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Iraq exports more, Ecuador exports less and OPEC remains undecided
Publication year - 2007
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2007.321206.x
Subject(s) - crude oil , downstream (manufacturing) , pipeline (software) , upstream (networking) , business , international trade , engineering , petroleum engineering , telecommunications , mechanical engineering , marketing
This section summarizes downstream developments of the previous month. Exploration & Production are covered in 'Upstream Review'. Crude oil exports from Iraq rose to a post‐invasion high of 1.8 mn bpd amid signs of a fall in attacks on oil installations and a lessening of organized violence inside the country. October's total was boosted by a 113,000 bpd increase in exports via Ceyhan, compared with the previous month, to 283,000 bpd. Iraq is nevertheless unable to guarantee an uninterrupted flow of oil through Ceyhan and has withdrawn an offer to supply crude from there on three‐month term contracts. The export pipeline was again sabotaged in late November. Iraq has begun the construction of a 200,000 bpd crude pipeline to Abadan in Iran in order to boost exports from the south of the country. Reports persist about large scale smuggling of crude oil out of Iraq.