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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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