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Iraq plans to export more than 3 million b / d of crude Basra next month

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Iraq plans to export more than 3 million b / d of crude Basra next month

Baghdad / Zahraa Hamid-term 11/15/2016

The Ministry of Oil, on Monday, its agreement with the Jordanian counterpart on strengthening mutual cooperation and activating the pipeline transportation of oil and gas from Basra to the port of Aqaba and set a time his roof project, noting that the agreement also includes the resumption of supplying Jordan with crude oil, as reported , two sources familiar with the matter, that Iraq It plans to export 3.153 million barrels per day of Basra crude through the southern ports in December next, called on the energy Committee in the Kirkuk Provincial Council, the Federal oil Ministry to approve the construction of a refinery produces 70 thousand barrels per day as a first stage at a cost of $ 500 million and provide four thousand jobs for the sons Kirkuk.

he said the ministry spokesman, Assem Jihad, said in an interview to the (long - Presse), " the visit of the Minister of energy and mineral resources of Jordan for Iraq witnessed the joint research projects , several of which the oil pipeline and gas transportation through the port of Aqaba and cooperation in the field of renewable energy , " pointing out that "Iraq 's oil minister, Jabbar Luaibi, stressed the need to implement a project of Iraqi oil pipelines through the port of Aqaba , the strategic and economic importance."

the Jordanian Minister of energy and mineral Resources, Ibrahim Saif, has arrived in Baghdad Sunday, the (13 November 2016), on an official visit to discuss bilateral cooperation between the two projects, most notably the Iraqi oil pipeline - Jordan, while Jordanian Ministry of energy confirmed that the project will open the way for Iraq to increase its exports to world markets.
Jihad said that " the joint committees between the two countries is keen to expedite the resolution of that file with a coalition of companies invested in particular that negotiations about it and reached an advanced stage , "noting that" Iraq and Jordan reached during the visit to the need for a time limit to resolve the development of the project, and agreed on the importance of strengthening bilateral relations between the two countries in the field of oil and energy, and to resume supplying Jordan with quantities of oil crude after the stability of the security situation in the border provinces. "

said a spokesman for the oil Ministry, said : " the minister Allaibi, instructed the formation of a committee to follow up the developments in the pipeline project and report regularly on the progress in this file , "pointing out that" the two ministers also agreed to cooperate on the field of training and exchange of expertise in the field of renewable energy and to benefit from the Jordanian leader in this field experiment, where it formed joint committees to discuss the possibility of transferring that experience and take advantage of them in the Iraqi service sectors. "

it was Jordan and Iraq signed in ( the ninth of April 2013), the framework to extend a tube that Agreement a length of 1700 km, stretching from Basra to the port of Aqaba, with a capacity of one million barrels per day, and the cost of about $ 18 billion.
will convey crude oil pipeline from the giant Rumaila field in Basra, to the ports of export in the port of Aqaba.

in a related context , said two sources familiar with the matter, that Iraq It plans to export 3.153 million barrels per day of Basra crude through the southern ports in December , down slightly from the month.
the sources told "Reuters", that "crude exports of Basrah light will rise to 2.437 million barrels per day , based on the program 's initial loading of the oil Marketing company of Iraq (SOMO ). "

according to exporters is expected to" Basra crude heavy exports drop to 716 thousand barrels per day in December of 900 thousand in November. "
in the past week , raising Iraq 's selling prices already allocated to Asia in December and select the price of Basra light crude less deduction for Mediterranean Arabian crude Saudi Arabia since October 2012.
he said oil traders, said that "raising prices could lead to lower demand and reduced bonuses for immediate shipments in December, and the number of buyers choose to postpone the purchase to January it expected lower prices at the time.

he said traders said "scarcity of Basra crude heavy supply and reasonable price for decades to December may reinforce allowances immediate shipments of crude." on the other hand called on the Committee on energy and oil in the Kirkuk Provincial Council, the Federal oil Ministry to speed up the approval of the offer made by a local company to build a refinery to maintain, for their contribution the development of oil installations and to provide four thousand jobs for the people of Kirkuk, noting that the refinery will produce 70 thousand barrels per day as a first stage and cost $ 500 million to pay the black oil.

the head of the Commission, Najat Hussein Hassan, in an interview to the (long - Presse), " the Committee met with representatives Barham company who made a presentation to the Iraqi Ministry of oil to build a refinery with a capacity of 70 thousand barrels per day, as a first stage to produce kerosene, oil and naphtha as well as black oil , "noting that" the project aims to develop oil projects in Kirkuk , especially the oil Mcefaha suffering from foot units that dating back to 1948. "

the chairman of the Committee on energy and oil in Kirkuk 's provincial council, said that" Barham company will build a refinery in favor of the Iraqi refineries company , according to the contract the supply at a cost of $ 500 million paid by the company without any benefits , "noting that" Barham company requesting the payment of the refinery price of Black oil output them applicable rates by the Federal Ministry of oil because it owns a factory for the production of asphalt used in paving streets. "

said Hassan," the refinery will be owned by the Ministry of oil provides about four thousand jobs for the people of Kirkuk exclusively , "calling the oil ministry to" to expedite the approval of the implementation of the project to serve the oil sector and the citizens of Kirkuk. "

the Kirkuk includes sites and fields of oil managed by the oil Ministry or the Ministry of natural resources in the North oil company manages Kirkuk and Jambour fields and baker that production rates up to 185 thousand barrels a day going 30 - a barrel old refinery Kirkuk , which produces a white oil and kerosene while going 20 thousand barrels of Baghdad to enter the generation of electricity.

the Kirkuk get before the June events, the share of gasoline from Bbjee refinery up to 1,000,300 thousand liters a day while you get today on more than 400 thousand barrels a intermittently during the week and that do not meet the need of Kirkuk , which includes more than 600 thousand displaced people.

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