31/05/2015
[Baghdad-where]
Oil Minister Adel Abdul Mahdi said on Sunday that Iraq will begin on Monday the export of two types of oil [Basra heavy] and [Basrah Light.
Mahdi said in a statement received by the agency all of Iraq [where] a copy of it "will begin Iraq as of June 1 [tomorrow] export two types of oil [Basra light] and [Basra heavy] We believe that this step were not only necessary, but are needed to protect reputation and the quality of Iraqi oil, and to protect the production and exports, and reduce the losses and damages incurred by us, a process taking place for the first time for the oil industry in Iraq. "
And that "[Basra light] is Iraq's historic oil, which also refers to him his name from light oils that exceed the API [US standard for measuring the quality of oil] for 30 points, and when the South was the production of limited fields and the depths of specific the quality of the oil was fixed according to specifications [Basra light] who you know well international companies and refineries. "
However, Abdul-Mahdi, "saying but after licensing rounds and the expansion of production of fields specifications vary, and after that Schacht some old fields, and began oil specifications different from what was known historically, we we face serious problems with importing companies for our oil. When expect refineries contracts it shall do so in accordance with the specific specifications consistent with the refineries. "
He continued, "We started receiving a lot of complaints for the reasons above, and we were forced to reduce production of quite a few of the fields, was losing double, the first that we need to pay compensation operating companies that we ask it to reduce production, and we lost quantities of oil can be exported, but we are not doing this in order to preserve the quality [of Basra light]. "
he explained Minister Oil he was "a few months ago, in a session [pricing] monthly discussed the complaints, and made the decision to export [Basra heavy] in addition to [Basra light, but the infrastructure of pipes and tanks and platforms were not allow to carry out the separation, as global markets were not learning new oil specifications that we want to put on them. "
And went Abdul-Mahdi said, "we estimate that we will need a full year before the completion of all of these requirements, but officials and employees of the ministry and its companies are determined to do everything possible to get the job done faster than that, and has already been customizable repository [Brick] to receive the oil [Basra heavy] from the fields that produced, were pipelines quickly to reservoirs, has been allocated the necessary export platforms, and through it been sent [the samples] to international companies to inspect the product, and we have pricing [of Basra heavy, and we sat down waiting for orders and the reaction of the markets. "
He "has reached the requests were perfect fit for us, and will be for the month of June 850 000 barrels / day, including 150 000 barrels / day, we had Aguettanaha formerly of our production and our exports in order to preserve [Basra light, the process worked smoothly and without major obstacles, as we expect, this step will bring back production rates according to our capabilities, and will return immediately to export all we refrain from export to maintain the quality [of Basra light ".
The Minister of Oil, "This is a great gain, and thus we expect to stop holding Discounts Our prices and the losses we have suffered, the more varied quality for the contracted specifications, sometimes up to $ 3, which is close to the price difference between [Basra Light] and [Heavy Basra]. "ended
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