+44(0) 800 772 3004
marketing@ziyen.com

Iraq's southern oil exporting 3.3 million bpd, untouched tribal conflicts

The southern region of Iraq produces the most oil for the country and most of the 3.215 million bpd is from this region.

Oil executives report an average daily rate of 3.297 million barrels per day currently exported from the southern region in Iraq despite ongoing tribal clashes and proving higher than December’s average of exported oil.   

The southern region of Iraq produces the most oil for the country and most of the 3.215 million bpd is from this region. Crude oil shipments from the south therefore account for all of Iraq’s central governments oil sales since the Kurdish government in the north attempted to financially distance itself from due to an escalating dispute over oil export rights and budgetary issues. 

South Oil Company’s deputy director, general Salah Mahdi also says  fields are running normally in Basra. "The security situation is very good, I don't see any impact on our oil operations," he said.

This is partly due to the country’s increased presence of the armoured army division and police strike force in the Southern oil city of Basra to disarm and diffuse fighting between Shi’ite Muslim tribes as it intensified, according to local officials. However, Islamic state militants in the north and west have caused concern for energy operations in the south. 

"Recent security operations in Basra are sending reassuring messages to international foreign oil companies," Mahdi said.

South Oil Co. will soon become Basra Oil company and will oversee exploration and production operations as part of a nationwide initiative to create smaller provincial companies.

 

 

Categories

Read more news like this

Categories
Oil Export News