Iraq Oil Exports up by 4%

Iraq Dec Oil Exports Up 4% On Month At 1.977 Million B/D

http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201001040338dowjonesdjonline000062&title=iraq-dec-oil-exports-up-4on-month-at-1977-million-b/d

Iraq’s crude oil exports in December were up 4% at 1.977 million barrels a day, compared with 1.902 million barrels a day in November, an Iraqi oil industry source said Monday.

He said that Iraq exported in December an average of 1.534 million barrels a day from the southern Basra oil terminal, up from 1.498 million barrels a day in November.

Some 433,000 barrels a day were exported from Kirkuk oil fields in northern Iraq via the Turkish port of Ceyhan. The remaining 10,000 barrels a day were exported to Jordan via trucks, he added.

Iraq’s crude oil exports have slowed down below the 2 million barrels-a-day target since September due to attacks on the northern export pipeline. In December, an attack on the pipeline suspended exports via the northern pipeline for a few days. Similar attacks took place in October and September. Iraq usually exports 480,000 barrels a day via that pipeline.

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