Tankers berth at the Al Basra Oil Terminal in the Northern Arabian Gulf (file). Iraq exported an average of 2.341mn bpd in December, down from 2.381mn bpd in November, oil ministry spokesman Asim Jihad said yesterday. The average selling price was $102.9 per barrel, generating $7.47bn in revenues, he added. “Bad weather around the southern ports in the Gulf and repeated sabotage attacks and technical maintenance in the north have contributed to the December exports fall,” Jihad said.
Iraq shipped 2.081mn bpd from the southern oil hub of Basra and 260,000 bpd from the northern Kirkuk oilfields. Flows through the pipeline from Kirkuk to the port of Ceyhan in Turkey have been repeatedly disrupted this year due to attacks by militants. Opec’s second biggest producer is expected to show a second year of only modest output growth in 2014. Gulf Times