Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Iraqi crude exports are running at record levels. Including volumes shipped independently by the KRG they are closing in on 4mn b/d.
Iraq’s federally controlled crude exports hit a record 3.37mn b/d in November. Official volumes, which are all from the southern Basra terminals and exclude the KRG, were boosted from a backlog in loading from a storm-hit October schedule (MEES, 6 November).
But, despite this, the month’s export revenue of $3.67bn is just 47.5% of the $7.74bn that Iraq’s oil exports brought in in July 2014 before oil prices collapsed. Average November takings were just $36.42/B; the figure was $102.26/B for July 2014. The country’s crude exports brought in an all-time record $8.80bn at an average price of $116.88/B in April 2012. (CONTINUED - 594 WORDS)
DATA INSIDE THIS ARTICLE
|table||KRG Jan-Oct 2015 Production|