Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
The 30-31 January attack and brief capture by Islamic State (IS) of the Khabbaz oil field in northern Iraq highlights the continued threat to Iraqi oil facilities, and the difficulty in raising export volumes from the north on a sustained basis. Iraq needs to extract every drop of oil to prevent the budget deficit from ballooning further, but the battle against IS is sapping cash that could otherwise be used for the reconstruction, which remains incomplete more than a decade after Saddam Husain’s ouster.
Indeed, Iraq’s oil exports and production declined in January after attaining a record in December. But while the fall is unrelated to the capture of Khabbaz, which produced 35,000 b/d, the monthly fluctuations in output and exports are an indication of the constraints that Iraq faces in its southern production hub.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE