Home
Iraq’s oil exports rose by 10,000 barrels per day in December, from 2.135 million bpd to 2.145 million bpd, according to a report from Platts.
Citing data from the State Oil Marketing Organization (SOMO), the agency also says that the country’s oil production fell by 13,000 bpd in December, to 2.652 million bpd from 2.665 million bpd in November.
Based on monthly data obtained exclusively by Platts, Iraq’s oil exports increased by 273,000 bpd or 14.4% in 2011 to average 2.165 million bpd, up from 1.892 million bpd in 2010.
The latest SOMO figures show oil exports from northern Iraq slipping by 11,000 bpd in December, to 412,000 bpd from 423,000 bpd the previous month.
The northern exports consisted of 408,000 bpd by pipeline to Turkey’s Ceyhan terminal (pictured) on the Mediterranean coast, and 4,000 bpd by truck to Jordan.
Iraqi oil exports from southern terminals on the Persian Gulf rose by 21,000 bpd in December, to 1.733 million bpd, up from 1.712 million bpd in November.
Sources said crude oil stocks in southern Iraq at the end of December stood at 3.7 million barrels, down from 4.3 million barrels a month earlier.
Crude oil production from northern Iraq is estimated to have fallen by 55,000 bpd in December, to 677,000 bpd from 732,000 bpd in November, after adjusting SOMO’s figures for domestic supplies to refineries and power stations and for fuel oil and other processed products, surplus to local requirements, being mixed into the export stream.
The December northern output estimate includes about 75,000 bpd of crude from Iraqi Kurdistan. That volume was flat compared with November, but well below the record rate for Kurdish contributions to Iraq’s northern export system of 155,000 bpd reached in June. The reduction in Kurdish crude flow has followed reported technical problems, attributed to back-pressure in Iraq’s Kirkuk-Ceyhan export pipeline, that surfaced in September.
Production from Iraq’s southern oil fields was estimated to have risen by 42,000 bpd in December, to 1.975 million bpd from 1.933 million bpd in November, after similar adjustments to the export figures.
Northern exports in 2011 rose by 42,000 bpd or 10% to 455,000 bpd from 413,000 bpd in 2010. The increase was due to the restart of Kurdish exports in Feb 2011 after a seven-month suspension.
The 2011 northern exports included an average 447,000 bpd delivered to Ceyhan and 8,000 bpd to Jordan.
Southern Iraqi exports climbed by 231,000 bpd or 15.6% in 2011 to average 1.71 million bpd, up from 1.479 million bpd in 2010.
[You must be registered and logged in to see this link.]
Citing data from the State Oil Marketing Organization (SOMO), the agency also says that the country’s oil production fell by 13,000 bpd in December, to 2.652 million bpd from 2.665 million bpd in November.
Based on monthly data obtained exclusively by Platts, Iraq’s oil exports increased by 273,000 bpd or 14.4% in 2011 to average 2.165 million bpd, up from 1.892 million bpd in 2010.
The latest SOMO figures show oil exports from northern Iraq slipping by 11,000 bpd in December, to 412,000 bpd from 423,000 bpd the previous month.
The northern exports consisted of 408,000 bpd by pipeline to Turkey’s Ceyhan terminal (pictured) on the Mediterranean coast, and 4,000 bpd by truck to Jordan.
Iraqi oil exports from southern terminals on the Persian Gulf rose by 21,000 bpd in December, to 1.733 million bpd, up from 1.712 million bpd in November.
Sources said crude oil stocks in southern Iraq at the end of December stood at 3.7 million barrels, down from 4.3 million barrels a month earlier.
Crude oil production from northern Iraq is estimated to have fallen by 55,000 bpd in December, to 677,000 bpd from 732,000 bpd in November, after adjusting SOMO’s figures for domestic supplies to refineries and power stations and for fuel oil and other processed products, surplus to local requirements, being mixed into the export stream.
The December northern output estimate includes about 75,000 bpd of crude from Iraqi Kurdistan. That volume was flat compared with November, but well below the record rate for Kurdish contributions to Iraq’s northern export system of 155,000 bpd reached in June. The reduction in Kurdish crude flow has followed reported technical problems, attributed to back-pressure in Iraq’s Kirkuk-Ceyhan export pipeline, that surfaced in September.
Production from Iraq’s southern oil fields was estimated to have risen by 42,000 bpd in December, to 1.975 million bpd from 1.933 million bpd in November, after similar adjustments to the export figures.
Northern exports in 2011 rose by 42,000 bpd or 10% to 455,000 bpd from 413,000 bpd in 2010. The increase was due to the restart of Kurdish exports in Feb 2011 after a seven-month suspension.
The 2011 northern exports included an average 447,000 bpd delivered to Ceyhan and 8,000 bpd to Jordan.
Southern Iraqi exports climbed by 231,000 bpd or 15.6% in 2011 to average 1.71 million bpd, up from 1.479 million bpd in 2010.
[You must be registered and logged in to see this link.]
