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Iraq is seeking to increase its oil exports of 400 thousand b / d within two months
[8:49] 12/Jan/18
Oil processing plant in Basra, south of Baghdad - Reuters
Erbil Jan. 18 (PNA) - A senior source in the Iraqi oil industry on Tuesday that Iraq is seeking to strengthen its oil exports by up to 400 thousand barrels per day over the next two months with the operation of a new port on the Gulf, referring to the largest increase in production capacity in the world this year.
Baghdad and perhaps finally become able to export all the additional amounts that abstraction foreign oil companies from giant fields with the entry of its ambitious oil development in its third year.
Constraints have led to the development of infrastructure and the difficulties faced by the export to keep some of the new oil in the ground and left the exports of oil south at about 1.7 million barrels per day in most of the last year.
The source told Reuters that start with the first three platforms for export, it is expected to increase sales of Basra Light crude from southern Iraq, including up to 200 thousand barrels per day in February to reach 1.9 million barrels per day and can be up shipments to 2.1 million barrels per day by March .
"The program was completed for the month of February. If all goes well will reach Basra Light crude exports to 1.9 (million barrels per day)."
It is expected that shipments remain Kirkuk in the north stable at about 400 thousand barrels per day, which means that the total Iraqi oil exports will reach about 2.3 million barrels per day, achieving a record high since the outbreak of war in 2003.
It is expected to reach rates this month to about 2.15 million barrels per day without little changed from December.
The source said that by March the fields of the giant South Rumaila, which is run by me. Me and West Qurna -1, led by Exxon Mobil and Eni Zubair run could easily supply the export of Basra Light crude by about 2.1 million barrels per day.
The sources said that the Rumaila oil field, the largest producer in Iraq is currently pumping about 1.4 million barrels per day, up from 1.25 million barrels per day on average last year. And produces the West Qurna field-1's 390 thousand barrels per day, Zubair about 250 thousand barrels per day.
And contribute to Maysan fields and Ahdab also supply Basra Light crude exports.
Iraq's production rose by more than 300 thousand barrels per day since the first award of contracts to international oil companies in 2009. Sources expect the growth of additional oil by 300 thousand barrels per day this year, bringing the production to three million barrels per day, allowing the country's export 2.5 million barrels per day.
And stopped shipments of the level of Basrah light crude in most of the last year at about 1.7 million barrels per day with the failure to increase exports from the south. Iraqi officials had expected the operation of the first platform of the three new export platforms in the first of January this year, but the tests had been postponed.
And the other two platforms will be launched as part of the promotion of exports in the Gulf, which cost $ 1.3 billion by the end of the year.
The source said the Iraqi oil marketing company-governmental organizations (SOMO) sent official notification to the customer that the first stage of the export capacity of 900 thousand barrels per day will begin operating as of February.
The source said the oil market, "It seems that they are confident of access to high levels but we are still a bit cautious."
And will increase the flow of Iraqi oil is good news for customers from Europe, India and China who are seeking alternative sources of supply from Iran, which faces a threat to tighten the sanctions from the West over its nuclear program.
The source said that some customers seeking larger amounts in the contracts of 2012 in anticipation of it.
"They go too far by step. Want to secure alternative supplies as soon as possible."
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[8:49] 12/Jan/18
Oil processing plant in Basra, south of Baghdad - Reuters
Erbil Jan. 18 (PNA) - A senior source in the Iraqi oil industry on Tuesday that Iraq is seeking to strengthen its oil exports by up to 400 thousand barrels per day over the next two months with the operation of a new port on the Gulf, referring to the largest increase in production capacity in the world this year.
Baghdad and perhaps finally become able to export all the additional amounts that abstraction foreign oil companies from giant fields with the entry of its ambitious oil development in its third year.
Constraints have led to the development of infrastructure and the difficulties faced by the export to keep some of the new oil in the ground and left the exports of oil south at about 1.7 million barrels per day in most of the last year.
The source told Reuters that start with the first three platforms for export, it is expected to increase sales of Basra Light crude from southern Iraq, including up to 200 thousand barrels per day in February to reach 1.9 million barrels per day and can be up shipments to 2.1 million barrels per day by March .
"The program was completed for the month of February. If all goes well will reach Basra Light crude exports to 1.9 (million barrels per day)."
It is expected that shipments remain Kirkuk in the north stable at about 400 thousand barrels per day, which means that the total Iraqi oil exports will reach about 2.3 million barrels per day, achieving a record high since the outbreak of war in 2003.
It is expected to reach rates this month to about 2.15 million barrels per day without little changed from December.
The source said that by March the fields of the giant South Rumaila, which is run by me. Me and West Qurna -1, led by Exxon Mobil and Eni Zubair run could easily supply the export of Basra Light crude by about 2.1 million barrels per day.
The sources said that the Rumaila oil field, the largest producer in Iraq is currently pumping about 1.4 million barrels per day, up from 1.25 million barrels per day on average last year. And produces the West Qurna field-1's 390 thousand barrels per day, Zubair about 250 thousand barrels per day.
And contribute to Maysan fields and Ahdab also supply Basra Light crude exports.
Iraq's production rose by more than 300 thousand barrels per day since the first award of contracts to international oil companies in 2009. Sources expect the growth of additional oil by 300 thousand barrels per day this year, bringing the production to three million barrels per day, allowing the country's export 2.5 million barrels per day.
And stopped shipments of the level of Basrah light crude in most of the last year at about 1.7 million barrels per day with the failure to increase exports from the south. Iraqi officials had expected the operation of the first platform of the three new export platforms in the first of January this year, but the tests had been postponed.
And the other two platforms will be launched as part of the promotion of exports in the Gulf, which cost $ 1.3 billion by the end of the year.
The source said the Iraqi oil marketing company-governmental organizations (SOMO) sent official notification to the customer that the first stage of the export capacity of 900 thousand barrels per day will begin operating as of February.
The source said the oil market, "It seems that they are confident of access to high levels but we are still a bit cautious."
And will increase the flow of Iraqi oil is good news for customers from Europe, India and China who are seeking alternative sources of supply from Iran, which faces a threat to tighten the sanctions from the West over its nuclear program.
The source said that some customers seeking larger amounts in the contracts of 2012 in anticipation of it.
"They go too far by step. Want to secure alternative supplies as soon as possible."
[You must be registered and logged in to see this link.]
