Saturday 19 April 2014
 
»
 
»
Story

Setback for Iraqi oil exports

Baghdad, September 14, 2013

Iraq's oil exports from its southern ports have slowed so far in September and may fall further until mid-October due to maintenance, according to shipping data and industry sources, tightening supply from Opec's second-largest producer.

Traders, investors and oil companies are watching the level of Iraq's exports closely as supply disruptions in Libya have tightened the market, helping to support oil prices near $112 a barrel.

Exports from Iraq's southern terminals have averaged 1.96 million barrels per day (bpd) in the first 12 days of September, according to shipping data. That is down from August's average of 2.31m bpd, but higher than the 1.8m bpd initially scheduled in September.

The loading rate is expected to fall further in the rest of this month and the first two weeks of October, as two of the berths at the Basra Oil Terminal need to be closed in the early stages of the work, an Iraqi oil official said.-Reuters
 




Tags: Iraq | Weather | oil export |

More Energy, Oil & Gas Stories

calendarCalendar of Events

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com