New Iraq oil exports by Jan. 31

Iraq's Oil Ministry announced a timeline to bring new exports online, as well as its first new oil field discovery in 30 years, and 2011 oil and revenue statistics.
New Iraq oil exports by Jan. 31
Iraqi Oil Minister Abdul Karim al-Luaibi holds a jar of crude from the newly discovered Dima oil field in Missan province during a press conference Jan. 18, 2012, at the Oil Ministry in Baghdad. (BEN LANDO/Iraq Oil Report)

Tankers will start loading crude from new export terminals by Jan. 31, marking the completion of the first phase of a southern oil export expansion project. "This is the most important project to be implemented in Iraq – not only in the oil sector but all of Iraq," said Oil Minister Abdul Karim al-Luaibi at a press conference Wednesday.When all of its stages are complete, the multi-billion dollar project will add 5 million barrels per day (bpd) of export capacity through the Arabian ...

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