{"id":1688,"date":"2018-09-25T17:26:46","date_gmt":"2018-09-25T17:26:46","guid":{"rendered":"http:\/\/euromenaenergy.com\/?p=1688"},"modified":"2018-09-25T17:26:46","modified_gmt":"2018-09-25T17:26:46","slug":"iraqs-southern-crude-oil-exports-approach-record","status":"publish","type":"post","link":"https:\/\/emimer.com\/?p=1688","title":{"rendered":"Iraq\u2019s southern crude oil exports approach record"},"content":{"rendered":"<div class=\"subtitel col-lg-12\">\n<p>Reuters\/London<\/p>\n<\/div>\n<p>Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that Opec\u2019s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.<br \/>\nSouthern Iraqi exports in the first 19 days of September averaged 3.6mn bpd, according to ship-tracking data compiled by an industry source, up 20,000 bpd from August\u2019s 3.58mn bpd \u2014 the existing monthly record.<br \/>\nThe increase follows June\u2019s pact among Opec and allied producers to boost supply after they had curbed output since 2017 to remove a glut.<br \/>\nIraq in August provided Opec\u2019s second-largest increase as shipments drop from Iran, which is facing renewed US sanctions.<br \/>\nA second industry source who tracks shipments also said exports this month had averaged 3.6mn bpd, reflecting smooth operations at export terminals and no sign that unrest in Basra, Iraq\u2019s second city, was disrupting flows.<br \/>\n\u201cThere were fears that the protests would get to the terminal,\u201d this source said. \u201cBut so far, there is no impact.\u201d<br \/>\nProtests in Basra against Iraq\u2019s political establishment erupted in July.<br \/>\nIn early September, Basra airport was attacked with rockets and protesters briefly took oilfield workers hostage.<br \/>\nBefore the June Opec deal, Iraq had been boosting exports from southern terminals to offset a halt in shipments from the northern Kirkuk region last October after Iraqi forces seized control of oilfields there from Kurdish fighters.<br \/>\nNorthern exports have held steady in September, averaging around 400,000 bpd so far, according to shipping data and one of the industry sources.<br \/>\nThis is up from about 300,000 bpd in July but short of levels above 500,000 bpd in some months of 2017.<br \/>\nOn June 22-23, Opec, Russia and other non-members agreed to return to 100% compliance with output cuts that began in January 2017.<br \/>\nThat amounted to an increase of about 1mn bpd, according to Opec\u2019s lead member, Saudi Arabia.<br \/>\nA group of Opec and non-Opec ministers and officials monitoring the agreement met yesterday in Algeria.<br \/>\nIraq has said it is ready to boost output and in August pumped an extra 90,000 bpd, Opec\u2019s second-largest increase after Libya, according to analyst and oil-industry media estimates compiled by Opec.<br \/>\nIraq itself said production in August was steady.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters\/London Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that Opec\u2019s second-largest producer is following through on a deal to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1703,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[46,57,90,96,107,137,139,160,165,174,184,201,202,209,232,233,244,246,249,256,267,277,279,288],"class_list":["post-1688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-aramco","tag-baroudi","tag-democracy","tag-doha","tag-embargo","tag-gas","tag-gazprom","tag-international-maritime-disputes","tag-iraqs-southern-crude-oil-exports-approach-record","tag-lebanon","tag-maritime-disputes","tag-offshore","tag-oil","tag-opec","tag-putin","tag-qatar","tag-rosneft","tag-roudi","tag-russia","tag-saudi","tag-straddling-hydrocarbons-reserves","tag-total","tag-trump","tag-usa"],"_links":{"self":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/1688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1688"}],"version-history":[{"count":0,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/1688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/media\/1703"}],"wp:attachment":[{"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}