Oil Exports from Iraqi Southern Ports Slide

Thursday, November 1, 2018

Iraq's oil exports from southern ports on the Gulf averaged 3.469 million barrels per day (bpd) in October, lower than the September average, the oil ministry said on Thursday.

Iraq exported 3.560 million bpd of crude oil in September.

Iraqi oil executives told Reuters on Wednesday exports were down from the September average owing to bad weather, which slowed shipments down on some days.

The average sale price in October was $74.912 per barrel, generating more than $8 billion in revenue, the ministry said.

All volumes shipped in October came from the southern fields, the ministry said.

Iraq is OPEC's second-largest producer after Saudi Arabia and pumps around 4.6 million bpd.

The bulk of Iraq's oil is exported via the southern terminals, which account for more than 95 percent of the OPEC producer's state revenue.


(Reporting by Ahmed Rasheed; Editing by Susan Fenton and Mark Potter)

Categories: Tankers Ports Energy Middle East Oil

Related Stories

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

ADNOC Secures LNG Supply Deal with India's BPCL

Petronas Preps for Sabah-Sarawak Gas Pipeline Decom Op

European LNG Imports Up with Asian Influx

EnQuest to Acquire Harbour Energy's Vietnamese Assets

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

Current News

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com