Platts
: April's Venezuela production 2.58 million b/d from 2.59; OPEC-10 output
climbs 60,000 b/d
Petroleumworld
CARACAS
Petroleumworld.com
05 10 06
Venezuelan
production edged down further to 2.58 million b/d from 2.59
million b/d in March, a Platts survey of OPEC and oil industry officials
showed Tuesday.
The
survey showed total OPEC output climbing from 29.76 million b/d in March
to 30.01 million b/d in April, an increase of 250,000 b/d.
Higher
volumes from Iraq and Nigeria pushed total OPEC crude production in
April back above 30 million b/d for the first time since November,
Excluding Iraq, the ten OPEC members with quotas increased their average
output by 60,000 b/d, from 27.94 million b/d in March to 28 million
b/d--their official ceiling level--in
April.
The biggest single increase came from Iraq, which saw volumes rise from
1.82 million b/d to 2.01 million b/d in April, thanks to a big boost
in exports from the south which had been constrained by a combination
of weather problems, power outages and sabotage. Exports from the north,
via Turkish Mediterranean port Ceyhan, remain on hold.
The survey showed Nigerian production rising to 2.2 million b/d from
2.15 million b/d in March as new production from ExxonMobil's offshore
Erha field helped to offset production lost as a result of militant
attacks on oil facilities in the Niger Delta.
Other smaller increases came from Indonesia and the UAE--10,000 b/d
each--and Iran, whose production rose from 3.86 million b/d in March
to 3.88 million b/d in April.
Saudi production slipped 20,000 b/d to average 9.48 million b/d.
Petroleumworld News 05 09 06
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