Iraq to Increase November Oil Exports

Source: Reuters 10/25/2013, Location: Middle East

Exports of Iraq's smaller crude stream Kirkuk are set to rise in November now that the severe loading delays seen over the summer have been worked through, a preliminary loading programme showed.

November exports have been pegged at 330,000 barrels per day (bpd), up from about 245,000 bpd in October.

Due to a prolonged shutdown of the Kirkuk pipeline to the Turkish port of Ceyhan, exports were held up by nearly a month this summer with August cargoes still being cleared in September.

State marketer SOMO allocated fewer cargoes in September and October to prevent a further build-up, traders said.

The Kirkuk-Ceyhan pipeline had a severe leakage problem starting in June and was then bombed several times after it was repaired. It was most recently hit in September.

For more information about related Opportunities and Key Players visit Iraq Oil and Gas Projects

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