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Power outage lowers the export of Iraqi oil rates
London / Reuters
Power outage lowers the export of Iraqi oil rates
London / Reuters
Reduced oil exports from southern Iraq, since the beginning of May, including more than 200 thousand barrels per day , compared to levels near - record in the previous month to aggravated lost output supplies for large global disruptions unusual.
The resulting decline if prolonged to thegrowing concern about the sustainability ofIraq 's exports growth where the government oil companies delayed projects to increase production if Baghdad warned reduced spending this year.
according to a source in the oil sector and loading data monitored by Reuters , the average oil exports fromsouthern Iraq in the first 23 days of May / May 3.15 million barrels per day. Iraq 's exports reached in April 3.36 million barrels per day , approaching the record level reached in November.
A source in the sector , who asked not to be named , "This is due to the power outage." It could not immediately contact officials of the Iraqi oil - for comment. And pumped south most of Iraq 's oil to be issued less crude from the north through a pipeline to Turkey.
The resulting decline if prolonged to thegrowing concern about the sustainability ofIraq 's exports growth where the government oil companies delayed projects to increase production if Baghdad warned reduced spending this year.
according to a source in the oil sector and loading data monitored by Reuters , the average oil exports fromsouthern Iraq in the first 23 days of May / May 3.15 million barrels per day. Iraq 's exports reached in April 3.36 million barrels per day , approaching the record level reached in November.
A source in the sector , who asked not to be named , "This is due to the power outage." It could not immediately contact officials of the Iraqi oil - for comment. And pumped south most of Iraq 's oil to be issued less crude from the north through a pipeline to Turkey.
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