Iraq seeks to raise its exports in December

Trade sources said on Friday that the oil sector, Iraq's second-largest producer in OPEC planned to export 2.90 million barrels of crude oil from its southern Basra his ports in December.

The sources relied on program first to load oil.

December deliveries increase slightly those schema exported this month of 2.819 million barrels in size with support from increased exports of Iraqi crude.

Iraq targeted export standard 3.68 million barrels a day in October but not only 2.7 million barrels per day on average because of the bad weather which hampered loading tankers.

Iraq plans to export about 2.13 million barrels of Basra light crude in December without change from the previous month. Basra crude exports heavy, will rise to approximately 768 thousand barrels of 720 000 in November.

Iraq section ore types ranging from June to resolve problems relating to quality and increase exports.

In the same vein, said the Organization of petroleum exporting countries, OPEC, the oil output fell in November and that it expects production of its competitors in 2016, for the first time since 2007, due to low prices, which would reduce investment in the private sector, limiting the availability of supply on the world market.

The organization said in a monthly report that it pumped 31.38 million barrels per day in November, down 256 thousand barrels a day from September.

She expects production from outside, in 2016.

OPEC also predicted falling oil production from outside the organization with approximately 130 barrels after rising by 720 000 barrels a day in 2015, '' the cut capital spending by about $ 200 billion this year and next, will lead to a gap in supply.

The Organization has kept the report on expectations global demand core in 2016 without changing unexpectedly need global market to 30.82 million bpd of the Organization, and that rising global demand by 1.25 million barrels per day. D8%B9%D9%89_%D9%84%D8%B1%D9%81%D8%B9_%D8%B5%D8%A7% D8%AF%D8%B1%D8%A7%D8%AA%D9%87_%D8%A7%D9%84%D8%AC%D 9%86%D9%88%D8%A8%D9%8A%D8%A9_%D9%81%D9%8A_%D9%83%D 8%A7%D9%86%D9%88%D9%86_%D8%A7%D9%84%D8%A3%D9%88%D9 %84-ZAWYA20151114090622/