Iraq Exported 3.2mb/d of Oil in September

Iraq Exported 3.2mb/d of Oil in September

Iraq’s State Oil Marketing Company (SOMO) has sold an average of 3.276mb/d in oil exports during September, Business Recorder reported. According to Iraq’s Oil Minister these exports included an average of 3.245mb/d from the country’s southern ports , an increase of 15,000b/d from August’s export volumes of 3.230mb/d.

Additionally, the country exported 935,270 barrels, averaging 31,176b/d, via a pipeline to the Turkish Mediterranean port of Ceyhan in September. This is the  first full month for exports since the North Oil Company resumed pumping crude from fields it operates in Kirkuk, which the Kurdistan Regional Government (KRG) controls, Reuters informed.

North Oil resumed pumping at a reduced rate via the pipeline to Turkey in August following a five-month halt but those initial sales were made by the Kurdish marketer, not SOMO, and were not mentioned in August’s oil ministry statement. However, Iraq and Kurdistan have agreed to split 50/50 revenues of Kirkuk flows, usually amounting to 150,000b/d, at least until the end of 2016.


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password