46695
Iraq to Boost Oil Exports
Energy

Iraq to Boost Oil Exports

Iraq's oil exports from its southern ports rose to 3.2 million barrels per day on average in July, up from 3.175 million bpd in June, as the OPEC nation increased crude production, two Iraqi oil officials said on Monday. Output at the state-run Luhais field increased by 10,000 bpd to 90,000 bpd in July. Fields operated by foreign companies in southern Iraq also contributed to the July increase, sources with the knowledge of the matter told Reuters. The southern region produces most of the OPEC member's crude oil. The northern Kurdish Regional Government exports about 500,000 bpd through a pipeline to the Turkish port of Ceyhan, on the Mediterranean, but that is done independent of the central government in Baghdad which oversees crude sales from the south. Iraqi officials and oil analysts expect further growth in the country's exports this year, although at a slower rate than in 2015. Iraq last year boosted production by more than 500,000 bpd, despite spending cuts by companies working at the southern fields and conflict with Islamic State militants.

 

Short URL : http://goo.gl/KAOa02
  1. http://goo.gl/4IXPg2
  • http://goo.gl/7fGmDp
  • http://goo.gl/IiGuK7
  • http://goo.gl/f5FYqE
  • http://goo.gl/a8UZtC

You can also read ...

Shipments in the first two weeks of the month were 4.05 million bpd, the highest since November 2016.
Iraq exported oil at the fastest pace since late 2016 during...
Investment in new conventional capacity is set to plunge in 2018 to about one-third of the total.
As the world’s energy sector moves toward greater...
Iran's June Onshore Oil Stocks Up 3.2m Barrels
Iran’s onshore oil stocks rose 3.2 million barrels in June...
Oil Prices Fall on Rise in US Stocks
Oil prices fell on Wednesday after news of a rise in US crude...
India Faces Iran Dilemma
The US embargo on Iran's oil shipments has put Indian Prime...
Power Supply to Iraq Cut  Over Rising Domestic Demand
Energy Minister Reza Ardakanian said on Tuesday Iran has cut...
Petrochem Company Indigenizes Equipment
In spite of international restrictions on accessing cutting-...
Gas Consumption Rising
Iran’s daily gas consumption hit 521 million cubic meters on...

Trending

Googleplus