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

Oil Climbs on US-Iran Deal Uncertainty

ADNOC Launches Global LNG Trading Powerhouse

Gastech 2026 to convene global energy leaders in Bangkok as Asia accelerates demand, LNG investment and system transformation

Oil Holds Steady After US, Iran Agree to Cease Attacks

Floating Nuclear: A New Offshore Energy Frontier

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Qatari LNG Carriers Re-Enter Hormuz as Traffic Through Strait Slumps

Oil Edges Higher as Uncertainty Clouds US-Iran Truce

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

Current News

From Fixtures to Values: Where the Jackup Recovery Is Already Being Priced

Eni and Petronas JV Extend Ventura Offshore’s Drilling Job in Indonesia

Dolphin Drilling’s Blackford Dolphin Secures More Work for Oil India

Oil Surges 3% on Renewed US-Iran Strikes

Offshore Vessel Pair Ordered from Grandweld Shipyard

ADNOC, XRG and Mitsui Broaden Energy Cooperation

Ruwais LNG Commitments Top 90% Capacity with New INPEX Deal

Saipem Lands $2B FPSO Deal for Offshore Gas Field in Indonesia

Oil Climbs on US-Iran Deal Uncertainty

Saudi Arabia Eyes Oil Pipeline Expansion to Red Sea

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