Iraq's oil exports decline to 2.34 mm bpd in December

Jan 08, 2013 12:00 AM

Official data showed that Iraq's December oil exports declined to 2.34 million barrels per day (bpd) compared to 2.62 million bpd in the previous month.

Abdul-Ilah Qasim, an energy adviser to the Iraqi government attributed the drop to a slowdown in Kurdistan exports, rough weather and technical problems with a single point mooring terminal.

Iraq shipped 2.02 million bpd from the southern oil hub of Basra last month, down from 2.194 million bpd in November, said Qasim.

Lower Kurdish oil shipments last month pushed down Iraq's total average exports, after Baghdad said that the Kurdistan Regional Government failed to fully implement an agreement reached in October over exports.

Baghdad said last month it will not pay oil companies operating in Kurdistan because the region has failed to export the volume of crude it pledged under their deal.

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