MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

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MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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Iraq To Boost Majnoon Field Crude Oil Output By Year End

OIL

Iraq is planning to boost crude oil output capacity of the southern field of Majnoon by 160kbpd by the end of 2023, from currently 240kbpd, while the actual output of the field is capped at 50kbpd due to OPEC restrictions, Dhia Shakir Al-Luaibi, director of the field’s production committee, said.

  • The Basra Oil Company is planning to reach output of 600kbpd in the coming four years.
  • Iraq’s crude oil output in April fell by 290kbpd to 4.10mbpd, the lowest in 20 months, due to the shutdown of the key pipeline to the Turkish port of Ceyhan, according to the latest Platts survey.
  • Latest SOMO data estimated Iraq’s output at 3.94mbpd in April.
Energy BulletsCommodities
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