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 Energy Oil Middle East Ports

Related Stories

Finder Energy Buys Petrojarl I FPSO for Timor-Leste Oil and Gas Projects

CNOOC Puts New South China Sea Development Into Production Mode

Mubadala Energy, PLN Energy Primer Team Up for Andaman Sea Gas Supply

Pakistan Greenlights TPOC-Led Offshore Exploration in Block-C

TechnipFMC to Supply Subsea Systems for Eni’s Maha Deepwater Project

Sponsored: Record Deals and Record Attendance Underscore ADIPEC’s Global Impact

Sponsored: Policy, AI, and Capital Take Center Stage at ADIPEC 2025

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Brownfield Output Decline Accelerates, says IEA

SPE Offshore Europe 2025 set to drive transformational change for the energy sector

Current News

Finder Energy Buys Petrojarl I FPSO for Timor-Leste Oil and Gas Projects

CNOOC Puts New South China Sea Development Into Production Mode

ADES Nets $63M Contract for Compact Driller Jack-Up off Brunei

Mubadala Energy, PLN Energy Primer Team Up for Andaman Sea Gas Supply

BP Hires Seatrium to Deliver Tiber FPU in Gulf of America

Venture Global, Tokyo Gas Ink 20-Year LNG Supply Deal

Greater Sunrise Moves to Next Phase with Timor-Leste, Woodside Deal

Russia Seeks to Boost Oil Exports to China as Sanctions Tighten

Blackford Dolphin Semi-Sub to Keep Drilling Offshore India

Aramco Expands US Partnerships with $30B in New Deals

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