* Southern exports in Oct fall 110,000 bpd
* Northern exports fall 100,000 bpd - shipping data
* Iraq plans to boost southern exports to offset northern
By Alex Lawler
LONDON, Oct 23 (Reuters) - Oil exports from southern Iraq
have fallen by 110,000 barrels per day this month, according to
shipping data and an industry source, adding to the drop in
flows from OPEC's second-largest producer caused by a shortfall
from the northern Kirkuk fields.
Southern Iraqi exports in the first 22 days of October
averaged about 3.13 million barrels per day (bpd), down 110,000
bpd from September, according to shipping data tracked by
Reuters and independent tracking by an industry source.
Output from Kirkuk fell last week when Iraqi forces retook
control of oilfields from Kurdish fighters who had been there
Northern exports have averaged about 460,000 bpd so far in
October, according to shipping data and the industry source,
down from an estimated 560,000 bpd in September.
The drop in northern Iraqi shipments has supported global
oil prices. But southern exports, the outlet for most of
the country's crude, have been stable in recent months, making
the decline unexpected.
"I am very surprised," the industry source said, adding the
reason was likely to be technical or weather-related.
A shipping agent said loading delays at one of Iraq's single
point moorings, where crude tankers are loaded, had contributed
to the lower export rate.
Iraq could still boost southern exports in the rest of
October and plans to do so. Iraqi Oil Minister Jabar al-Luaibi
said on Saturday southern exports were increasing by 200,000 bpd
to make up for the northern shortfall.
The drop in supplies from Iraq comes as the Organization of
the Petroleum Exporting Countries, Russia and other producers
are cutting output by about 1.8 million bpd until March 2018 in
an effort to get rid of a glut and support prices.
Iraq has adhered less to the supply deal with non-OPEC
producers than OPEC peers such as Saudi Arabia and Kuwait, but
the drop in its October shipments, if sustained, will help boost
Iraqi and overall compliance with the deal.
The bulk of Iraq's oil is exported via the southern
terminals. Smaller amounts are shipped from the Kirkuk fields in
northern Iraq via Ceyhan in Turkey.
(Editing by Dale Hudson)
© 2017 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.