Subscribe free to our newsletters via your
. Energy News .




ENERGY TECH
Iraq oil exports rise for third month: ministry
by Staff Writers
Baghdad (AFP) Dec 01, 2013


Iraq's oil exports rose for a third successive month in November but remained below historic highs as the country looks for revenues to fund much-needed reconstruction, data released Sunday showed.

Average daily exports rose to 2.381 million barrels per day (bpd), from 2.25 million bpd the previous month and 2.07 million bpd in September, according to figures released by the oil ministry.

Crude sales brought in revenues of $7.32 billion, almost marking a third consecutive increase.

Despite the increase, average exports remained below the recent highs of 2.62 million bpd achieved as recently as April.

Most of Iraq's crude is exported via its southern terminals near the port city of Basra, but a significant portion goes through a northern pipeline to the Turkish port of Ceyhan.

Exports had been lower in recent months as a result of sabotage on the Ceyhan pipeline, as well as poor weather and maintenance being carried out on the southern terminals.

Iraq is heavily dependent on oil exports, and the government is seeking to dramatically ramp up its sales in the coming years to fund the reconstruction of its battered infrastructure.

Officials are aiming to increase production capacity to nine million bpd by 2017, a target that the International Monetary Fund and International Energy Agency have warned is over-optimistic.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
Exxon sells Iraq oil stake to PetroChina: ministry
Baghdad (AFP) Nov 28, 2013
American energy giant Exxon Mobil on Thursday sold part of its controversial stake in a massive Iraqi oilfield to PetroChina and Indonesia's Pertamina amid a long-running row with Baghdad. The sale of the stake in the West Qurna-1 field in south Iraq, one of the country's largest, marks a key step towards resolving the dispute with the central government over Exxon's contracts with the auton ... read more


ENERGY TECH
Founders of Envirofit Selected as Energy Innovators of the Year by The Economist

World's top carbon emitter China expands emissions trading

Are Canadian Energy Stocks Set for a Rebound?

Climate: Gloves off between EU, developing countries

ENERGY TECH
Iraq oil exports rise for third month: ministry

Oil prices edge higher after upbeat Chinese data

Environment group sues China oil giant for nearly $10 mn

China, India cut back Iranian crude, duck US sanctions

ENERGY TECH
Small-Wind Power Market to Reach $3 Billion by 2020

Siemens achieves major step in type certification for 6MW Offshore Wind Turbine

IKEA invests in Canadian wind project

High bat mortality from wind turbines

ENERGY TECH
UC Davis West Village: Setting The Standard

Dow Corning and Tianwei New Energy Collaborate on Leading Edge Solar Solution

City of Aurora, Xcel Energy, EPA Celebrate New Community Solar Site

PROINSO delivers 310kWp to six commercial and residential solar PV installations in Japan

ENERGY TECH
Npower layoffs reignite calls for Britain energy market reforms

Iran, Russia in talks on new Bushehr nuclear plant

World Bank says no money for nuclear power

Bomb blast near India nuclear plant kills six: police

ENERGY TECH
Microbiologists reveal unexpected properties of methane-producing microbe

Direvo completes lab scale development of low cost lactic acid production

Scripps Oceanography Researchers Engineer Breakthrough for Biofuel Production

Let's just harvest invasive species and the problem is solved

ENERGY TECH
China's "triple jump" progress in lunar probes

China pursues "zero window" launch for lunar probe

China launches first moon rover mission

China names moon rover "Yutu"

ENERGY TECH
Underestimated future climate change?

The reality behind Europe's response to climate change

Pacific region faces economic risk from climate change: ADB

Even if emissions stop, carbon dioxide could warm Earth for centuries




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement