Iraq, Iran to Start Swapping Oil in Days
Iraq will start to export 60,000 barrel per day (b/d) of Kirkuk fields' oil, using tanker trucks that will cross the Iranian border to deliver this oil to an Iranian refinery.
Iraq will start to export 60,000 barrel per day (b/d) of Kirkuk fields' oil, using tanker trucks that will cross the Iranian border to deliver this oil to an Iranian refinery.
Egypt’s oil exports value decreased by 10% year-on-year (Y.o.Y) to reach $208 million in October 2017, compared to $231 million in October 2016.
Iraqi oil exports from the southern Basra ports increased by 1% to 3.535 million barrels per day (mb/d) in December 2017, compared to 3.5 mb/d in August.
Iranian crude oil output and exports have not been affected by the unrest, which is spreading across the Asian Country, Iranian oil and shipping sources stated on January 2nd.
Iraqi oil exports to the US moved ahead of Saudi Arabia’s by approximately 2.9 million barrels in September.
Iranian crude exports to Asia rose in August for the second month in a row but remained well below export levels for August 2016.
With refining operations disrupted in the US, Saudi Arabia will increase exports to Asian markets in October.
Iranian exports of crude and condensates rose in August to 2.42 million barrels per day (b/d) from 2.37 million b/d in July, a 2.1% increase