Fig 1: Iraqi crude exports by SOMO The above graph shows Iraqi crude oil exports by the SOMO oil marketing company. Until March 2014 Kirkuk crude from North Oil Company (Avana and…
Tag: Iraq crude oil exports
Incremental crude production update August 2016
OPEC Fig 1: OPEC’s incremental crude oil production Incremental production for each country is the production above the minimum production for the period Jan 2000 – May 2016 (the latest data available…
Iraq needs 1.3 mb/d additional oil exports and $US 70 oil to balance budget
The following graphs use data from the latest Article IV consultation report published by the International Monetary Fund (IMF) in August 2015. All IMF papers on Iraq are here. Government Revenues Fig…
World’s untested assumption on 6 mb/d Iraqi oil by 2020
Given the ethnic turmoil in Iraq triggered by ISIL’s recent seizure of towns in Iraq’s North and West it is uncertain how this will impact on oil production in the Shia controlled…
Iraq crude oil exports stall amid pipeline attacks
Those who expect a doubling of Iraqi oil production to 6 mb/d by 2020 should pray for enduring peace and social justice in this war-torn country. Iraq’s overdue integration into OPEC’s quota…