Iraq Oil Exports 2.5m Bpd In April

Posted by Greg Trauthwein
Saturday, April 26, 2014
Iraq said it had exported an average of 2.5 million barrels per day (bpd) of oil in April so far, exceeding its figures in March, and would have sent out even more if insurgents had not sabotaged its northern pipeline.
 
Deputy Prime Minister for Energy Hussain al-Shahristani said the figure could have reached 3.2 million bpd without the damage and if the autonomous Kurdistan region had met its 400,000 bpd target.
 
In March, Iraq reported a 2.39 million bpd average.
 
"Regrettably, the security forces failed to secure the northern export pipeline, or we would have been capable of exporting between 2.8 and 3 million bpd, even without a contribution from the Kurdish region," Shahristani said.
 
Kurdistan has not exported any oil via Iraqi infrastructure for more than a year due to an ongoing row with the federal government over resource rights and revenue sharing.
 
Nevertheless, exports averaged 2.4 million bpd in the first quarter of 2014, Shahristani added.
 
No oil has flowed through the northern export pipeline to Turkey since early March when it was bombed, and repair-work is on hold because insurgents have killed technicians sent to fix it.
 
"The northern export pipeline still shut down due to the terrorist operations and the spread of ISIL groups along the pipeline passage areas," Shahristani said.
 
(Reporting by Ahmed Rasheed; Writing by Isabel Coles; Editing by Erica Billingham)
 
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Eni Finds Giant Egyptian Offshore Gas Field

The Italian energy major Eni SpA discovered a “super giant” natural gas field offshore Egypt in what the Italian oil company said is the largest find in the Mediterranean Sea.

Syncrude Uncertain about Plant Fire Affecting Production

The operator of Canada's largest synthetic crude project said on Saturday it is investigating the causes of an early morning fire at an upgrading plant. Firefighters extinguished the blaze,

China Passes New Pollution Law, Will Cap Coal Consumption

Legislators have approved amendments to China's 15-year-old air pollution law that grant the state new powers to punish offenders and create a legal framework to cap coal consumption,

Middle East

Oman Drydock Company Expands Rapidly

Oman Drydock Company (ODC) is growing fast. In January, the yard hit an important milestone - its 300th drydocking. Harnessing the power of its new $1.8 billion, 1.

Iranian Ship, Crew Escape Captivity off Somali Coast

An Iranian fishing vessel and its crew have escaped after being held captive for five months by Somali fishermen, maritime piracy experts said on Friday, but it

Oil Steadies as Equities Rally

Recovering stock markets boost oil prices; U.S. crude on track for first weekly gain in nine weeks. Oil prices steadied on Friday after bouncing back from six-and-a-half-year

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4103 sec (2 req/sec)