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Oil resume work Bmanstin parked .. and expectations to cut crude exports of Basra in August next
Baghdad / term
Oil resume work Bmanstin parked .. and expectations to cut crude exports of Basra in August next
Baghdad / term
The Oil Ministry announced, on Monday, for the resumption of loading and export of oil from platforms Almtoagaftin because of theinfusion, and as pointed out that the leak did not affect the rate of exports during this period, "the document loading program" showed that Iraq plans to reduce crude oil exports from the southern ports. Said the official spokesman for the ministry said in a statement received "long", a copy of which, " the ministry began to download and export of oil from platforms Aimtin which stopped because of the leak in one of the pipes connecting to it," adding that " the ministry managed in a record time of repairing the pipe and stop the leak which stopped the night of the ninth of this month. " Jihad said that" the leak did not affect oil exports during this period , "noting that" crude oil flows to international markets continued through the floating ports other via the ports of Basra and Khor al - Amaya. " the four navigation and trade sources earlier, Iraq stopped exporting crude oil operations of the oil port of Basra following a leak in the pipeline occurred. he said one of the sources, that the suspension of shipping began, last Sunday, while the second source "said that a simple leak and are bent on handling." the sources pointed out that it " has not yet how long it will take the reform of the pipeline isclear." it is noteworthy that Iraq is exporting oil from the center and south through the southern ports, and from the north via the Turkish port of Ceyhan , which is still stalled for more than two years. in the same context , showed a close preliminary program for the operations of loading the Iraq plans to reduce crude oil exports from southern ports to 2.79 million barrels per day in August from 2.99 million barrels per day , thedecision exported in July. It is expected to decline Basra light crude exports by 129 thousand barrels per day to 710 thousand barrels per day and the decline of Basra light crude exports 77 thousand to 2.08 million barrels a day. as oil prices fell, amid signs acclimated shale oil producers in the United States with low prices and renewed manifestations of economic weakness in Asia where refiners squeezed already consumed raw.was trading crude International benchmark Brent crude price of $ 46.43 a barrel by 1205 GMT , down 33 cents from the previous settlement price. fell WTI US mediator 30 cents to $ 45.11 a barrel. and under present market is also under pressure as oil production Canadian over the absorptive capacity of the pipelines , including pressure on the crude produced by the price country. identified Iran 's official selling price of Iranian light crude to Asian buyers premium of 45 cents a barrel price above the average Oman and Dubai crude for August price decrease of 40 cents from the previous month. in China , he predicted a Reuters survey included 61 economists , down economic growth to a minimum level in seven years at 6.6 percent in the second quarter. the expected US investment bank Jefferies that the oil market is enjoying a strong foundation for higher prices in the future anticipated the arrival of prices to $ 70 a barrel by late 2017 or early 2018. at thesame time there are signs that producers in the US United we can cope with the price of oil at $ 45 a barrel or more at a time when production companies added digging for fifth week pads from between six weeks and receded bankruptcies among US oil companies in June fell bets on US oil rising to the lowest level in nearly four months.
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