US report: Iraqi approach to extend an oil pipeline towards Syria

[yota691]

First Published: 2017-10-23

Iraq begins practical steps to increase Kirkuk oil production

Iraqi oil minister offers to BP to develop oil fields in the province of Kirkuk to achieve an increase in production to 700 thousand barrels per day.

Middle East Online

Develop a road map to achieve the desired goals BAGHDAD - Iraqi Oil Minister Jabbar Ali al-Allaibi on Monday called for the development of oil fields in the disputed province of Kirkuk, increasing output to 700,000 bpd. This came during the meeting of the Iraqi minister, with the Executive Director of the British company in the Middle East Michael Townsend, according to a statement of the ministry. He said Allaibi, "The ministry offered to BP, activating the previous cooperation on the development of oil fields in the province." He expressed his hope "to reach an agreement soon." Al-Allaibi called on the company to "develop a road map and the programs and studies necessary to achieve the objectives of the ministry." The statement quoted "Townsend" as saying that "the company has formed a joint working team to assess and study the general situation, and the organization of visits and surveys of oil fields in the province." The call comes after Iraqi forces seized control of the fields from the Peshmerga forces that have been deployed in the disputed province since 2014. In 2013, the Iraqi Oil Ministry announced a preliminary agreement with the British company to develop Kirkuk oil fields, which include Baba Karkar, Jambour, Khabaz, Khormal, Bay Hassan and Havana. The Kurdistan Regional Government (KRG) rejects the deal and says oilfield development in the disputed areas must be approved and shared. Kirkuk's total oil reserves are estimated at 13 billion barrels, or 12 percent of Iraq's oil reserves. The production capacity of the fields of Kirkuk about 300 thousand barrels per day, and is pumped through a line owned by the Kurdistan Regional Government to the Turkish port of Ceyhan on the Mediterranean Sea.

[yota691]

Al-Allaibi calls on the British company "BP" to activate the development of oil fields in Kirkuk

 

 Since 2017-10-23 at 15:57 (Baghdad time)

Baghdad Mawazine News

Iraqi Oil Minister Jabbar Ali al-Allaibi on Monday called on the British company BP to activate cooperation on the development of oil fields in the province of Kirkuk, expressing his hope to reach a close agreement in this regard.

This came during a meeting with the CEO of British company Michael Townsend.

"The ministry offered Bp to activate the previous cooperation on the development of oil fields in the province and to achieve an increase in oil production exceeding the rates of 700 thousand barrels per day," he said in a statement read by Mawazin News, expressing his hope "to reach an agreement Close". 

Al-Allaibi called on the company to "develop a road map and the programs and studies necessary to achieve the objectives of the ministry."

"The company enjoys excellent relations with the Iraqi oil sector and the company is ready to cooperate with the ministry and dialogues continue in this regard," the statement quoted Townsend as saying.

He pointed out "the formation of a joint working group to assess and study the general situation and the organization of visits and surveys of oil fields in the province." 

Baghdad has concluded an initial agreement with the British company in 2013 to develop the fields of Kirkuk amid the opposition of the Kurdistan Regional Government, considering that the province is contested. Ended 29 / m h

[yota691]

[BP] British formed a team to survey the fields of Kirkuk

Editorial Date: 2017/10/23 20:22 • 157 times read

[INA - Baghdad] 
The Executive Director of [Bp] British oil company Michael Townsend, meeting with Oil Minister Jabbar Ali Allaibi in Baghdad that his company will staff a team to visit the Kirkuk oil fields to invest in.

"It was decided to form a joint working team to assess and study the general situation and organize visits and surveys of the oil fields in the province," a statement by the ministry said. 
He stressed that "the company enjoys excellent relations with the Iraqi oil sector and the company is ready to cooperate with the ministry and ongoing dialogues in this regard." 
For his part, the Oil Minister stressed the keenness of the government and the Ministry of Oil to accelerate the rehabilitation and development of oil fields in the province of Kirkuk. 
He added that "the ministry offered the company [Bp] global, activating the previous cooperation on the development of oil fields in the province and to achieve an increase in oil production exceeding 700 thousand barrels per day." 
Al-Luaibi expressed his hope "to reach a close agreement with the international company to develop a road map and programs and studies necessary to achieve the objectives of the ministry."
For his part, the Executive Director of Bp said that the company enjoys excellent relations with the Iraqi oil sector and that the company is ready to cooperate with the ministry and ongoing dialogues in this regard.

[yota691]

24-10-2017 03:29 PM

The final statistics of the quantities exported from oil for the month of September

 

 

 

The Ministry of Oil announced on Tuesday the final statistics of the quantities exported from crude oil for the month of September, noting that the exported quantities were loaded by 38 international companies. 

The ministry spokesman Assem Jihad said that 'the total quantities exported crude oil and revenue achieved for the month of September last, according to the final statistics issued by the Iraqi oil marketing company' Sumo 'amounted to 97 million and 200 thousand barrels', adding that' the statistic did not record any exports of fields Kirkuk. " 

Jihad said that the revenues from these exports amounted to four billion and 866 million dollars, while the average price per barrel 50,062 dollars. 

Jihad pointed out that 'the exported quantities were loaded by 38 international companies of different nationalities from the ports of Basra and Khor al-Amaya and monolithic buoys on the Gulf'.

Iraq exports crude oil currently from the southern ports in Basra after the cessation of northern exports as a result of the region's non-compliance with the oil agreement with the federal government.

[Wiljor]

 

Supertanker moors at new loading point off the country's southern coast

Iraq, October 24, 2017  Iraq began using a new offshore crude-exporting facility to help boost shipments by sea and make up for a suspension of pipeline exports from the country’s north due to a conflict with the self-governed Kurdish region. The supertanker Chloe, which can transport about 2 million barrels of oil, was moored at the new loading point in the Arabian Gulf off the coast of southern Iraq on Monday, according to shipping agent reports and Bloomberg tanker tracking. The oil minister Jabbar Al Luaibi said last week that southern exports would rise by 200,000 barrels a day to offset production that halted at some northern fields in the aftermath of fighting over disputed territory. Oil prices inched up on Tuesday, getting support from a decline in oil exports from Opec's second-biggest producer Iraq and a projected extended fall in US commercial oil stocks. London Brent crude for December delivery was up 5 cents at US$57.42 a barrel by 02.58 GMT after settling down 38 cents on Monday. US crude for December delivery was up 5 cents at $51.95. Iraq joined Opec and allied suppliers this year in cutting output to mop up a glut of crude that has depressed prices by half since 2014. That has not stopped the country from trying to boost its capacity to pump and sell oil; it aims to raise production capacity to 5 million barrels a day this year. Iraq currently pumps most of its 4.47 million barrels of daily output from fields in the south and ships them through the Gulf. “The new loading point will help them boost exports,” said Jaafar Altaie, the managing director of the Abu Dhabi-based consultant Manaar Group, which operates in Iraq. The loading point, known as a single point mooring facility, or SPM, had been scheduled to start operating in December, and it is not at full capacity, he said. “The government started the SPM earlier than planned because they want to raise exports from Basra to compensate for the losses at Kirkuk.” Iraq exported an average this year of 3.25 million barrels a day of its Basrah Light and Basrah Heavy crude via the Gulf. The Chloe is set to load a mixed cargo of Heavy and Light oil, according to the shipping agent report. Iraq already operates three other SPMs, as well as four berths at its Basra Oil Terminal and another two at the nearby Khor Al Amaya terminal. When operating, the SPMs can pump about 900,000 barrels daily aboard tankers, but the time needed to carry out mooring and unmooring operations reduces their effective capacity to little more than half that amount. Bloomberg calculations show that the three older SPMs have loaded an average of about 480,000 barrels a day each since the beginning of 2015. SPMs enable Iraq to pump crude to ships at sea without requiring that they dock in port. The country’s narrow coastline, hemmed in by Kuwaitto the south and Iran to the east, has little room for shipping berths. Its shallow waters are difficult for the largest tankers to navigate and contribute to traffic delays. Federal Iraqi troops clashed last week with fighters from the semi-autonomous Kurdish region over disputed areas in Kirkuk province. Output halted at some sections of the giant Kirkuk oilfield after federal forces captured them from the Kurds and as some workers and guards stayed away from work. Combined exports from Kirkuk and the adjacent Kurdish region rose to about 254,000 barrels a day by Monday from 213,000 barrels a day on Saturday. Iraq had been exporting close to 600,000 barrels a day on average this year from fields in Kirkuk and the Kurdish enclave, shipping them together through the same pipeline to Turkey’s Mediterranean port of Ceyhan. thenational   http://iraqdailyjournal.com/story-z16099102

[Wiljor]

Iraq, October 24, 2017 

Iraqi Oil Minister Jabar al-Luaibi met a senior BP executive on Monday to discuss developing and boosting production from Kirkuk oilfield, a ministry spokesman said.

Luaibi, who met BP’s president for the Middle East region Michael Townshend, has asked the British oil major to help increase output from Kirkuk oilfield to more than 700,000 barrels per day, the spokesman said.

“The minister is very keen to rehabilitate the Kirkuk oilfield and raise production from there as soon as possible,” spokesman Asim Jihad told Reuters.

The oil minister discussed reactivating a deal signed in 2013 with BP to revive Iraq’s northern Kirkuk oilfield and help Baghdad arrest a huge decline in output from Kirkuk and increase production to higher levels, said Jihad.

Kirkuk is one of the biggest and oldest oilfields in the Middle East, still estimated to contain around 9 billion barrels of recoverable oil, according to BP.

BP has provided technical assistance in the past to the Iraqi state-owned North Oil Company to aid the redevelopment of the Kirkuk field.

“BP and the oil ministry will form a joint team to visit Kirkuk oilfield and study the situation on the ground to survey the oilfield,” said the spokesman without giving a timing for when the visit could happen.

Kirkuk has become the key area of tensions between Baghdad and Kurdish regional authorities since Iraqi Kurdistan held an independence referendum in September, triggering an angry response from Baghdad and neighboring Turkey and Iran.

Kurdistan’s Peshmerga forces pulled out from Kirkuk oilfields last week as Iraqi military advanced on the area that is responsible for a half of Kurdistan’s oil production, or around 300,000 barrels per day.

The retreat of Peshmerga forces allowed Baghdad to take control of all oil fields operated by state-owned North Oil Company in the Kirkuk northern province.

Reuters

 

http://iraqdailyjournal.com/story-z16098320

[skeetdog]

Thanks Wiljor...Just another example how a oil rich nations can make even more money...Once these pumping stations are on line with all the kinks worked out...reopen the Turkish pipelines and Iraq will be pumping money out of both ends...Wait a second, Iraq is opening a pipeline through Saudi too...

[Wiljor]

Iraq, October 25, 2017 

The Ministry of Oil announced the total quantities exported crude oil and revenues achieved for the month of September, according to the final statistics issued by the Iraqi oil marketing company 'Sumo'

(97) million and (200) thousand barrels (ninety-seven million and two hundred thousand barrels) with revenues amounted to (4) billion and (866) million (four billion eight hundred and sixty-six million dollars).

The spokesman for the Ministry of Oil Assem Jihad said that the total quantities exported crude oil for the month of September from oil fields in central and southern Iraq amounted to (97) million and (200) thousand barrels, revenues amounted to (4) billion and (866) million, The statistics did not record exports from Kirkuk fields.

Jihad said the average price per barrel amounted to (50,062) dollars.

Jihad added that the quantities exported were loaded by (38) international companies of different nationalities from the ports of Basra and Khor al-Amaya and the monsoons on the Gulf.

It is noteworthy that the ministry, through its belief in informing the people about the export operations and the revenues derived from it, took this monthly action.

rebuildingiraq

http://iraqdailyjournal.com/story-z16107092

 

[yota691]

Kurdistan region's oil exports decline after the federal government control of Kirkuk oil fields

26 October, 2017

 

Kurdistan oil exports dropped to the Turkish port of Ceyhan by 50 thousand barrels after the control of the federal government forces on oil fields in Kirkuk.

Sources said that the oil exports in the region was three times what is issued before the control of the federal government forces on the fields of Bay Hassan and fields of Avana, indicating that the decline cost the Territory material losses estimated at 200 million dollars in one week.

Turkey also discussed the rehabilitation of the oil pipeline between Kirkuk and Jihan for the export of oil from Kirkuk with Iraqi Prime Minister Haider Abadi, which will negatively affect the oil exports in the region.

[yota691]

Naval source: Oil flows from Iraq and the Kurdistan region to Turkey are sent separately

By

 rami

 -

October 26, 2017

21

0

 

 

 

A source said on Thursday that the process of mixing the Iraqi oil resources, which is pumped through the Kurdish pipeline to the Turkish port of Ceyhan stopped.
And before the restoration of control of Iraqi forces Kirkuk oil fields of the Kurdish Peshmerga was mixing different oil ores and pumping at the rate of about 600 thousand barrels per day.
Now oil ores are pumped through the pipeline separately with the line cleared between each shipment and the other.
To date, 90,000 barrels of Kirkuk crude have been sent separately from the rest to Baghdad-owned tanks.
At the same time, Kurdish oil flows range between 220 and 240 thousand barrels per day.

[yota691]

Kirkuk and Kurdistan oil flows to Turkey are sent separately

 

Thursday, October 26,

 

 

 

Alsumaria News / Baghdad revealed agency Reuters , quoting a shipping source, on Thursday, said that the mixing of Iraqi oil crude process that is being pumped through the pipeline in the province of Kurdistan to the Turkish port of Ceyhan stopped.  The source said that "before the restoration of control of Iraqi forces Kirkuk oil fields of the Kurdish Peshmerga was mixing the various oil ores and pumping at the rate of about 600 thousand barrels per day."  "So far, 90,000 barrels of Kirkuk crude have been sent separately from the rest that will be sent to tanks owned by Baghdad," the source said.   "The Kurdish oil flows range from 220 to 240 thousand barrels per day," he said.  The issue of Iraq most crude oil crude oil through the southern ports, while exports of oil stopped north over the past few months because of the Kurdish side 's commitment to the oil agreement.

[yota691]

Iraq Begins Pumping Kirkuk Oil From KRG Pipeline

By Zainab Calcuttawala - Oct 26, 2017, 10:00 PM CDT

Iraq will begin pumping oil from Kirkuk once again, just a week after clashes between Iraqi and Kurdish forces forced production in certain parts of the No.2 OPEC producer to shutter.

Baghdad began pumping crude from the Avana field in Kirkuk through a pipeline controlled by the Kurdistan Regional Government (KRG), which voted to gain independence from Iraq a month ago.

The flow rate reached 90,000 barrels per day on Wednesday, sources told Bloomberg. This crude will be sold through SOMO, the Iraqi government’s main oil marketing company. Baghdad had been on track to continue its production recovery before the independence referendum last month, but since the clashes, exports from northern Iraq have fallen by more than half from 600,000 barrels per day.

 

Reports from earlier today say the Iraqi government’s North Oil Co. and Kurdish Kar Group had been cooperating on pumping the oil from two fields that halted operations following the government military action to take them over from the Kurdistan Regional Government (KRG). Kurdistan forces had been there since 2014 when they ousted Islamic State militants.

The Bai Hassan and Avana oil fields near Kirkuk have been shut since October 19^th, keeping at least 275,000 bpd offline. The Kirkuk-Ceyhan pipeline, operated by KAR Group, saw flows fall to 196,000 barrels a day last Thursday—down from 225,000 barrels per day the day before. 

Civilian workers at both fields were reportedly sent home following a build-up of Iraqi military forces around the sites. Oil Ministry engineers worked to replace computers and other critical equipment missing from oil fields.

Over the weekend, Iraqi authorities said they increased oil exports from the southern Basra region by 200,000 barrels per day to make up for a shortfall from the northern Kirkuk fields.

By Zainab Calcuttawala for Oilprice.com

[yota691]

GMT 17:03 2017 Friday, October 27 : Last Updated

After a week of clashes between government forces and the Peshmerga

Iraq to resume pumping Kirkuk oil pipelines Kurdistan region

Abdul Elah Majid

• 

  The resumption of oil pumping from Kirkuk fields

   

  LONDON ( Reuters) - Iraq's government resumed pumping oil from the Karkark oilfields in the first sign of a return to production a week after clashes between government forces and Kurdish Peshmerga forces that have disrupted oil pipelines in the region.

  Baghdad has begun pumping crude oil from the Kafana field in Kirkuk through the pipeline controlled by the Kurdistan Regional Government (KRG).

  Pumping has averaged 90,000 barrels a day since Wednesday, sources at the Bloomberg news channel said. These quantities are sold by the Iraqi oil marketing company "Sumo". Iraq's exports from the fields of the north have fallen since the clashes by more than 50 percent of the 600 thousand barrels per day before the referendum on the independence of the Kurdistan region.

  It is reported that the North Oil Company and the Kurdish engineering group KAR are cooperating in pumping oil from two fields whose production has stopped following measures taken by the federal government to wrest control from the provincial government. The Peshmerga forces have been stationed there since 2014, when the militants of the Islamic state organization were expelled.

  Production in the Bei Hassan and Avana fields near Kirkuk has been stalled since October 19, after the two fields produced 275,000 barrels a day. The pipeline, which carries Kirkuk oil to the Turkish port of Ceyhan on the Mediterranean Sea and was operated by the Kar Group, fell to 196,000 barrels per day from 225,000 barrels a week ago.

  Civil servants in the two fields were reported to have been sent to their homes after the military buildup of government forces in both fields. The Ministry of Oil engineers worked to connect new computers and other essential equipment that were missing in both fields.

  The Iraqi government announced about a week ago to increase oil exports from the fields of Basra in the south by 200 thousand barrels per day to compensate for the decline in production from the fields of Kirkuk in the north.

   

  Elaph prepared this report with an eye on Oil Price. The original is published on the following link

  https://oilprice.com/Latest-Energy-News/World-News/Iraq-Begins-Pumping-Kirkuk-Oil-From-KRG-Pipeline.html

[10 YEARS LATER]

. . . and the HCL & Art. 140 keeps swirling around in the middle of a Pecos Bill Cyclone. Get this stuff resolved why don't you. How long has this government been foot dragging on these 2 very crucial issues - 

[Wiljor]

Iraq, October 28, 2017 

BP CEO Bob Dudley refused to rule out the possibility that Britain's oil major could be poised to help develop oilfields in disputed areas of Iraq on Friday.

He told CNBC that the oil giant was 'flattered' to have been asked by Baghdad.

In mid-October, Iraq called on BP to help develop oilfields in the disputed — and oil-rich — Kirkuk province after central government forces loyal to Baghdad swept through the Kurdish-held territory.

'With all of these things, you just have to wait, there will be an evolution. There's nothing that's going to happen tomorrow at all, but we are flattered that they would like us to come in and help develop that field,' BP CEO Bob Dudley told CNBC on Friday.

'Comfortable working in places with political change'

Fighting between central government troops and Kurdish forces has hampered pipeline exports in OPEC's second-biggest producer.

Iraq's prime minister rejected an offer to hold talks with Kurdish officials Thursday, after authorities in the semi-autonomous Kurdish region asked lawmakers in Baghdad to 'freeze' the result of last month's independence referendum.

Baghdad has repeatedly insisted September's vote, in which people decisively backed secession, was both illegitimate and illegal.

Shortly after the vote, Iraqi Prime Minister, Haider al-Abadi, ordered the country's military to retake disputed territories owned by the Kurds — including the region of Kirkuk. The military maneuvers have since sparked clashes that have left dozens dead and injured many more.

BP began working in a technical capacity in Iraq's Kurdish region in 2013, before pulling back amid an escalation of geopolitical uncertainty two years later.

'The pipeline goes out through Kurdistan so it is not clear to me but we work and live in a very volatile industry and we are comfortable working in places with political change. So I wouldn't rule it out but I don't think anything is going to happen soon,' Dudley concluded.

cnbc

 

http://iraqdailyjournal.com/story-z16117071

Edited October 29, 2017 by Markinsa
Increased Font Size

[dinarham]

"Flattered " , is that Iraqi for "yes" ?

[ChuckFinley]

24 minutes ago, dinarham said:

"Flattered " , is that Iraqi for "yes" ?

I hope so, I am getting tired of losing the meaning of things in translation.  

[yota691]

URGENT Iraq announces unprecedented oil export

Release date: 2017/10/29 12:59 • 523 times read

(Baghdad: Al-Furat News) Oil Minister Jabbar Ali al-Allaibi announced the increase of the export capacity of southern ports to four million and 600 thousand barrels per day.

In a statement to the ministry, al-Allaibi said in a statement that "the rise of export capacity to unprecedented levels was achieved after the completion of the project of the fifth monopole and the addition of new export capacity up to 900 thousand barrels per day." 
He stressed that "the accession of the fifth blackjack to the buoys {1,2,3} adding the rates of export capacity from the ports of Basra and Amaya provides a high flexibility and flow in the process of exports and the loading of international oil tankers." 
The minister stressed that "the ministry is continuing in projects to increase export and treasury capacities and the development of export ports." 
The statement said that "the meaning of export energy means high export capacity, ie the ability of ports to export these quantities mentioned above and is not intended to Iraq to issue these quantities."

[yota691]

Sumo warehouses in the Turkish port of Ceyhan receive oil

By

 rami

 -

October 29, 2017

8

0

 

 

 

The crude oil arrived at the warehouses owned by the oil marketing company (SOMO) in the Turkish port of Ceyhan from the Kurdistan pipeline for the first time since June. The source said 90,000 barrels had reached the company’s warehouses.
As of June, the KRG was pumping about 600,000 barrels every 10 days to Sumo’s warehouses. The central government-owned pipeline in Baghdad has been closed since 2014.
It was not immediately clear why the inflows to Sumo warehouses had resumed. Flows across the pipeline have fluctuated around 200,000 bpd compared to the usual highs of around 600,000 bpd.
The main oil fields closed Bayan Hassan and Afana overnight on Tuesday, causing a decline in production by 350 thousand barrels per day. Iraqi officials in the oil sector blamed the Kurdish crew responsible for the pumping stations, saying they had left without handing over work at the stations and taking equipment with them.

[yota691]

Sumo warehouses in the Turkish port of Ceyhan receive oil from the Kurdistan pipeline

 

 From 2017-10-28 at 19:19 (Baghdad time)

Mawazine News - Follow up

The Iraqi oil marketing company (SOMO) in the Turkish port of Ceyhan has received oil from the Kurdistan pipeline for the first time since June 2014, a shipping source said on Saturday.

The source said, according to Reuters news agency, and was seen by Mawazin News, "The crude oil reached the warehouses owned by the Iraqi oil marketing company (Somo) in the Turkish port of Ceyhan of the pipeline of Kurdistan for the first time since June."

He added that "90 thousand barrels arrived, on Saturday, to the warehouses of the Iraqi company."

As of June, the Kurdistan Regional Government had pumped about 600,000 barrels every 10 days to Iraqi oil marketing depots and closed the central government-owned pipeline in Baghdad since 2014.

 

[yota691]

90 barrels of Iraqi oil arrived in the Turkish port of Ceyhan

29-10-2017 01:07 PM

Readers

 

Baghdad News -

 

 

A source of navigation said that 90 barrels of crude oil arrived on Saturday to warehouses owned by the Iraqi oil marketing company (Sumo) in the Turkish port of Ceyhan through the pipeline for the first time since June, without giving reasons for the resumption of flows, according to (Reuters) 

Iraq has an oil pipeline Is the largest to reach the port of Ceyhan on the Mediterranean Sea in southern Turkey, starting from the fields of Kirkuk located within the territory of the Kurdistan region in the north of the country. 

The government of the province pumped to Sumo warehouses about 600 thousand barrels every 10 days until June, after the closure of the pipeline owned by the central government in Baghdad in 2014. It 

is noteworthy that the flows through the pipeline was fluctuating and circulates around 200 thousand barrels per day, compared to the higher levels usual approaching From 600 thousand barrels per day.

Last week, the Turkish president said that his country is ready to support Iraq to reopen an oil pipeline running from oil fields in Kirkuk to Turkey, after meeting with Iraqi Prime Minister Haider Abadi in Ankara. 

Iraq raised its oil exports from the southern Basra area 200 thousand barrels per day to compensate for the shortage of Kirkuk's northern fields, to maintain the total Iraqi oil production within its share in OPEC. 

It is noteworthy that Oil Minister Jabbar al-Luaibi, the re-preparation of an old oil pipeline and an amendment of the path of export of Iraqi oil from Kirkuk to the Turkish port of Ceyhan, to avoid Kurdish control of the basic line (Kirkuk Ceyhan) passing through the territory of northern Iraq.

[yota691]

The resumption of the flow of Kurdish oil to Turkey after a stop for hours

13:31 - 30/10/2017

 

  

Information / Baghdad ..

BAGHDAD (Reuters) - Crude oil flows through the Iraqi Kurdistan pipeline to Turkey resumed on Monday after a halt for technical reasons lasting hours, the Reuters news agency reported on Monday.

The agency quoted a Kurdish shipping source as saying that "the flows fell to between 200 thousand and 220 thousand barrels per day compared with the usual size of 600 thousand barrels per day."

The source said that "the next shipment scheduled to be loaded from the port of Ceyhan on the Mediterranean Sea will be from the program of downloads of November." Ending / 25

[bkeiller]

This quarter's higher oil prices should add a lot to the coffers. That will be a great way to end 2017 and start 2018, but we have to hurry up and wait for the next milestones. Hopefully, a political foundation will be reached, soon, for the HCL. That won't do any harm to Abadi's next run for office. 

What an epic journey for them and us!

 

 

[SnowGlobe7]

and now the money for oil should go to Iraq and not Barzanis pockets

 

this is the big win IMO

[Wiljor]

New mooring brings total of offshore facilities to four as country seeks to boost tanker loading capabilities

Iraq, October 30, 2017  Iraq has increased oil export capacity from its southern ports by 900,000 barrels per day (bpd) to 4.6 million bpd after adding a new floating terminal in the Arabian Gulf, the oil minister Jabar Al Luaibi said in a ministry statement. 'Oil export capacity have reached unprecedented levels after adding a new single point mooring with an additional export capacity of 900,000 bpd', the statement said on Sunday. Iraq now has four operational single point moorings (SPMs) for loading oil tankers. Last week Opec member Iraq increased oil exports from the southern Basra region by 200,000 bpd to make up for a shortfall from the northern Kirkuk fields. The country reluctantly agreed in November to an Opec deal to cut production in a collective effort aimed at boosting oil prices. It had argued that it should be allowed to produce at will to make up for three and a half decades of disruption due to wars and sanctions. Oil exports from Iraq's southern fields reached to 3.240 million bpd in September. Iraq ships the bulk of its oil exports from its southern terminals on the Gulf. thenational   http://iraqdailyjournal.com/story-z16126251