Tag Archives | Iraq Oil Exports News

The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News

Petrofac wins $160m Iraq Contract

Petrofac’s Engineering & Production Services (EPS) division has secured an award worth US$160 million from Basra Oil Company (BOC), previously known as South Oil Company (SOC), for its Iraq Crude Oil Export Expansion Project (ICOEEP). The new two-year extension reflects Petrofac’s continued delivery focus and five-year track record as the incumbent operations and maintenance service […]

Oil Exports Rise Again in November

By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for November of 105,050,804 barrels, giving an average for the month of 3.502 million barrels per day (bpd), considerably up on the 3.348 bpd exported in October. The exports were entirely from the southern terminals, with no exports from Kirkuk via Ceyhan. Revenues for […]

New Pipeline to Export Kirkuk Oil via Ceyhan

By John Lee. Iraq’s Oil Ministry has announced that it will build a new pipeline from Baiji to Fishkabur, enabling Kirkuk oil to be exported again from Turkey’s Ceyhan port (pictured). Kirkuk’s oil was previously being exported via the Kurdistan Regional Government’s (KRG) pipeline to Ceyhan, but this has been on hold since Baghdad took […]

AISSOT first Crude Oil Shipment from Iraq

Following from the recent launch of its new Iraq-based bunkering operation, Al Iraqia Shipping Services and Oil Trading (AISSOT) has announced its first shipment of crude oil from Iraq. The company said it shipped its first 2 million bbl of crude oil on their very large crude carrier MT Basra (pictured) on November 18, “successfully […]

Iraq’s Southern Oil Exports “Close to Record High”

By John Lee. Reuters reports that oil exports from southern Iraq have risen to close to a record high. It cites industry sources as saying that exports in the first 20 days of November averaged about 3.50 million bpd, up 150,000 bpd from October’s average. The current monthly record of 3.51 million bpd was achieved […]

Plans to increase Kirkuk Oil Output to 1m bpd

By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has said that Iraq plans to increase oil production at the Kirkuk oilfields to one million barrels per day. According to Reuters, exports from Kirkuk have been on hold since Iraqi forces took back control of them from the Kurds last month. At least […]

Baghdad “Looks to Take Control of KRG Oil”

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  The Iraqi State Organization for Marketing Oil (SOMO) announced Nov. 2 that it is arranging with Turkey to allow SOMO to sell Iraqi crude from the disputed territories […]

Baghdad may Export Kirkuk Oil to Iran

By John Lee. Iraq’s State Oil Marketing Organization (SOMO) has reportedly confirmed that talks are ongoing between Baghdad and Tehran to export crude oil from Kirkuk to the Kermanshah refinery (pictured) in Iran. SOMO Director Alaa al-Mussawi is quoted as saying that trucks would initially supply 15,000 barrels of crude oil per day (bpd) to […]

Oil Exports Rise in October

By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for October of 103,730,680 barrels, giving an average for the month of 3.348 million barrels per day (bpd), considerably up on the 3.240 bpd exported in September. The exports were entirely from the southern terminals, with no exports from Kirkuk via Ceyhan. Revenues for […]

Iraq Increases Oil Export Capacity

By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has said that oil export capacity at Iraq’s southern ports has increased to 4.6 million barrels per day (bpd), following the completion of its fifth single floating terminal. The new terminal has a capacity of 900,000 bpd. The Minister said Iraq will continue to […]

Oil Ministry Declares its Final Exports for September

By John Lee. Iraq’s Ministry of Oil has announced final oil exports for September of 97.2 million barrels, giving an average for the month of 3.240 million barrels per day (bpd), slightly more than the 3.216 bpd exported in August. These exports were shipped by 38 multinational companies from the ports of Basra, Khor Al- Omaia […]

How Turkey’s Nuclear Plant could curb KRG Ambitions

By Dr. Olgu Okumuş for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On Sept. 28, when Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan jointly stated their support for the sovereignty and territorial integrity of Iraq, they also made a point of stressing their […]