The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
By John Lee. Iraq is reportedly ramping up efforts to expand capacity to pump and export oil. Ihsan Abdul Jabbar, the director-general of state-run Basra Oil Company, told Bloomberg that Iraq is seeking bids from six companies for a $4-billion project to inject seawater into its southern oil fields, and the country has already received […]
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 Islamic State (IS) appears to be staging a comeback in parts of Iraq, which could endanger the country's oil deal with Iran. Hamid Hosseini, the Iranian secretary-general […]
By John Lee. Platts reports that Iraq plans to launch a new Basrah Medium crude oil grade "whenever logistics allow," to provide "more stability" in existing grades. It quotes Ali Nazar al-Shatari, the Deputy Director General of the State Oil Marketing Organization (SOMO) as saying the new grade will have an API gravity of 29-30 degrees, […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for February of 95,940,404 barrels, giving an average for the month of 3.426 million barrels per day (bpd), a slight decrease from the 3.490 bpd exported in January. The exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. […]
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for January of 108,190,068 barrels, giving an average for the month of 3.490 million barrels per day (bpd), a slight decrease from the 3.535 bpd exported in December. The exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. […]
By John Lee. A plan to export Iraqi crude oil by truck to Iran has reportedly been postponed due to security concerns. Under the oil-swap agreement, Iraq was to export 60,000 bpd of crude oil by truck from Kirkuk to Iran’s Kermanshah refinery (pictured), and ship back refined Iranian oil for southern Iraq. Hamid Hosseini, […]
By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] is to visit Turkey this week to discuss expanding cooperation in the oil and energy sector. Among the topics for discussion will be the possible restarting of oil exports via the Turkish port of Ceyhan (pictured), and the export the Iraqi oil “by SOMO company […]
Kirkuk Governorate Council has reportedly filed a complaint at the Iraqi Supreme Court against the federal government for taking unilateral steps on the governorate's oil. A press report on February 19 cited three moves that it said Baghdad has taken without consultation with local government: An agreement with British Petroleum (BP) to develop Kirkuk oil […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for January of 108,190,068 barrels, giving an average for the month of 3.490 million barrels per day (bpd), a slight decrease from the 3.535 bpd exported in December. The exports were entirely from the southern terminals, with no exports from Kirkuk via Ceyhan. Revenues […]
By John Lee. Jordan has reportedly approved an agreement with Iraq to build a twin gas and oil pipeline between the two countries. The 1,680-km double pipeline will pump one million barrels of oil a day, and 258 million cubic feet of gas, from Basra to Aqaba. About 150,000 barrels of the oil from Iraq […]
By John Lee. The Ministry of Oil announced the renewal of the agreement to supply Egypt with 12 million barrels of crude oil for one year. Ministry spokesman Assim Jihad said that the agreement will be renewed with the same conditions, starting from January 2018. (Source: Ministry of Oil)
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for December of 109,573,817 barrels, giving an average for the month of 3.535 million barrels per day (bpd), an increase from the 3.502 bpd exported in November. The exports were entirely from the southern terminals, with no exports from Kirkuk via Ceyhan. Revenues for the […]
