Iraqi Oil Exports hit 2.145m bpd in December

Crude oil production from northern Iraq is estimated to have fallen by 55,000 bpd in December, to 677,000 bpd from 732,000 bpd in November, after adjusting SOMO's figures for domestic supplies to refineries and power stations and for fuel oil and other processed products, surplus to local requirements, being mixed into the export stream.

The December northern output estimate includes about 75,000 bpd of crude from Iraqi Kurdistan. That volume was flat compared with November, but well below the record rate for Kurdish contributions to Iraq's northern export system of 155,000 bpd reached in June. The reduction in Kurdish crude flow has followed reported technical problems, attributed to back-pressure in Iraq's Kirkuk-Ceyhan export pipeline, that surfaced in September.

Production from Iraq's southern oil fields was estimated to have risen by 42,000 bpd in December, to 1.975 million bpd from 1.933 million bpd in November, after similar adjustments to the export figures.

Northern exports in 2011 rose by 42,000 bpd or 10% to 455,000 bpd from 413,000 bpd in 2010. The increase was due to the restart of Kurdish exports in Feb 2011 after a seven-month suspension.

The 2011 northern exports included an average 447,000 bpd delivered to Ceyhan and 8,000 bpd to Jordan.

Southern Iraqi exports climbed by 231,000 bpd or 15.6% in 2011 to average 1.71 million bpd, up from 1.479 million bpd in 2010.

(Source: Platts)

2 Responses to Iraqi Oil Exports hit 2.145m bpd in December

  1. [...] as for Iraq, th&#101&#32&#99ountry exported 2.14 mbd in December having risen &#50&#55&#53 kbd or 14.4% over the year. [...]

  2. [...] as for Iraq, the country exported 2.14 mbd in December having risen 275 kbd or 14.4% over the year. Whether that can be sustained in the face of continued [...]

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