Iraq separates its oil production to Khamin

by **Ponee** Sat Apr 25, 2015 11:47 am

Agencies - Two sources familiar with the matter said on Friday that the Iraqi Oil Marketing Company (SOMO) informed its partners that they can start downloading Basrah heavy starting from the month of May, rather than the main light sweet crude.

Iraq and operates the second largest producer in OPEC oil production to separate from the south to Khamin - light and heavy - to solve the problems affecting the quality of exports. Sumo and informed partners that they can download the new heavy crude from the southern Basra.

But the two partners, is scheduled to Atzlma heavy crude, said they had already sold Basra Light crude, which was devoted to their companies a month ago or two for download in April and May.

A source said the company, following the policy of the company, "we expect the launch of Basra crude heavy in June, but it happened sooner than expected."

He added, "this may affect about 30 million barrels of crude that has already sold ore light at the official price for the sale of crude."

Sumo had announced earlier this month, the first official price for the sale of Basrah heavy, although it did not allocate any amounts to its partners in the loading program for May. Sumo did not respond to a request via e-mail for comment.

Among Sumo partners BP and CNPC and Lukoil and CNOOC, Total and Petronas.

Iraq and racing against time to increase production at any price, which seeks to produce 4 million barrels per day during the current year, and aims to produce six million barrels per day by 2018.

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