Bad weather at southern export terminals and an explosion at an export pipeline in the north hit Iraq's crude oil exports in January, people familiar with the State Oil Marketing Organization, or SOMO, said Sunday.
Bad weather at southern export terminals and an explosion at an export
pipeline in the north hit
Iraq
's
crude oil exports in January, people familiar with the State Oil Marketing
Organization, or SOMO, said Sunday.
Crude exports in January totaled 2.359 million barrels a day, compared with
2.348 million barrels a day in December, according to people familiar with the
situation.
Iraq
's oil
exports were running at around 2.5 million to 2.6 million barrels a day most of
last year.
The country exported 2.095 million barrels a day from its southern oil fields
in January, compared with 2.023 million barrels a day in December, they said. Some
253,000 barrels a day were exported from northern oil fields to the
Mediterranean
port
of
Ceyhan
in
January, compared with 314,000 barrels a day in the previous month. Another
11,000 barrels a day were shipped by trucks to
Jordan
in
January, the people said.
Northern oil exports also fell in January because the semiautonomous
Kurdistan
region in northern
Iraq
has
suspended their oil exports of nearly 90,000 barrels a day via the
Baghdad-controlled northern export pipeline.
Ashti Hawrami, minister of natural resources for the Kurdistan Regional
Government, said last week that
Kurdistan
was
planning to restart exports of crude oil and condensate. He said export volumes
would amount to around 20,000 barrels a day of crude oil and 10,000 to 15,000
barrels a day of condensate.
Most of the crude from
Kurdistan
is
exported by the U.K.-Turkish firm Genel Energy PLC (GENL.LN).
Baghdad
has
threatened legal action against the Kurdish Regional Government for sending
Iraqi oil to
Turkey
, a
move the central government considers illegal.
Kurdistan
has suspended exports via the Baghdad-controlled
pipeline due to unpaid payments to Kurdish production companies totaling 350
billion Iraqi dinars ($295.18 million). The central government withheld the
payments because the northern region had failed to export the agreed amount of
oil, an official in
Baghdad
said
last month.
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