Iraq's oil exports have fallen so far in December, capping what has been a disappointing year and highlighting challenges it faces in 2014 in achieving significant production growth.
The drop in exports this month shows Iraq h
Iran's draft budget estimates oil exports at around 1.1 million barrels per day (bpd), oil ministry website Shana said on Tuesday, indicating Tehran sees no major recovery in sales next year despite improving relations with the West.
Iran does not expect to raise its oil exports immediately after Sunday's nuclear deal, but is in talks with potential western investors in its energy industry, Iranian oil minister Bijan Zanganeh told the Financial Times newspaper.
Iraq's oil exports in October recovered from a 19-month low, but remained far below their peak due to ongoing maintenance and sabotage of pipelines, figures released yesterday showed.
Iraq exported 69.8 million barrels of oil
Oil exports from Libya's western Mellitah port have resumed after protests ended, allowing a large oilfield to ramp up production and providing some respite from a crisis that has crippled its economy.
Most of Libya's oil
Iran's oil sales in October will fall to their lowest in months, according to sources who track tanker loadings, indicating no early petrodollar dividend for Iran despite its apparent willingness to compromise on its disputed nuclear work.
Russia's No.2 oil producer Lukoil plans to reach commercial levels of oil production at Iraq's huge West Qurna-2 oilfield in the first quarter of 2014 and expects smooth exports from the deposit, a company official said.
Iraq's southern oil exports averaged 1.821 million barrels per day (bpd) in September, down from 2.308 million bpd in August due to ports maintenance, Iraqi oil officials said on Tuesday.
Iraq started maintenance at Basra Oil
Iraq's oil exports rose to an average of 2.579 million barrels per day (bpd) in August, the oil ministry said on Sunday, due to increased shipments from southern oil fields which have helped it move closer to a year-end target.
Iran has signed a memorandum of understanding (MoU) to export gas to Oman from 2015, in a 25-year deal valued at around $60 billion, Iran's energy ministry news service said on Tuesday.
Energy-hungry Oman agreed to buy gas fro