Oil exports end 2013 down but banner year ahead
Construction, attacks and weather hampered output but oil exports in 2014 should outperform expectations, though the Iraq-Turkey Pipeline has already been attacked.
A ship is docked at Al-Basra oil terminal, next to a Central Meeting and Manifold Platform belonging to Iraq's Southern Oil Company on November 27, 2013. (ESSAM AL-SUDANI/Iraq Oil Report)
KIRKUK - Iraqi oil exports in 2013 averaged 2.391 million barrels per day (bpd) for a total of $89.145 billion in revenue, a lower than expected performance as Iraq weathered storms in the south and attacks in the north but stayed largely on target with infrastructure enhancements that will add 3 million bpd of additional export capacity by 2015.
Iraq has already witnessed its first oil sector attack of the new year, however, taking exports to Turkey offline.
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