Monday, April 26, 2010
CAPACITY: Iraq produced about 2.4 million barrels of crude a day last month, according to Bloomberg estimates.
A North Oil executive said Sunday that Iraq would resume oil exports via Turkey within three days, following repairs to a pipeline damaged in an explosion.
“Repair operations are still underway, and I expect oil shipments to resume within three days,” said Imad Baqer, head of the company’s production department, in an interview from the northern Iraqi city of Kirkuk.
An explosive planted by unidentified saboteurs blew a hole in the pipeline on April 22, police said. The blast in Iraq’s al-Hadhar region halted the flow of crude from oil fields around Kirkuk to the Turkish Mediterranean port of Ceyhan.
Iraq pumps a quarter of its crude exports through the Kirkuk-Ceyhan pipeline.
Al-Hadhar lies in Nineveh province, where government authorities say insurgents, including extremists from al-Qaeda, frequently carry out attacks.
Kirkuk’s fields produce about 700,000 barrels of oil a day. The output level is expected to rise to 1 million barrels a day by 2012, after officials complete additional maintenance and development work, Baqer said last week.
North Oil currently exports between 450,000 barrels and 650,000 barrels a day, he said. Iraq produced about 2.4 million barrels of crude a day last month, according to Bloomberg estimates.
Home to the world’s third-largest oil reserves, Iraq had planned to ship roughly 16.1 million barrels of Kirkuk oil from Ceyhan in April, according to the state oil company’s loading schedule. The capacity of the Kirkuk-Ceyhan pipeline is 1.6 million barrels a day.
Source: http://www.hurriyetdailynews.com/n.php?n=iraq-oil-exports-via-turkey-to-resume-2010-04-26
“Repair operations are still underway, and I expect oil shipments to resume within three days,” said Imad Baqer, head of the company’s production department, in an interview from the northern Iraqi city of Kirkuk.
An explosive planted by unidentified saboteurs blew a hole in the pipeline on April 22, police said. The blast in Iraq’s al-Hadhar region halted the flow of crude from oil fields around Kirkuk to the Turkish Mediterranean port of Ceyhan.
Iraq pumps a quarter of its crude exports through the Kirkuk-Ceyhan pipeline.
Al-Hadhar lies in Nineveh province, where government authorities say insurgents, including extremists from al-Qaeda, frequently carry out attacks.
Kirkuk’s fields produce about 700,000 barrels of oil a day. The output level is expected to rise to 1 million barrels a day by 2012, after officials complete additional maintenance and development work, Baqer said last week.
North Oil currently exports between 450,000 barrels and 650,000 barrels a day, he said. Iraq produced about 2.4 million barrels of crude a day last month, according to Bloomberg estimates.
Home to the world’s third-largest oil reserves, Iraq had planned to ship roughly 16.1 million barrels of Kirkuk oil from Ceyhan in April, according to the state oil company’s loading schedule. The capacity of the Kirkuk-Ceyhan pipeline is 1.6 million barrels a day.
Source: http://www.hurriyetdailynews.com/n.php?n=iraq-oil-exports-via-turkey-to-resume-2010-04-26
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