Posted on 20 October 2011. Tags: oil exports
Iraq’s oil exports and income in September were the lowest since February as pumping along the Ceyhan pipeline to Turkey was disrupted due to multiple stoppages, according to Bloomberg.
The country exported a total of 63.1 million barrels of oil last month at an average price of $104.90, bringing in total income of $6.619 billion, the lowest since February.
“Exports on the Ceyhan pipeline were lower in September because of a couple of stoppages and attacks targeting the pipeline last month,” ministry spokesman Assem Jihad said.
This resulted in exports through the pipeline connecting northern Iraq to the Turkish port of Ceyhan falling to 10.1 million barrels in September, down from 14.3 million barrels in August.
The pipeline transports an average of 450,000 to 500,000 barrels of crude oil per day to Ceyhan.
Iraq averaged daily exports of 2.19 million barrels per day (bpd) in the first eight months of the year; in September, that fell to 2.10 million bpd.
http://www.iraq-businessnews.com/2011/1 ... d-in-sept/
