Tag Archives | Al-Basra Oil Terminal

Basra Oil Jetty Resumes Operations

By John Lee. Basra oil terminal, which was damaged by a tanker collision last month, is reported to have been successfully repaired on Sunday. Officials at the South Oil Company (SOC) told Reuters that a one-million-barrel tanker was loading light crude at the terminal on Monday. Total crude oil exports had not been affected by […]

Oil Export Resumes at Basra Oil Terminal

By John Lee. Reuters reports that loading of crude oil has resumed at al-Basra Oil Terminal (ABOT). Operations were stopped for 24-hours to install a new pipeline feeding the facility, the started again at midnight on Wednesday. (Source: Reuters)    

Basra Oil Terminal stops Loading for 24 hrs

By John Lee. Oil exports from Iraq’s main gulf terminal have reportedly stopped from midnight on Tuesday for 24 hours to allow the installation of a new pipeline. Two sources at the South Oil Company (SOC) told Reuters that loading at the three single-point moorings (SPMs) connected with the Basra terminal will not be affected. […]

Iraq’s Oil Income Surges

By John Lee. Iraq’s oil income is set to jump in April, boosted by the continued discount on Basra Light as of February last year, and increased shipments to Asia. February saw a record 3.6 million bpd in exports, setting a 3 decade record for Iraq. According to Bloomberg, who interviewed analyst Alexander Poegl of JBC Energy […]

Iraq Becomes China’s Number Two Crude Exporter

By John Lee. Intensive competition to supply China’s oil demand has combined with slowing demand for oil globally, and this is putting downward pressure on oil prices in 2014, Reuters reports. Iraq and Russia have positioned themselves to be long term suppliers of the Asian giant, squeezing out African and Latin American producers trying to improve […]

Oil Exports from Basra Resume After Bad Weather

By John Lee. Oil exports from Iraq’s southern Basra terminals were restored to 2.35 million barrels on Saturday bad weather on Friday, according to a report from The National. Output was said to have fallen to just 1.32 million barrels on Friday. Exports from Basra’s offshore terminals, Iraq’s main oil hub, tend to fluctuate because […]

Dunia Weekly Iraq Market Tracker

Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]

Dunia Weekly Iraq Market Tracker

Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]

Saipem Wins Contract for Basra Oil Export Expansion Project

Iraq’s South Oil Company has awarded Italy’s Saipem the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal (ABOT), off the Al Faw Peninsula in the Arabian Gulf, approximately 550 kilometres south-east of Baghdad. The contract encompasses the engineering, procurement, […]

ABOT to use Cameron’s JISKOOT Measurement Systems

Six of Cameron’s JISKOOT CoJetix sampling systems have been ordered for installation at the new Iraqi Al-Basra Oil Terminal (ABOT). The terminal, currently under construction in the Persian Gulf, will enable Iraq’s oil export capacity to be boosted by 2.7 million barrels per day. Due to the importance of this measurement location to Iraq, the […]