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Iraq's exports of Basra crude would be about 2.93 million barrels a day in August
17/08/2015 (00:01 pm)
Reuters
Expect a source familiar with in the oil sector on Sunday to reach Iraq's exports OPEC member from Basra to about 2.93 million barrels per day in August, while Muscat announced achieved a historic achievement in the oil and condensate production during July, the Libyan government internationally recognized suffer from customers rejected Dealing with the oil company that developed in the East.
The source said that Iraq plans to export about 2.08 million barrels per day of Basra light crude and 850 thousand barrels of heavy crude.
to it, traders said, citing initial download software to the Oil Marketing Company of Iraq (SOMO) that Iraq allocated 3.017 million barrels per day of Basra crude for export in September and expected to jump ore shipments Basra heavy about 400 000 barrels per day compared to the previous month.
He predicted source in the sector to reach ore allocations Basra heavy in the month of September to 1.02 million barrels per day of light crude 1.995 million barrels per day .
The source added that the reason for increased allocations in the next month to postpone some August shipments to September.
Because the storage capacity in Iraq is limited, Sumo is moving to increase the allocations of crude shipments from the quantities available for export so as not to hang production.
In Muscat, the Ministry of Oil and Gas of Oman said in its report Monthly oil and condensate production exceeded one million barrels per day in July for the first time in the history of the Sultanate.
and operates Oman to raise oil production despite the oversupply that pushed crude prices to fall and looks Gulf Arab states to make up for the decline in oil revenues.
The ministry said on its website, "has made the Sultanate For the first time in the history of Omani oil industry, a new record in daily production of crude oil and condensate oil rate during the month of July 2015, where daily production rate exceeded one million barrel barrier for the first time and reached a million and a thousand and eighty-one barrels. "
increased total output 0.5 percent to 894 and 156 thousand barrels of crude and 106 926 barrels of condensate. Salim said Nasser al-Awfi, Undersecretary of the Ministry of Oil and Gas The increase in production is due primarily to lower planned maintenance work unlikely expected to reach the same level of production in August.
The ministry said that crude exports fell in July on a monthly basis because refineries consume more crude volumes.
amounted exports crude over the past month 796 thousand and 977 barrels per day and went all shipments to the Asian market, while Oman Oil Company refineries and petroleum industries got 163 thousand and 62 barrels per day for the purpose of refining.
According to the ministry report that China imported 70 percent of the total Oman exports while Japan got proportion 15 percent.
Although the Sultanate of Oman is a small producer but its crude in the raw materials that determine the benchmark price of millions of barrels issued by the producers in the Middle East to Asia.
In the context of internationally recognized Libyan government suffers from the symptoms of customers from dealing with a company that developed indicated that they prefer to pay the price of oil through the existing channels across national oil enterprise in Tripoli.
He said the new president of the National Foundation for oil in eastern Libya that his country's oil production of between 350 and 380 thousand barrels per day.
This is consistent with recent production figures presented by other Libyan officials. This production is less than a quarter of what used to OPEC member production Libya before the uprising that toppled Muammar Gaddafi in 2011.
The Libyan government internationally recognized and based in the east of the country, the white city since lost control of the capital in favor of a rival group a year ago, Nagy had appointed Moroccan president of the Foundation National Oil also found in the east of the country.
This step is largely symbolic because the oil production and export marketing are controlled by the government Oil Corporation, also known as the National Oil Corporation and in Tripoli, where he holds the parallel responsibility of government.
recognized by the government and established an international oil company, also called it National Oil Corporation based in Middle But Libyan oil customers refuse to deal with them, preferring to pay the price of oil through the existing channels across national oil enterprise in Tripoli.
The Moroccan is currently in Egypt that customers are still dealing with the national oil enterprise in Tripoli, but said he wants change that.
He said Moroccan in a televised statement that "we are going to announce an international conference in Benghazi to acquaint the world with the institutions legitimacy in Libya and call upon the world from this platform that are treated with the National Foundation in white."
and would be holding an event in Benghazi a major challenge because this area of the city war since May 2014, which is experiencing its streets daily clashes between forces loyal to the internationally recognized government and Islamist fighters. Each city Airports closed hotels.
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17/08/2015 (00:01 pm)
Reuters
Expect a source familiar with in the oil sector on Sunday to reach Iraq's exports OPEC member from Basra to about 2.93 million barrels per day in August, while Muscat announced achieved a historic achievement in the oil and condensate production during July, the Libyan government internationally recognized suffer from customers rejected Dealing with the oil company that developed in the East.
The source said that Iraq plans to export about 2.08 million barrels per day of Basra light crude and 850 thousand barrels of heavy crude.
to it, traders said, citing initial download software to the Oil Marketing Company of Iraq (SOMO) that Iraq allocated 3.017 million barrels per day of Basra crude for export in September and expected to jump ore shipments Basra heavy about 400 000 barrels per day compared to the previous month.
He predicted source in the sector to reach ore allocations Basra heavy in the month of September to 1.02 million barrels per day of light crude 1.995 million barrels per day .
The source added that the reason for increased allocations in the next month to postpone some August shipments to September.
Because the storage capacity in Iraq is limited, Sumo is moving to increase the allocations of crude shipments from the quantities available for export so as not to hang production.
In Muscat, the Ministry of Oil and Gas of Oman said in its report Monthly oil and condensate production exceeded one million barrels per day in July for the first time in the history of the Sultanate.
and operates Oman to raise oil production despite the oversupply that pushed crude prices to fall and looks Gulf Arab states to make up for the decline in oil revenues.
The ministry said on its website, "has made the Sultanate For the first time in the history of Omani oil industry, a new record in daily production of crude oil and condensate oil rate during the month of July 2015, where daily production rate exceeded one million barrel barrier for the first time and reached a million and a thousand and eighty-one barrels. "
increased total output 0.5 percent to 894 and 156 thousand barrels of crude and 106 926 barrels of condensate. Salim said Nasser al-Awfi, Undersecretary of the Ministry of Oil and Gas The increase in production is due primarily to lower planned maintenance work unlikely expected to reach the same level of production in August.
The ministry said that crude exports fell in July on a monthly basis because refineries consume more crude volumes.
amounted exports crude over the past month 796 thousand and 977 barrels per day and went all shipments to the Asian market, while Oman Oil Company refineries and petroleum industries got 163 thousand and 62 barrels per day for the purpose of refining.
According to the ministry report that China imported 70 percent of the total Oman exports while Japan got proportion 15 percent.
Although the Sultanate of Oman is a small producer but its crude in the raw materials that determine the benchmark price of millions of barrels issued by the producers in the Middle East to Asia.
In the context of internationally recognized Libyan government suffers from the symptoms of customers from dealing with a company that developed indicated that they prefer to pay the price of oil through the existing channels across national oil enterprise in Tripoli.
He said the new president of the National Foundation for oil in eastern Libya that his country's oil production of between 350 and 380 thousand barrels per day.
This is consistent with recent production figures presented by other Libyan officials. This production is less than a quarter of what used to OPEC member production Libya before the uprising that toppled Muammar Gaddafi in 2011.
The Libyan government internationally recognized and based in the east of the country, the white city since lost control of the capital in favor of a rival group a year ago, Nagy had appointed Moroccan president of the Foundation National Oil also found in the east of the country.
This step is largely symbolic because the oil production and export marketing are controlled by the government Oil Corporation, also known as the National Oil Corporation and in Tripoli, where he holds the parallel responsibility of government.
recognized by the government and established an international oil company, also called it National Oil Corporation based in Middle But Libyan oil customers refuse to deal with them, preferring to pay the price of oil through the existing channels across national oil enterprise in Tripoli.
The Moroccan is currently in Egypt that customers are still dealing with the national oil enterprise in Tripoli, but said he wants change that.
He said Moroccan in a televised statement that "we are going to announce an international conference in Benghazi to acquaint the world with the institutions legitimacy in Libya and call upon the world from this platform that are treated with the National Foundation in white."
and would be holding an event in Benghazi a major challenge because this area of the city war since May 2014, which is experiencing its streets daily clashes between forces loyal to the internationally recognized government and Islamist fighters. Each city Airports closed hotels.
[You must be registered and logged in to see this link.]
