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Saudis Race to Restore Oil Output After Aramco Attacks

Public Policy

Saudi Arabia is racing to restore oil production after a brazen drone strike on a key Aramco facility slashed its output by half, or about 5% of world supply, an assault that the U.S. has blamed on Iran.

State energy producer Saudi Aramco lost about 5.7 million barrels per day of output after 10 unmanned aerial vehicles on Saturday struck the world’s biggest crude-processing facility in Abqaiq and the kingdom’s second-biggest oil field in Khurais, the company said.

Aramco would need weeks to restore full production capacity to a normal level, according to people familiar with the matter. The producer however can restore significant volume of oil production within days, they said. Aramco could consider declaring force majeure on some international shipments if the resumption of full capacity at Abqaiq takes weeks, they said.

Third Place

Saudi Arabia was the world’s third biggest producer of oil in August

Source: U.S. Department of Energy, Bloomberg, Russian Energy Ministry

The attack will likely rattle oil markets and cast a shadow on Aramco’s preparations for what could be the world’s biggest stake sale. It’s also set to escalate a showdown pitting Saudi Arabia and the U.S. against Iran, which backs proxy groups from Yemen to Iran and Lebanon.

The disruption is “quite significant,” Mele Kyari, chief executive officer of state producer Nigerian National Petroleum Corp., told Bloomberg Television on Sunday. “If it’s protracted it could be a big challenge for the oil markets.”

In Pictures: This Is Where Saudi Arabia Gets Its Oil

The attack is the biggest on Saudi Arabia’s oil infrastructure since Iraq’s Saddam Hussein fired Scud missiles into the kingdom during the first Gulf War. The damage highlights the vulnerability of the Saudi industry that supplies 10% of the world’s crude oil. The kingdom’s benchmark stock index tumbled as much as 3.1% on Sunday in Riyadh.

Saudi Oil Output Cut in Half After Drones Strike Aramco Site

Satellite image showing plumes of smoke rising from an Aramco facility in Abqaiq on Sept. 14.

Iran-backed Houthi rebels in Yemen claimed responsibility for the attacks, but U.S. Secretary of State Michael Pompeo blamed Iran directly without offering evidence for that conclusion. Iran’s Foreign Ministry described Pompeo’s remarks as “blind and fruitless accusations.”

Afghanistan-US-Pompeo

Mike Pompeo

Saudi oil facilities as well as foreign tankers in and around the Persian Gulf have been the target of several attacks over the past year. The escalation coincided with the President Donald Trump’s decision to pull the U.S. out of the 2015 nuclear agreement with Iran and re-imposed crippling economic sanctions against the Islamic Republic.

The Houthis, who are fighting Saudi-backed forces in Yemen, have claimed responsibility for most of the strikes against Aramco installations.

Aramco Repairs

“Work is underway to restore production and a progress update will be provided in around 48 hours,” said Amin Nasser, Aramco’s president and chief executive officer. Aramco is working to compensate clients for some of the shortfall from its reserves.

Aramco may offer customers crude oil grades alternative to Arab Light and Arab Extra Light because of the Abqaiq halt, according to a person familiar with the matter. The company may offer Arab Heavy and Arab Medium as replacement, the person said.

Saudi Aramco, which pumped about 9.8 million barrels a day in August, will be able to keep customers supplied for several weeks by drawing on a global storage network.

The Saudis hold millions of barrels in tanks in the kingdom itself, plus three strategic locations around the world: Rotterdam in the Netherlands, Okinawa in Japan, and Sidi Kerir on the Mediterranean coast of Egypt.

A satellite picture from a NASA near real-time imaging system published early on Sunday, more than 24 hours after the attack, showed that the huge smoke plume over Abqaiq had dissipated completely. But four additional plumes to the south-west, over the Ghawar oilfield, the world’s largest, were still clearly visible. While that field wasn’t attacked, its crude and gas is sent to Abqaiq and the smoke most likely indicated flaring. When a facility stops suddenly, excess oil and natural gas is safely burned in large flaring stacks.

Brent crude has slumped to almost $60/bbl

U.S. Reserves

For the global oil market, the 5.7 million barrels a day outage is the worst single and sudden supply disruption ever, surpassing the loss of Kuwaiti and Iraqi petroleum supply in August 1990, and the loss of Iranian oil output in 1979 during the Islamic Revolution, according to data from the U.S. Energy Department.

The U.S. Department of Energy said it’s prepared to dip into the Strategic Petroleum Oil Reserves if necessary to offset any market disruption.

Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries, has been leading the group in production cuts to mop up a surplus of crude in the market. So when half of Saudi Arabia’s production is knocked out, the question is how long the disruption lasts.

“The global economy can ill afford higher oil prices at a time of economic slowdown,” Ole Hansen, head of commodities strategy at Saxo Bank A/S in Copenhagen, said in an emailed response to questions. So while a surge in prices driven by lower supply “may temporarily remove the focus on slowing demand, it could, if prolonged, potentially reduce demand growth expectations even more.”

bloomberg



71 Comments on "Saudis Race to Restore Oil Output After Aramco Attacks"

  1. ANAL REAPER on Sun, 15th Sep 2019 9:04 am 

    Better fill up your gas cans you faggots

  2. Ban the lunatic on Sun, 15th Sep 2019 9:12 am 

    our board lunatic juanPaultard and his sexual perverted sock. His obsessive compulsions are out of control. Ban the bitch

    ANAL REAPER said Better fill up your gas cans you faggots

  3. Ban the lunatic on Sun, 15th Sep 2019 9:48 am 

    Fuck you too nigger

  4. Robert Inget on Sun, 15th Sep 2019 9:50 am 

    ? Will higher prices slow demand???
    (expect eventual 50% increase)
    ? Will Iraq, Ecuador, Venezuela, join with Iran politically, ending OPEC?
    ? How far will escalation proceed???
    (Will Putin green-light US intervention?)
    (Will Trump green-light Israeli)
    ? How much will alternative energy resources be encouraged to permanently REPLACE fossil fuels?

    Just a few questions raised by following commentary.
    By screen name, ‘aceroilandgas’

    Actually outage is 6.4M (inclusive of liquids)
    I noticed the media is only talking about 5.7M in lost crude production, but Saudi media has also mentioned the loss of 700K in NGLs. Thus, using the IEA methodology, total liquids loss is 6.4M barrels and not 5.7M. Several press reports indicated that the repairs may take weeks, I imagine production will gradually return starting with the precautionary shut down production.

    Obviously there is a correlation between the size of the outage and its duration, an outage of this size does not need to last for too long to have a material impact on global inventories. Earlier this month the DOA announced the sale of 10M barrels from the SPR, this quantity has already been offset within 36 hours of this outage.

    This morning the FT is reporting Saudi Arabia is considering an emergency OPEC meeting to have other producers step in temporarily, outside of SA, the remaining excess capacity is not more than 600K, hence the IEA may to proceed with a coordinated strategic reserves release. Strategic reserves should be sufficient to address the shortfall if it lasts for few weeks, however strategic reserves are not production, eventually they have to be replenished (except perhaps for the US which seems to have decided that it does not need a sizable SPR cushion). If the released strategic reserves are not replenished, this will only underpin oil prices in the future since it means the world has limited capacity to address unexpected shortfalls. It is my guess, and it is only an educated guess at this point, that this incident is going to remove something between 50M and 100M barrels from global inventories. I expect WTI will average something closer to $60 between now and year end as a result of this, this number should reflect reduced inventories and the elevated geopolitical risk. $60 WTI is bearish for 2020 if this means a rebound in US shale production, however, the resulting large loss of inventory due to this attack means the feared Q1/2020 large supply/demand imbalance wont hurt prices as much as was initially thought, it will take one quarter of 1M a day in excess production to bring inventories back to where they were before the this outage based on my estimates.

    Due to the lag between US shale response and prices, a short-term rally in prices will only translate into higher US shale production by 2H/2020, hence the 2020 outlook seems to have shifted with 1H/20 being potentially more bullish than 2H/20.

    The above does not take in consideration any potential escalation, which I believe it to be serious and likely. If this situation escalates, as I expect, I believe a material quantity of oil will be off the market for a longer period of time and the geopolitical premium will go through the roof. If a large conflict does take place and supplies are hindered in a sustained way, US shale is going to drill full steam, this would help tame a potential severe jump in prices, but it will also usher a faster peak for US shale than initially expected. US shale operators are not creating new acreage, and with their productivity growth stalling, higher prices will only get them to burn their acreage faster, which in the medium term is extremely oil bullish.

    I will be remiss if I don’t touch on demand, obviously a jump in prices is going to slowdown demand growth, and encourage the adoption of alternative energy sources. Long term such jumps in prices are oil price negative. Most worrisome, a jump in oil prices could stoke inflation and discourage central banks from pursuing a more aggressive monetary policy. If rates were maintained higher as a result, the combination of higher oil prices and higher rates will impact economic growth and inevitably hurt demand growth. The silver lining here is that such a development may encourage the US and China to strike a deal in order to counter the headwinds of a high oil price induced slowdown. Other governments may also resort to fiscal tools to stimulate demand in this scenario.

    Finally, such major disruption highlights the importance of building oil pipelines in North America. If Keystone XL was built, North America and the world would be in a better place today. The same applies to Trans-mountain and Energy East. While some will use this attack as a pretext to encourage the move away from fossil fuels, others will argue that this attack underpins the case for increasing the support for North American pipelines.

    ‘I do not share all the opinions expressed above’.
    R. Inget

  5. More Obvious Davy Socks on Sun, 15th Sep 2019 10:03 am 

    Obvious work of Davy in a fake effort to prove his point.

    ANAL REAPER on Sun, 15th Sep 2019 9:04 am

    Ban the lunatic on Sun, 15th Sep 2019 9:48 am

  6. Robert Inget on Sun, 15th Sep 2019 10:05 am 

    Think about it.

    At least 5%, perhaps, 6.5%, lost for weeks.(months?)
    Under current conditions,
    It’s IMPOSSIBLE to make up that deficit.

    Every exporter was already dancing as fast as they could.
    The US will no longer be able to find enough heavy oil to replace missing Venezuelan crude.
    (Diesel, Jet fuel, HO)

    Canada’s inventories were already at 2017 lows.
    exports 3.1 Billion barrels of oil per year.

    Crude oil facts | Natural Resources Canada
    https://www.nrcan.gc.ca/crude-oil-facts/20064
    In 2018, Canada was the largest foreign supplier of crude oil to the U.S., accounting for 48% of total U.S. crude oil imports and for 22% of U.S. refinery crude oil intake. Canada exported 3.5 million barrels per day to the U.S. in 2018, 96% of all Canadian crude oil exports.

  7. pointer on Sun, 15th Sep 2019 10:23 am 

    Have to give Pompussyeo credit for creativity, but Americans are now too brain-dead to get worked up to support an attack on Iran. Try again, Mikey.

  8. joe on Sun, 15th Sep 2019 10:27 am 

    Puts the kibosh on Saudi-Aramco IPO imho. Works out too for the less moderate folks who just love that jihad lifestyle. MBS the fake reformer will be gone soon. The Yemen war was his idea. Cooler heads in Saudi will act soon to stop this maddness.

  9. Cloggie on Sun, 15th Sep 2019 11:25 am 

    52% of the British support a new referendum on Irish reunification to enable Brexit by solving the backstop problem and prevent a revival of “the Troubles”, well within UK borders at least. 19% are against.

    https://www.spiegel.de/politik/ausland/brexit-umfrage-bekommt-schottland-ein-zweites-referendum-a-1286919.html

    For a new referendum on Scottish independence, 45% in favor, 30% against, 25% no opinion.

  10. Richard Guenette on Sun, 15th Sep 2019 12:27 pm 

    Yemen should be rebuilt and the victims’ families should receive compensation for their loss.

  11. Davy on Sun, 15th Sep 2019 12:54 pm 

    You got that right Ricky.

  12. Cloggie on Sun, 15th Sep 2019 12:55 pm 

    What are you waiting for, Richard?

  13. Fucknut juanPaultard on Sun, 15th Sep 2019 1:06 pm 

    Ban the ID theft bitch

    Davy said You got that right Ricky.
    Richard Guenette said Yemen should be rebuilt and the victims’ fam…
    Davy said cloggo, Sir, I know you have a highly successful i…
    Davy said Oops, sorry for my usual zero intellect, off topic…

  14. Davy on Sun, 15th Sep 2019 1:23 pm 

    “Sweetening Up the Crude”
    https://tinyurl.com/y39xhwau Aramco world

    “Among the petroleum installations at Abqaiq, Saudi Arabia, is a big processing plant known as a crude-oil stabilizer, and, figuratively speaking, you might say that it’s main job is to get rid of the “rotten eggs.” “Rotten eggs” means hydrogen sulfide gas (H2S)—they share a common odor. If you’ve ever cracked a bad egg into an omelet, you’ll get the idea. This gas is contained in the crude oil as it comes from the wells. It not only has a vile odor, it’s also poisonous—it can kill you if you inhale it. And it’s corrosive. If the crude is “wet”—that is, if it contains water—the H2S and the H2O will react to form H2SO4—sulfuric acid, a heavy oily liquid that can eat its way through a steel pipeline or storage tank. Hydrogen sulfide has to go. And one of the Aramco plants that does this job at Abqaiq is the world’s largest crude-oil stabilizer: it can process up to 950,000 barrels of crude daily. That’s equal to 39,000,000 gallons—a pretty fair batch in anybody’s kitchen. The stabilization process—basically a form of partial distillation—does two jobs at the same time: it sweetens “sour” crude oil (removes the hydrogen sulfide) and reduces vapor pressure, thereby making the crude safe for shipment in tankers. Vapor pressure is exerted by light hydrocarbons, such as methane, ethane, propane, and butane, changing from liquid to gas as the pressure on the crude is lowered. If a sufficient amount of these light hydrocarbons is removed, the vapor pressure becomes satisfactory for shipment at approximately atmospheric pressure. All the crude produced in Saudi Arabia—except for that of the offshore Safaniya Field in the Persian Gulf—is “sour.” At ground level the pressure may be as high as 1,000 pounds per square inch (or “1,000 psi,” as the engineers say). It must be reduced considerably before it reaches the stabilizer, so it’s sent first to a gas-oil separator plant, or “GOSP.” There are eleven of these in the Abqaiq area.”

  15. Robert Inget on Sun, 15th Sep 2019 1:40 pm 

    Repair Time Estimates;

    Some specifics on damage from Alexander Stahel;

    Here are some specifics on damage. Now desulfurization units use hydrogen. Hydrogen catches fire with the smallest of energy such as friction. Looks like the rogues had insider information so that they can hit the targets precisely.

    Exxon damaged a de-propanizer totally in a fire and will take more than 3 months to rebuild.

    Saudi crude contains H2S & must be processed to make it fit for transport through pipelines or processing in refineries. EA understands that at least 1 of 7 stabilisation trains at Abqaiq are severely damaged while 8-10 of the 18 desulphurisation towers are out of action

    Good time to call off that IPO KSA.

  16. Davy Sock Puppet on Sun, 15th Sep 2019 2:12 pm 

    Fucknut juanPaultard

  17. Chrome Mags on Sun, 15th Sep 2019 2:37 pm 

    “At least 5%, perhaps, 6.5%, lost for weeks.(months?)
    Under current conditions,
    It’s IMPOSSIBLE to make up that deficit.

    Every exporter was already dancing as fast as they could.”

    Bad situation, I agree Inget, but we also need to know is what’s to stop the Yemeni Houthis from launching another attack in short order, making repairs ineffective? What if the Saudi’s don’t have the tech to stop small drones and the attacks occur bi-monthly or weekly? The situation could devolve into worldwide economic calamity as export supply dwindles and price skyrockets.

    The situation could also bring Trump & Pompeo into it with military strikes on Iran. So many variables right now but certainly a powder keg of a situation.

  18. Davy on Sun, 15th Sep 2019 3:07 pm 

    “Bad situation, I agree Inget, but we also need to know is what’s to stop the Yemeni Houthis from launching another attack in short order, making repairs ineffective? What if the Saudi’s don’t have the tech to stop small drones and the attacks occur bi-monthly or”

    Houthis will be hard pressed to successfully make another attack like this one so I doubt that is an issues. There is plenty of oil in storage and SPR’s. The global economy is teetering on a recession or worse. Bob cries wolf any chance he gets. He loves to spout off extreme views. We don’t know yet fully how bad the damage is. An oil price shock will do even more economic damage lowering demand further.

  19. joe on Sun, 15th Sep 2019 3:51 pm 

    it does not matter really who fired. likely it was Yemeni shiite (houthis) who have faced down an army of mercenaries from all over the world that make isis look like little girls. all this because MBS saw a route to the crown through military victory in Yemen. Trump should have never backed MBS but he did it cause of Jared Kushner and the Israelis. the Muslim world knows this and they hate MBS. if Trump wants to go the whole hog on this he had better be ready to use nukes or else bring back conscription cause the US bodies will pile up very fast if they spark off a shooting war with central Asia

  20. Robert Inget on Sun, 15th Sep 2019 4:28 pm 

    Energy Investing; “Raisenative”

    Lots of Facilities Engineers
    I was a Facility Engineer in the Gulf Of Mexico in the 1990’s. The size of Vessels that were destroyed cannot be retooled and back up systems used. This kind of equipment isn’t on the shelf at Wilson Supply and can be on a truck heading into the desert tomorrow. The type of Equipment that was destroyed takes months to fabricate. Speaking from Experience.

    (Much of the equipment destroyed was fabbed
    twenty years ago)

    The Saudis will be pulling crude from storage, NOT production.
    The GOOD news (for them): They can now get far higher prices for ‘dead’ storage.

    The same goes for Iran and Mexico and Venezuela.

    (BTW) Davy said all this about me years ago when I predicted Russia and China would one day own Venezuela. OTOH, he may still believe I’m wrong.

    For now unless Putin gives the OK, Venezuela’s billions of barrels, off limits to US military.
    (and, after all we’ve done for the Venezuelan,
    Yemeni, Iraqi,
    people too).

    Do I believe there will be further attacks?
    Of course.
    During the early stages of the Iraq war I kept track
    of pipeline bombings on a DAILY basis.

    Iraq Pipeline Watch
    Attacks on Iraqi pipelines, oil installations, and oil personnel:

    2003
    1. June 12 — attack along the 600 mile (960 km) pipeline that carries crude oil from Iraq’s northern fields near Kirkuk to Turkey’s port of Ceyhan on the Mediterranean Sea
    2. June 19 — explosion in Bayji refinery complex about 125 miles (200 km) north of Baghdad
    3. June 22 — explosion in natural gas line near Hit, a city about 95 miles (152 km) northwest of Baghdad
    4. June 23 – gas pipeline explosion outside the town of Abidiyah Gaarbiga, near the Syrian border in western Iraq
    5. June 24 — explosion near Barwanah pipeline carries crude to al-Dawrah refinery in Baghdad
    6. June 26 — explosion near Al-Fatha near the River Tigris on pipeline carrying oil to the Bayji refinery
    7. July 29 — attack on pipeline near Basra
    8. July 31 – saboteurs blew up part of a pipeline near Bayji
    9. August 1 – two rocket propelled grenades fired at exposed and leaking valve in an oil pipeline running west of Karbala sparked a blaze.
    10. August 1 – explosion on oil pipeline running from Kirkuk to Bayji.
    11. August 12 — attack near al-Taji near Baghdad
    12. August 15 – explosion near Bayji
    13. August 16 – explosion near Bayji
    14. September 8 — attack on pipeline from the Jabour oil field 20 miles (32 km) southeast of Kirkuk to the main pipeline that originates there
    15. September 18 – attack on pipeline from Kirkuk to Ceyhan
    16. October 11 – attack on pipeline from Zab to Kirkuk
    17. October 16 – pipeline explosion near the city of Hadeetha, 125 miles (200 km) northwest of Baghdad
    18. October 23 – explosion near natural gas pipeline 30 miles (48 km) south of Mosul
    19. October 23 – bombing attack on an oil pipeline 150 miles (240 km) north of Baghdad
    20. November 1 – explosion at oil pipeline about 9 miles (15 km) north of Tikrit
    21. November 4 – explosion at a pipeline plant in Zumar, 38 miles (60 km) northwest of Mosul
    22. November 10 – Mohammed al-Zibari, distribution manager for the Oil Distribution Company was shot and wounded in the northern city of Mosul in what seems to be the first assassination attempt on officials from an Iraqi oil firm. Zibari’s son was killed in the attack. Zibari told Reuters, “Three people opened fire with AK-47s. My driver saw them and so did my bodyguard,” adding “Definitely foreign regime loyalists are responsible for this. I have no personal enemies, no tribal or family problems, and I’m not a member of any political party.”
    23. November 17 – blast 1.2 miles (2 km) east of the Bayji refinery, at a pipeline taking fuel oil to the Daura refinery, in the southern suburb of Baghdad. Resulting damage on the power supply line to the 300,000 barrels per day Bayji refinery, located 156 miles (250 km) north of Baghdad, forced a 2 day electricity shutdown.
    24. November 18 – explosion on oil pipeline in the region of Mashruh al-Therthar, south-west of the city of Samarra. The feeds the Daura refineries in Baghdad.
    25. November 22 – Abdel Salam Qanbar, an Iraqi police colonel in charge of security for oil installations in the northern city of Mosul was shot and killed by unknown attackers in a vehicle.
    26. November 22 – club inside the Iraqi Northern Oil Company compound in Kirkuk, 150 miles (240 km) north of Baghdad, was hit during the night by mortar shells wounding three foreign nationals.
    27. November 23 – blast on a pipeline transporting gas from the Jambur oil field to the Bayji refinery caused fire so huge its glow at night is visible from Kirkuk, 19 miles (30 km) north of Jambur.
    28. November 26 – oil pipeline linking oilfields in northern Iraq to the Bayji refinery on fire near the village of Sharqat, about 30 miles (48 km) north of Bayji.
    29. December 9 – explosion on a gas pipeline that runs from Kirkuk to a bottled gas factory north of Baghdad.
    30. December 10 – explosion at point 84 miles (135 km) west of Kirkuk on oil pipeline linking the Bayji and Daura refineries.
    Watch video
    31. December 19 – blaze on a pipeline south of Baghdad causing significant leakage.
    32. December 20 – rocket-propelled grenades hit storage tanks in southern Baghdad on Saturday; resulting fires burned about 2.6 million gallons of gasoline.
    33. December 20 – rocket-propelled grenades cause pipeline explosion in the al-Mashahda area 15 miles (24 km) north of Baghdad.
    34. December 21 – explosion on pipeline in the al-Mashahda region, 30 miles (50 km) north Baghdad.
    35. December 21 – pumping station near Bayji refinery attacked with mortars.
    36. December 22 – explosion at 3:30 pm (1230 GMT) in Riad about 28 miles (45 km) west of Kirkuk, on fuel pipeline between Kirkuk’s oilfields and Iraq’s biggest refinery in Bayji, parallel to the crucial pipeline between Kirkuk and the Turkish Mediterranean port of Ceyhan.
    37. December 22 – fire on pipeline supplying Bayji refinery with crude from the oil fields of Kirkuk at point about 30 miles (50 km) northeast of refinery.

    2004
    38. January 7 – explosion holes pipeline connecting oil fields to a pumping station in the area around Hassiba, 85 miles (135 km) west of Kirkuk, Northern Oil Company director general Adel Kazzaz said “The fuel line was used for domestic market needs and filling up tankers that export crude.”
    39. January 30 – explosion on pipeline carrying crude oil from Kirkuk to Bayji refinery.
    40. February 22 – explosion and fire on the Kirkuk-Baghdad-Basra pipeline near Al-Hare, a small town west of Karbala, about 70 miles (110 km) south of Baghdad. This is reported to be the first attack against a pipeline in southern Iraq since the ousting of Saddam Hussein.
    41. February 26 – explosion apparently caused by homemade bomb thrown under oil and gas pipes damaged part of an oil pipeline about 60 miles (96 km) north of Baghdad.
    42. March 2 – large explosion on oil pipeline near the northern city of Kirkuk causing a huge fire but no casualties. The blast hit the main oil line leading to the Bayji refinery 125 miles (200 km) north of Baghdad igniting a huge fire police chief Turhan Yussef said. “The explosion happened at 11.15am (0615 AEDT). An explosive device was placed under the pipeline at Al-Riad, 21 miles (35 km) west of Kirkuk,” he said.
    43. March 10 – fire on an oil pipeline south of Baghdad, leading from southern fields to the Daura refinery outside Baghdad. Firefighter Saleh Jabbar said it appeared to be the result of sabotage.
    44. March 12 – oil pipeline blown up west of Tikrit on Friday, resulting in a fire on the line. The pipeline links northern oil fields in Kirkuk with the Daura refinery on the edge of Baghdad.
    45. March 24 – Northern Oil Company oil well in the Khabaz area, about 55 miles (88 km) west of Kirkuk, was bombed at night. The resulting fire was extinguished late the following day. Gen. Mohammed Amin, the Iraqi Civil Defense Corps chief in Kirkuk said the well was not being tapped at the time of the blast nor was it closely guarded. “This is a terrorist act. This is the first time an oil well has come under attack in Kirkuk.” Amin said.
    46. March 25 – blast on a main oil well in northern Iraq that feeds exports through Turkey. Adel Qazzaz, director-general of the Northern Iraqi Company (NOC) said, “The explosion occurred at 3:30 pm (1230 GMT) because of an explosive charge planted by unknown individuals inside the well, located 47 miles (75 km) west of Kirkuk.” He added, “It inflicted massive damage in the well, and firefighters are having a hard time extinguishing it because the explosion occurred inside the well and not in the pipelines.” Qazzaz said firemen would need two days to put out the fire, and noted “the well is a principal producer for oil exports through the Iraqi-Turkish pipeline and for covering local market demands.”
    47. March 26 – pipeline in the southern Basra oil facilities on fire, said an official from Iraq’s State Oil Marketing Organization. Iraqi guards on duty at Shuaiba, near the southern city of Basra, said saboteurs ignited crude oil that leaked from the pipeline. A British military spokesman disagreed with the report, saying “It was not the result of an explosion. We understand that a pipeline valve failed and fire broke out from the resultant spillage.”
    48. April 4 – attack on oil pipeline in southern Iraq which links Basra with Faw port on the Persian Gulf. ruptured it and set the oil ablaze.
    49. April 8 – mortar round hit natural gas tank and another hit a pipeline at a plant north of Kirkuk operated by the Northern Iraqi Company (NOC) Jumaa Ahmad, head of the fire fighting brigade, said.
    50. April 21 – bombing on pipeline north of Baghdad.
    51. April 24 – suicide bombers in three boats blew themselves up in and around the Basra terminal zone, one of the most heavily guarded facilities of its kind in the world.
    52. May 8 – bomb 35 miles (56 km) south of Basra damaged an 18-foot section of one of two pipelines running from Basra to the Faw peninsula on the Gulf. U.S. Army Corps of Engineers Spokesman Steve Wright said oil exports from the Basra and Khor al-Amaya offshore southern terminals, through which about 90% of Iraq’s oil exports flow, were stopped as a result: “Pumping has stopped. They attacked in the vicinity where the manifold goes into the sea.” According to Iraqi officials exports were still flowing from Basra albeit at a reduced rate of 1.2 million barrels per day (bpd) compared with 1.6 million bpd prior to the attack as oil from the damaged pipeline is flowing through the parallel pipeline. Ali Nasr al-Rubaie, director of the main port terminal said exports had been halved following the attack: “We have dropped from an average of 80,000 barrels per hour to 40,000 barrels per hour.”
    53. May 8 – attack on oil pipeline taking crude northwards from the country’s southern oilfields at point 25 miles (40 km) south of Baghdad, oil ministry spokesman Assem Jihad said on Saturday, noting it would take several days to start pumping oil again.
    54. May 9 – blast near a strategic oil pipeline network linking north and south Iraq, by the town of Musayyib, about 56 miles (90 km) south of Baghdad. Unclear what caused the explosion or whether the pipeline itself was damaged.
    55. May 13 – rocket landed in a gas plant at the Daura oil refinery in Baghdad, injured a worker and caused a fire.
    56. May 24 – explosion badly damaged the Northern pipeline at around 7pm local time on a section between the Kirkuk oilfields and the Dibis pumping installations. A security official of Iraq’s Northern Oil Company, Juma Ahmad, said pumping had to be stopped to fight the fire. Another security official for Northern Oil, Issam Muhammad, said while the fire had been put out it would take 12 days to repair the damage.
    57. May 26 – explosion on Kirkuk-Ceyhan pipeline near Kirkuk.
    58. May 26 – explosion on southern pipeline through which oil flows to the Persian Gulf.
    59. June 6 – attack on Kirkuk-Ceyhan pipeline. Iraq’s Northern Oil Company (NOC) chief Ghazi Talabani said “Assailants detonated sound grenades on the pipeline Sunday at dawn (local time), 120 km (75 miles) east of Kirkuk, causing damage, and a loss of a huge quantity of oil.” He said “The oil loss has been stopped and a group of technical experts are repairing the pipeline and the damage could be repaired by Tuesday night. Restarting production depends on the decision of the coalition and the oil ministry.” NOC project manager Abdullah al-Rubai had earlier denied the attack.
    60. June 6 – explosion on oil pipeline that feeds the Basra terminal near Basra on the Faw Peninsula’s southern end. The blast slowed oil flow from 80,000 barrels per hour to 40,000.
    61. June 9 – blast on oil pipeline near Bayji 155 miles (250 km) north of Baghdad cut supplies to the Bayji electric power station and according to Iraq Oil Ministry spokesman Assem Jihad forced a reduction of 400 megawatts, amounting to a 10% output cut on the national power grid.
    62. June 9 – blast on Kirkuk-Ceyhan oil pipeline. Anwar Hamed Amin, chief of Iraqi Civil Defence Corps, said “A bomb placed 80 km (50 miles) west of Kirkuk exploded at 8:20am [local time] on the main pipeline to the Ceyhan terminal.”
    63. June 15 – Explosion in the morning on a pipeline through which oil flows from the Zubeir 1 pumping station to a depot in Faw, 40 miles southeast of Basra.
    64. June 15 – Another explosion, during the evening, on a southern pipeline. Together with the attack on the pipeline to Basra, the attack on this 48-inch pipeline through which oil flows to Khor al-Amaya port cut oil exports from the south by over half according to the Iraqi Southern Oil Company.
    65. June 15 – “An oil pipeline connecting the fields in Kirkuk and a processing station in Bajwan, 20 km (12 miles) north of the city, was sabotaged and a fire broke out,” said Adel Kazaz, a North Oil Company director. The pipeline supplied oil to domestic refineries.
    66. June 16 – 42-inch Pipeline to Basra terminal, the key terminal from which most of Iraq’s 1.6 million bpd of Basra Light were exported, attacked again. Iraqi Southern Oil Company’s spokesman said: “Due to the damage inflicted on the two pipelines, the pumping of oil to the Basra oil terminal has completely stopped,” adding that southern exports have “come to halt.” A Iraqi oil official reported “There are no exports from Basra oil terminal or Khor al-Amaya and it is unclear when they will restart,” adding, “Both pipelines feeding the terminals have been destroyed.”
    67. June 16 – Chief of security for Iraq’s Northern Oil Company, Ghazi Talabani, 70, was shot and killed in Kirkuk as he was being driven to work. His driver was badly wounded. The assassins escaped.
    68. June 21 – blast on pipeline transporting crude oil from the northern town of Bayji to Daura refinery at point near al-Mashahidah, 20 miles (32 km) north of Baghdad. The explosion interrupted supplies to the refinery, that provides the domestic Iraqi market with gasoline, kerosene and liquefied petroleum gas.
    69. June 26 – explosion near Latifiyah, about 30 miles (48 km) south of Baghdad, on small pipeline that feeds crude oil to storage tanks in Latifiyah.
    70. June 29 – another blast on pipeline near Latifiyah.
    71. July 3 – Fire in Al-Maqalai, southeast of the Az-Zubayr oil fields, on one of the two pipelines that feed the southern terminals resulted in a drop by half of Iraqi oil exports to 960,000 barrels per day. Exports in the South fell from 84,000 barrels per hour to 40,000. While one Iraqi oil official said, “Fire is raging in the 42-inch pipeline on the Faw Peninsula. It was sabotage,” an official from the Southern Iraqi Oil Company said “News that one of the key oil export pipeline in the Faw peninsula was attacked by saboteurs are baseless.”
    72. July 3 – bomb blast during changing of the guard at an oil storage facility south of Baghdad in Al Latifiyah killed six Iraqi National Guard soldiers and wounded five more.
    73. July 4 – attack on pipeline that carries oil from the northern oil fields to the south at point near Musayyib, about 50 miles (80 km) southwest of Baghdad.
    74. July 6 – blast on gas pipeline that feeds multiple power plants in the center and north of Iraq and a gas canister factory in Taji, north of Baghdad, that provides gas for many homes. Head of the Northern Gas Company, Huner Hassan, said “A device exploded along the pipeline about 90 km (56 miles) south of Kirkuk, sparking a fire.” He noted “This is going to affect electricity production for the country and the production of gas for domestic use.”
    75. July 10 – explosion at approximately 6:30am local time about 55 miles (88 km) west of Kirkuk in the Safra area on a gas pipeline that runs from the gas fields in Kirkuk to a power station in Bayji sparked a fire on, according to the Northern Gas Co. head of security, Ahmed al-Hassan, less than a meter of the pipeline.
    76. July 14 – Northern Oil Company police officer was shot to death while manning a checkpoint near a pipeline in Riyad, approximately 80 km southwest of Kirkuk.
    77. July 15 – explosion on pipeline running from the northern oil fields to the Beiji refinery.
    78. July 15 – holes were drilled on a major southern pipeline that runs to offshore export terminals. The damage occured in the al-Askari district, 20 km south-west of Basra, according to head of the Iraqi Border Police, Staff Brigadier General Ali al-Mousawi. It appears this may be the work of looters.
    79. July 15 – explosion near Fatha, some 55 miles (90 km) west Kirkuk, at about 8:40 a.m. (0440 GMT) on oil pipeline that runs from the major oil fields in Kirkuk and the Turkish port Ceyhan. The resulting fire has been extinguished and repairs on the pipeline are expected to begin July 17.
    80. July 16 – attempted mortar attack on northern oil pipeline that runs from Kirkuk to Ceyhan failed. According to a security official at the Northern Oil Company, Ahmad Hassan Afif, “A mortar round was thrown at about 8:10 am (0410 GMT) on the pipeline near to Riad, 35 kilometres west of Kirkuk, causing a fire in a pool of oil created by leaks, but failing to cause any other damage.”
    81. July 17 – attempt to blow up natural gas pipeline failed as saboteur’s bomb exploded prematurely, killing him but not damaging the pipeline.
    82. July 19 – explosion on oil pipeline that runs through al-Debis region northwest of Kirkuk, supplying oil for domestic use in refineries and power plants.
    83-84. July 23 – two blasts on 125 mile (200 km) long oil pipeline that runs from al-Daura refinery in Baghdad to Beiji, at point about 12 miles (20 km) south of Samarra.
    85. July 24 – explosion southwest of the town of Samarra, 60 miles (100 km) north of Baghdad, sparked a fire on pipeline that carries oil from Beiji refinery to Baghdad.
    86. July 24 – blast in the vicinity of Tharthar Lake, 100 miles (160 km) southeast of Kirkuk, on oil pipeline that runs from the oil fields around Kirkuk to Al-Dura power station, south of Baghdad.
    87. July 28 – premature explodulation killed two saboteurs who tried to place a bomb on an oil pipeline near Kirkuk. The pipeline was not damaged.
    88. August 3 – explosion about 75 miles (120 km) west of Kirkuk at Al-Fateha on critical pipeline juncture caused a huge fire and road closure between the Beiji refineries and Kirkuk and halted exports through the northern pipeline to Ceyhan.
    89. August 5 – bomb on oil pipeline in Kirk

    This entire list available iraqpipelinewatch we stopped counting in 2008

  21. Davy on Sun, 15th Sep 2019 4:41 pm 

    OK bobby. Looks like I lost another ‘debate’ again.

    How come I’m always such a looser?

  22. Fucknut juanPaultard on Sun, 15th Sep 2019 5:15 pm 

    ID theft

    Davy said OK bobby. Looks like I lost another ‘debate’ again…

  23. Davy on Sun, 15th Sep 2019 5:17 pm 

    “(BTW) Davy said all this about me years ago when I predicted Russia and China would one day own Venezuela. OTOH, he may still believe I’m wrong.”

    bobby, Russia and China own a hair cut but you are too emotionally attached to your extreme anti-Americanism to see this.

  24. Davy on Sun, 15th Sep 2019 5:19 pm 

    BTW, Bobby, why the hundred line comment of unrelated events? Are you maybe upset?

  25. Davy on Sun, 15th Sep 2019 5:23 pm 

    Oops, sorry everyone I was rong again. bobby has no claim on the largest oil reserves left on the planet. Only Russia and China do.

  26. Davy on Sun, 15th Sep 2019 5:23 pm 

    Oil may hit the roof in the next week but I seriously doubt it will maintain strength longer term with the global economy so weak and set to get weaker with this mini oil shock. The speculators will make sure there is good volatility because that is how they make money. Then there will be people like bobby who exaggerate the situation into an apocalypse now but before you know it all this shit will settle. KSA does have many redundant systems they can draw on to lessen the disruptions. Crude can be sent to other countries to be refined. Facilities were hit not wells and pipelines.

  27. Fucknut juanPaultard on Sun, 15th Sep 2019 5:24 pm 

    ID theft

    Davy on Sun, 15th Sep 2019 5:23 pm

    Oops, sorry everyone I was rong again. bobby has no claim on the largest oil reserves left on the planet. Only Russia and China do.

  28. Dumbass Davy Sock Puppet on Sun, 15th Sep 2019 5:27 pm 

    Fucknut juanPaultard

  29. Davy on Sun, 15th Sep 2019 5:29 pm 

    BTW. That’s my opinion. Don’t forget y’all, opinions are like assholes. Everybody has them.

  30. Fucknut juanPaultard on Sun, 15th Sep 2019 5:32 pm 

    ID theft

    Davy said BTW. That’s my opinion. Don’t forget y’all, opinio…
    Dumbass Davy Sock Puppet said Fucknut juanPaultard

  31. Richard Guenette on Sun, 15th Sep 2019 5:33 pm 

    Who is JuanPaultard. He must be a real fucknut

  32. Davy on Sun, 15th Sep 2019 5:36 pm 

    I am spending less time on this lame unmoderated forum to concentrate on my own blog. I do want to thank all those who have attacked me with giving me material for growth. I have saved the best of my comments for my new blog. If only I new how to make one. cloggo?

  33. More Davy Sock Puppeering and ID Fraud on Sun, 15th Sep 2019 5:37 pm 

    Fucknut juanPaultard on Sun, 15th Sep 2019 5:32 pm

    Richard Guenette on Sun, 15th Sep 2019 5:33 pm

  34. Fucknut juanPaultard on Sun, 15th Sep 2019 5:38 pm 

    ID theft

    Davy said I am spending less time on this lame unmoderated f…

  35. Davy Sock on Sun, 15th Sep 2019 5:40 pm 

    Fucknut juanPaultard on Sun, 15th Sep 2019 5:38 pm

  36. Fucknut juanPaultard on Sun, 15th Sep 2019 5:40 pm 

    Davy Sock said Fucknut juanPaultard on Sun, 15th Sep 2019 5:38 pm

  37. Mods, please blackball the lunatic on Sun, 15th Sep 2019 5:42 pm 

    “https://browserspy.dk/webserver.php
    and fill in peakoil.com, you get that the server is hosted by Cloudflare:
    https://en.wikipedia.org/wiki/Cloudflare
    Cloudflare is one of the last bastions of free speech, under lefties also known as “hate speech”. It is very sad that the admin of this site doesn’t seem to want to take the trouble to log in to his server dashboard and active a few presets, enforcing posters to post under a unique username/password combination. That doesn’t eliminate garbage under fake identities, but at least it stops identity theft and that would make a hell of a difference. If possible, you could also enforce that one IP-address can only post under a single identity. Please admin, invest an hour of your time to get this right.”

  38. Another Davy Sock Puppet on Sun, 15th Sep 2019 5:43 pm 

    Mods, please blackball the lunatic on Sun, 15th Sep 2019 5:42 pm

    Your IP is logged.

  39. Pat on Sun, 15th Sep 2019 5:45 pm 

    The world easy conventional oil is in post peak decades ago, what world burning is highly expensive, mining, black glue which is not oil. With dying giant oil fields see global shortages 2020. With depletion, dying giant oil fields the power of oil to power the global engine is diminishing, ending, bau no more.

  40. tommytommywantshismommy on Sun, 15th Sep 2019 5:52 pm 

    Going to be a strong Christmas shopping season with grandma using more of her SS check to fuel up the POntiac Vibe to take her white hair to the beauty salon to get the cobwebs combed out. Trump will go for the SPR…he’ll drain it. He doesnt’ care. Let it roll. Too the moon!

  41. JuanP on Sun, 15th Sep 2019 5:58 pm 

    This is good news for the Russians and Iranians. The Russians, in particular, have been really lucky so far this century. It’s not as big a deal as you are making it to be, though, guys.

  42. Fucknut juanPaultard on Sun, 15th Sep 2019 5:58 pm 

    tommytommywantshismommy said Going to be a strong Christmas shopping season wit…
    Davy said Nineteen out of the last twenty comments on this l…
    Pat said The world easy conventional oil is in post peak de…
    More Davy Sock Puppetry said Fucknut juanPaultard on Sun, 15th Sep 2019 5:42 pm
    Another Davy Sock Puppet said Mods, please blackball the lunatic on Sun, 15th Se…

  43. Robert Inget on Sun, 15th Sep 2019 5:58 pm 

    Crude just opened. Up $5.73 to 60.59.
    Shorts must be frantic.
    If crude can be kept below $65. a minimum of harm will be done to world economies.
    If your interested in watching all the action;
    https://www.barchart.com/futures

    Some guys are actually taking profits.
    WTI still within a $60/$61 trading range.

    Check out Brent HERE;
    http://www.livecharts.co.uk/MarketCharts/brent.php

  44. Davy ID theft on Sun, 15th Sep 2019 5:59 pm 

    JuanP on Sun, 15th Sep 2019 5:58 pm

  45. Davy Sock Puppetry on Sun, 15th Sep 2019 6:02 pm 

    Fucknut juanPaultard on Sun, 15th Sep 2019 5:58 pm

  46. makati1 on Sun, 15th Sep 2019 6:04 pm 

    I guess we will have to wait and see how much the drop in supply (KSA) affects the oily future. More oily destruction to come?

    $100+ oil by Christmas? A great present for those who are waiting for the US to go down. Bring it on!

  47. Plantagenet on Sun, 15th Sep 2019 6:06 pm 

    Wash your potty mouth Davy.

  48. Fucknut juanPaultard on Sun, 15th Sep 2019 6:07 pm 

    Plantagenet on Sun, 15th Sep 2019 6:06 pm

  49. Outcast_Searcher on Sun, 15th Sep 2019 6:09 pm 

    Robert Inget: That’s what the pricing mechanism is for, and the way it works in competitive economic markets to balance supply and demand SAME AS IT EVER WAS.

    If the production can’t be replaced and the demand is really there, then the price of oil based products will rise to the point that supply can meet demand.

    End of story. The rest is the usual fast crash permadoomer rhetoric, or the uninformed fast crash economic rhetoric. And given the track records of those camps, they’re not worth listening to, re the real world.

    Oh, and it’s great for consumers to have choices. If high gasoline prices were to last, it would greatly spur the demand of, say, HEV’s. MUCH better to get nearly 50 MPG in the city in your midsized sedan, for example, than only 20+ mpg, in real world stop and go city driving.

    And with cars like the new Camry and Accord HEV’s (both Toyota HEV technology), all you’re giving up is the roughly $3500 premium for the hybrid technology. The cars have no real driving / storage / comfort drawbacks compared to regular ICE’s in the current generation, unlike previous generations with ponderous performance, losing half your trunk to the HEV battery, etc.

    If gasoline prices become $4+ over time, it’s a no brainer. The BEV’s can take over once the economics make sense — no big hurry on that.

  50. Davy Sock Puppet on Sun, 15th Sep 2019 6:09 pm 

    Fucknut juanPaultard on Sun, 15th Sep 2019 6:07 pm

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