The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
By John Lee. A source, citing unofficial contact with Turkish energy officials, has told Reuters that that a resumption of crude oil exports from Northern Iraq via the Turkish port of Ceyhan (pictured) is expected to take weeks rather than days. Turkish pipeline operator BOTAS has reportedly said that it needs more time to check […]
By John Lee. Iraq's Council of Ministers has announced its commitment to assist Lebanon by meeting its oil derivative requirements. Additionally, they will provide support in operating the country's electricity production plants and extend the existing supply agreement for an additional third year. The State Oil Marketing Organization (SOMO) will ensure full supply as per […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq asks Turkey to resume oil exports as firms in Kurdistan region scale back Turkey has still yet to restart oil flows from northern Iraq following a controversial court […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, confirmed on Thursday night that the State Oil Marketing Organization (SOMO) told the Turkish company BOTAS to resume export and loading operations at the Turkish port of Ceyhan (pictured), starting on Saturday, 13th May. He added that contracts have been finalized with international companies for the […]
The Kurdistan Regional Government (KRG) has reached an agreement with the Iraqi federal government on measures to allow the resumption of oil exports through Turkey. The Kurdistan Region's Ministry of Natural Resources announced in a statement that on 10 May Iraq's State Oil Marketing Organization (SOMO) officially requested Turkish authorities to allow the Kurdistan Region's […]
By John Lee. DNO, which operates the Tawke licence in Iraqi Kurdistan, has said on Thursday that, given the uncertain timing of oil export resumption from Iraqi Kurdistan and, importantly, of payments by the Kurdistan Regional Government (KRG) for previous oil sales, it has scaled back spend in Kurdistan, including drilling. In its statement of […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has announced the restart of production, loading, and export operations from the Qayyarah oil field in Nineveh Governorate. The field has a capacity of 33,000 barrels per day (bpd). Tankers and rail will be used for transportation. Around 30,000 bpd will be exported to the ports […]
By Julianne Geiger for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq And Kurdistan Close To Deal On Oil Exports Baghdad and Erbil are set to reach an agreement over crude oil exports from Iraq's semi-autonomous Kurdistan region within the next […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, received Jordan's Minister of Energy and Mineral Resources, Saleh Ali Hamid Al-Kharabsheh, and his accompanying delegation on Thursday. During the meeting, they agreed to renew the contract for Iraq to export 10,000 barrels per day (bpd) of crude oil to Jordan, starting this month. Iraq's oil […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for April: Total exports of crude oil in April: 98,634,947 barrels Revenues from April's crude oil exports: $7.796 billion Oil fields in central and southern Iraq accounted for all of April's crude oil exports, as exports from Kirkuk through the port of Ceyhan […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were trading down more than seven percent on Thursday morning, after it issued an update on operational and corporate activity and 2023 guidance following the shut-in of the Iraq-Turkey pipeline on 25 March 2023. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "Gulf Keystone was on […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for March: Total exports: 100,913,027 barrels Revenues: $7.506 billion Average daily exports: 3.255 million barrels Average price per barrel: $74.385 Exports from central and southern Iraq: 98,875,692 barrels Exports from Kirkuk through the port of Ceyhan: 1,727,494 barrels While not explicitly stated by […]
