Posted on 04 January 2012.
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Iraq’s oil exports rose by 10,000 barrels per day in December, from 2.135 million bpd to 2.145 million bpd, according to a report from Platts.
Citing data from the State Oil Marketing Organization (SOMO), the agency also says that the country’s oil production fell by 13,000 bpd in December, to 2.652 million bpd from 2.665 million bpd in November.
Based on monthly data obtained exclusively by Platts, Iraq’s oil exports increased by 273,000 bpd or 14.4% in 2011 to average 2.165 million bpd, up from 1.892 million bpd in 2010.
The latest SOMO figures show oil exports from northern Iraq slipping by 11,000 bpd in December, to 412,000 bpd from 423,000 bpd the previous month.
The northern exports consisted of 408,000 bpd by pipeline to Turkey’s Ceyhan terminal (pictured) on the Mediterranean coast, and 4,000 bpd by truck to Jordan.
Iraqi oil exports from southern terminals on the Persian Gulf rose by 21,000 bpd in December, to 1.733 million bpd, up from 1.712 million bpd in November.
Sources said crude oil stocks in southern Iraq at the end of December stood at 3.7 million barrels, down from 4.3 million barrels a month earlier.
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Dr. Mark A. DeWeaver
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