Iraq Exports Less Kirkuk Crude From Ceyhan Than Planned in 2013

Iraq exported 29 percent less Kirkuk crude than scheduled in shipping plans in the first seven months of this year, according to data from port agent Boutros Maritime & Transport SA and loading programs.

The Middle Eastern nation shipped an average of 218,830 barrels a day from the Turkish port of Ceyhan from January to July, data compiled by Boutros show. This compares with 307,311 barrels a day based on monthly loading plans.

Shipments from Kirkuk to Ceyhan have repeatedly halted this year because of sabotage and technical faults. Exports of the blend are near five-year lows in July at about 190,000 barrels a day, including 14,000 barrels to Jordan, the International Energy Agency said in its monthly Oil Market Report on Aug. 9.

“Persistent militant attacks on the Kirkuk pipeline running to the Mediterranean port of Ceyhan have undermined export flows since a 2013 high of 345,000 barrels a day,” the IEA said. “The suspension of exports from the Kurdistan region to the Kirkuk-Ceyhan crude pipeline, which is controlled by the central government in Baghdad, accounts for around 100,000 barrels a day of the export shortfall.”

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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