Iraq's oil exports fall to 3.216 million bpd - Saudi Gazette

Iraq's oil exports fall to 3.216 million bpd

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A tanker, left, leaves the Basra Oil Terminal as another tanker, top right, loads oil in The Gulf fifty kilometers south of Iraq. Photographer: Shawn Baldwin/Bloomberg News.

BAGHDAD — Iraq's oil exports slipped to 3.216 million barrels per day in August from 3.230 million bpd in July as no shipments were made from the northern Kirkuk field, the oil ministry said on Saturday.

All the volumes shipped in August came from the southern fields, it said in a statement. Kirkuk is the only field supervised by the government in the north.

The volume announced by the ministry accounts for shipments from the fields supervised by the central government in Baghdad, and does not include those from the autonomous Kurdish region in northern Iraq.

The average sale price in August was $46.22 per barrel, generating $4.6 billion in revenue, the statement said.

The bulk of Iraq's oil is exported via the southern terminals. Smaller amounts are shipped from northern Iraq via Ceyhan in Turkey. — Reuters


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