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"Sumo" confirms that Iraq's production reached 4.9 million barrels for
Baghdad / long-Reuters
"Sumo" confirms that Iraq's production reached 4.9 million barrels for
Baghdad / long-Reuters
Trade sources said, on Tuesday, said Iraqi oil exports from southern ports will drop in May / May to the lowest level since the beginning of the year , although crude exports heavy will see the biggest cuts, while confirming Oil Marketing Company (SOMO) that the total production capacity of Iraq ranges between 4.8 million and 4.9 million barrels per day ,including the production of the Kurdistan region. the sources told Reuters, based on a program of initial load "that the total Basra crude exports would fall to 3.085 million bpd from 3.28 million bpd in the previous month." the sources indicated that " Basrah heavy exports in May / May will fall to the lowest level in nine months at 645 thousand barrels per day and will reach Basra light crude exports to 2.44 million barrels a day, the lowest monthly level in 2016 ". it could not be reached oil Marketing company of Iraq (SOMO) on the spot for comment. he said one of the sources told Reuters, that "there are significant delays in loading and especially Basra crude heavy" adding that sumo hasnot allocated any shipments of heavy crude in the first ten days of May / May. " he used Iraq to reduce exports of Basra crude when there are delays of tankers waiting for its role in the loading port. the number oftankers waiting for her role outside the port of Basra , about 30 supertanker due to delays in loading schedules. And it went wait for some carriers period to three weeks , which cost operators about $ 75 thousand per tanker per day. For his part, the Director General of the Oil Marketing Company of Iraq (SOMO) Falah al - Amiri, on Tuesday, said that "is expected to producers agree from within Organization of Petroleum exporting countries (OPEC) and outside the installation of production in the Qatari capital Doha later this month. " He added that" Iraq will take part in any action that would help achieve stability in crude prices ,saying that the agreement in Doha would be an indication that the oil markets exceeded the bottom stage. "He pointed Ameri out that" the total production capacity of Iraq ranges between 4.8 million and 4.9 million barrels per day , including the production of the Kurdistan region. " the Norwegian economic institution has been revealed on Friday (April 8, 2016), a rise of Iraqi oil production rate 2015 , since 12%, as expected lower production rates in the next 2017, suggested that the rate of return to rise after next year by 4% annually. the Foundation (Ristad Aanerjee) Norwegian economic analysis in a report I followed ( the long -Presse), that " data showed that oil production in Iraq in the past in 2015, amounted to 3.9 million barrels per day, an increase of production rates in 2014 by 12% , "borders. economic institution and suggested that" theIraqi crude production rates continue during the year to grow Kmadladtha during the year the last in 2015, "expected to" see those rates decline during the next 2017, to continue after the growth rate of 4% per year ,year after year, and is controlled, by taking the first stage of the development of oil fields operating in Iraq into account the operations is completed. " the American institution has confirmed, on the first of March 2016, Iraq was the second largest contributor after the United States , the growth of the global market equipment of oil during 2015, of which four million barrels per day, while showed that Iraq 's production rates, including producing from the Kurdistan region, were higher than in the past 2014 rates, attributed to a decline indomestic consumption and modernize infrastructure southern fields, and improve the quality of the raw source from Basra fields. the oil ministry, confirmed on the first of January 2016, that the total Iraqi oil exports in thepast in 2015, amounting to one billion and 96 million barrels, indicating that its revenues almost fifty billion dollars.
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