The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Iran’s Ministry of Roads and Urban Development warned companies against shipment of oil products to and from the Iraqi Kurdistan “until further notice”. The decision is in line with Tehran’s series of measures in response to a referendum held in the semi-autonomous region on possible secession from Iraq which has drawn international criticism. “Given the […]
Iraqi Prime Minister Haider al-Abadi has hinted that his government wants to take control of revenue generated from Kurdish oil exports. The measure is the latest of a set of actions taken by Baghdad against the Kurdistan Region for carrying out last week's referendum that saw a 92-percent vote for independence, the first of which […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for September of 97,204,267 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. The exports were entirely from the southern terminals, with no exports from Kirkuk via Ceyhan. Revenues for […]
Russian oil company Rosneft has completed its due diligence on infrastructure of the export oil pipeline in Iraqi Kurdistan (‘KROP”) and will shortly finalise the legally binding documents on oil pipeline project under the Investment Agreement signed at St. Petersburg International Economic Forum in June 2017. The Kurdistan Regional Government of Iraq and the Company […]
