By John Lee. Genel Energy has issued a presentation relating to its half-year results to the end of June. Click here to download. (Source: Genel Energy)
Genel Energy presentation on Results to the end-June
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
Tags: Bina Bawi, Ceyhan, featured, Genel Energy, Iraq Oil Exports News, Iraq Oil Production News, Iraq-Turkey Pipeline (ITP), Kirkuk Ceyhan pipeline, Miran, Sarta, Tawke, Turkey, Turkiye
Pipeline Closure causes steep Revenue Fall at Genel Energy
By John Lee. Revenues at Genel Energy have, as expected, fallen sharply as a result of the closure of the Iraq-Turkey Pipeline (ITP) which brings oil from Northern Iraq to Turkiye's port of Ceyhan. In its unaudited results for the period ended 30 June 2023, Paul Weir, Chief Executive of Genel, said: "The closure of […]
Tags: Bina Bawi, Ceyhan, featured, Genel Energy, Iraq Oil Exports News, Iraq Oil Production News, Iraq-Turkey Pipeline (ITP), Kirkuk Ceyhan pipeline, Miran, Sarta, Tawke, Turkey, Turkiye
Iraq achieves Highest Oil Exports since October 2022
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for July: Total exports of crude oil: 106,755,169 barrels Revenues from crude oil exports: $8.293 billion Oil fields in central and southern Iraq accounted for 105,487,610 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. Oil […]
Kurdistan IOCs push for Reopening of Oil Pipeline
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has said that spending on the oil industry in Iraqi Kurdistan has been cut by $400 million as a result of the closure of the Iraq-Turkey pipeline (ITP). Full statement from APIKUR: The Association of the Petroleum Industry of Kurdistan (APIKUR) notes that […]
Tags: Association of the Petroleum Industry of Kurdistan (APIKUR), Ceyhan, DNO, featured, Genel Energy, GKP, Gulf Keystone Petroleum (GKP)#, HKN Energy, Iraq Oil Exports News, Iraq-Turkey Pipeline (ITP), Kirkuk Ceyhan pipeline, Kurdistan News, mn, oil contracts, ShaMaran Petroleum, Turkey
The Significance of Iran-Iraq Energy Swaps
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: The significance of Iran-Iraq energy swaps Baghdad and Tehran earlier this month signed a deal to swap Iranian natural gas for Iraqi crude and fuel oil. If implemented, the July 17 accord […]
Iraq Finalises Oil Export Data for June
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for June: Total exports of crude oil: 100,059,052 barrels Revenues from crude oil exports: $7.179760 billion Oil fields in central and southern Iraq accounted for 98,725,620 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. Oil […]
Iraq Renews Deal to supply Lebanon with Oil
By John Lee. The governments of Iraq and Lebanon have signed a Memorandum of Understanding (MoU) wherein Iraq will supply Lebanon with quantities of fuel and crude oil. The agreement, in line with Cabinet Decision No. 23265 in 2023, aims to support Lebanon's electricity sector and strengthen cooperation between the two countries, serving their mutual […]
Iraq's Power Problem (2): Implications of Iran Oil-for-Gas Deal
By Bilal Wahab and Dennis Ross, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Power Problem (Part 2): Implications of the New Oil-for-Gas Deal with Iran Baghdad hopes to avoid power cuts, political turmoil, and […]
Tags: Electricity In Iraq, featured, gas imports, Iran, Iraq Oil Exports News, Washington Institute for Near East Policy
Deloitte report on KRI Oil & Gas: KRG issues Summary Data Only
By John Lee. Deloitte has recently published a report on the Kurdistan Region's oil production, sales, exports and revenues for the first quarter of 2023. Unlike previous press releases from KRG relating to the Deloitte reports, this latest press release does not include a link to the actual report, but instead consists of just the […]
Tags: Deloitte, featured, Iraq Oil Exports News, Iraq Oil Production News, KRG, Kurdistan News, transparency
Iraq, Iran Oil-Gas Swap to Continue to End-2023
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq, Iran oil-gas swap deal to continue until end of 2023 Iran has resumed the supply of natural gas to Iraq nearly two weeks after it had cut down its exports to the neighboring […]
Iraq approves Third Offshore Oil Pipeline for $416.9m
By John Lee. The Iraqi Cabinet has approved the recommendation of the Energy Ministerial Council for the construction of a third offshore oil export pipeline, sometimes referred to as "Sealine 3" or "SL-3". The 48-inch pipeline will have a capacity of 2 million barrels per day (bpd), and is planned to be completed in 400 […]
Tags: Boskalis, featured, Iraq Oil Exports News, Japan, Japanese International Cooperation Agency, JICA, mn, Netherlands, pipelines, Sealine 3
Iraq to Barter Crude Oil for Iranian Gas
By John Lee. In an effort to address the electricity crisis and overcome financing and sanctions-related challenges, Iraq and Iran signed an agreement on Tuesday in Baghdad, involving the exchange of Iranian-imported gas for Iraqi oil. Representing the Iraqi side, Mr. Ihsan Yaseen Al-Awadi, Chief of Staff to the Prime Minister, signed the agreement, while […]