The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for August: Total exports of crude oil: 106,122,679 barrels Revenues from crude oil exports: $8.997 billion Oil fields in central and southern Iraq accounted for 105,236,963 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. Oil […]
By John Lee. The Kirkuk-Ceyhan oil pipeline, which is also the main route for oil exports from Iraqi Kurdistan, will reportedly soon be ready to resume operations. Various media sources quote the Turkish Energy Minister, Alparslan Bayraktar (pictured), as saying that earthquake-damage assessments are nearing completion. Shares in Gulf Keystone Petroleum (GKP) closed the day […]
By Ragip Soylu for Middle East Eye. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Turkey seeks $950m damages against Iraq over KRG oil dispute Turkish interest calculations suggest Baghdad has to pay $950m to Ankara in ICC award that initially ruled $1.4bn […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for August: Total exports of crude oil: 106,122,874 barrels Revenues from crude oil exports: $8.846 billion Oil fields in central and southern Iraq accounted for 105,236,963 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. Oil […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for July: Total exports of crude oil: 106,755,169 barrels Revenues from crude oil exports: $8.330475 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 […]
By John Lee. Share in Gulf Keystone Petroleum (GKP) were trading up nearly 7 percent this morning (Wednesday), follow a fall that saw the shares down 25 percent at one point yesterday. In an operational and corporate update, the company said it has, "commenced local sales in July and partially restarted Shaikan Field production, increasing […]
By John Lee. Iraq has reportedly increased its supply of crude oil to Jordan from 10,000 barrels per day (bpd) to 15,000 bpd. Jordan's state-run Petra News Agency cites the Ministry of Energy and Mineral Resources as saying that the increase took effect from the start of August. The oil will be supplied to the […]
By Muhammed Fansa for Enab Baladi. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sanctions and rehabilitation costs impede operation of the Kirkuk-Baniyas oil pipeline After the first visit of the Iraqi Prime Minister, Mohammed Shia al-Sudani, to Syria, and his meeting with the […]
By John Lee. An Iraqi government spokesman has said that Iraq is considering reviving plans to use an oil export pipeline through Syria. Following Prime Minister Muhammad Shia'a Al-Sudani's visit to the country last month, Basem Al-Awadi told the state-owned Iraqi News Agency (INA) that Iraq is ready to discuss with Syria the development of […]
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)
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 […]
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 […]
