Search results for "basra"

Iraq Oil port (SOMO)

Basra Crude Oil Exports to Rise

By John Lee. Platts reports that Iraq will export 3.257 million bpd of Basra crude oil in September, up 13 percent from August. According to a provisional loading schedule seen by Platts, this will consist of 2.324 million bpd of Basra Light and 933,333 bpd of Basra Heavy grade. This compares to 2.078 million bpd […]

Continue Reading 0
karadeniz electicity (power) ship

Turkish Power Ships Resume work in Basra

By John Lee. Power supply ships have reportedly returned to work in Basra following threats from the governor to expel them. The ships, reportedly owned by the Turkish-based Karadeniz Holding, had stopped production for several hours due to unpaid debts of $85 million owed to them by the Ministry of Electricity. The Turkish company supplies […]

Continue Reading
alddaakeer (Basra)

Basra Businesses Unite for New Ventures, New Bank

By John Lee. The Basra branch of the Iraqi Businessmen’s Association has announced the founding of the largest joint-stock company in the province. The new firm will involve hundreds of businesses in a variety of ventures, including construction, tourism, and setting up its own bank. Sabih Habib al-Hashemi, the head of the Association, said that […]

Continue Reading

Increased Basra Crude Exports in June

By John Lee. Iraq plans to increase its exports of crude oil from its southern region to 3.47 million bpd in June, according to a report from Reuters. If achieved, this would beating the previous record volume set in November. The increase is planned to come mainly from the Basra Heavy grade, at 900,000 bpd, […]

Continue Reading
Basra Oil Terminal (ABOT) 650x416

Iraq to Load Less Basra Crude in March

By John Lee. Iraq expects to load less Basra crude in March than in February, according to a report from Reuters. A preliminary loading programme for March shows exports of 3.38 million bpd from the southern terminals, down 6.9 percent from the 3.63 million bpd planned for February. February exports, if achieved, could exceed the […]

Continue Reading
Basra Oil Terminal (ABOT) 650x416

Basra Crude Exports to Rise in January

By John Lee. Iraq plans to export about 3.4 million bpd of crude oil from its southern oil terminals in January, according to a report from Reuters. This represents an increase of 17.2 percent on December’s estimate, and is driven by the Basra Light grade, which is planned to increase 23 percent to 2.61 million […]

Continue Reading