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[rtl]Release date: 2018/9/24 15:17 • 1088 times read[/rtl]
Iraq, OPEC's second-largest producer, exports about 3.6 million bpd of crude from its southern fields, with Opec and others increasing production to offset supply shortages from Iran and Venezuela, an oil official said.
"We are just under 3.6 million barrels per day, but we can reach that level," Ali Nazar, deputy director of National Oil Marketing Company (SOMO), told Reuters.
Iraq's exports from southern oil fields in September are heading towards a record high, according to two sources in the sector last week, exceeding August's 3.58 million bpd.
"The increase will not be huge, it will be only a small increase, just to meet the needs of the market everyone is waiting to see what will happen after the US sanctions are not opportunists will not take a market share of Iran."
Iran's exports are falling as the United States reinstates sanctions on Iran's oil sector from November to force Tehran to negotiate a new nuclear deal.
"Iraq also plans to produce 20,000 tons per day of LPG and 15,000 bpd of condensate in 2020," Nizar said at the Asia-Pacific Petroleum Conference.
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Iraq defies America in Iran's oil quota
[/rtl][rtl]Release date: 2018/9/24 15:17 • 1088 times read[/rtl]
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[rtl]Iraq, OPEC's second-largest producer, exports about 3.6 million bpd of crude from its southern fields, with Opec and others increasing production to offset supply shortages from Iran and Venezuela, an oil official said.
"We are just under 3.6 million barrels per day, but we can reach that level," Ali Nazar, deputy director of National Oil Marketing Company (SOMO), told Reuters.
Iraq's exports from southern oil fields in September are heading towards a record high, according to two sources in the sector last week, exceeding August's 3.58 million bpd.
"The increase will not be huge, it will be only a small increase, just to meet the needs of the market everyone is waiting to see what will happen after the US sanctions are not opportunists will not take a market share of Iran."
Iran's exports are falling as the United States reinstates sanctions on Iran's oil sector from November to force Tehran to negotiate a new nuclear deal.
"Iraq also plans to produce 20,000 tons per day of LPG and 15,000 bpd of condensate in 2020," Nizar said at the Asia-Pacific Petroleum Conference.
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