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 final oil exports for May of 101.1 million barrels, giving an average for the month of 3.261 million barrels per day (bpd), slightly more than the 3.253 bpd exported in April. Exports from the southern terminals totalled 100.4 million barrels, with 700,000 barrels exported from Kirkuk. Revenues for […]
By John Lee. A Canadian court has reportedly ordered the seizure of a cargo of crude oil from the Kurdistan Region of Iraq (KRI). The Iraqi Oil Ministry requested the seizure of the 721,915-barrel cargo on the "Neverland" oil tanker claiming that it has been unlawfully misappropriated by the Kurdistan Regional Government (KRG). The move […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for June of 98,178,370 barrels, giving an average for the month of 3.273 million barrels per day (bpd), slightly more than the 3.261 bpd exported in May. Exports from the southern terminals totalled 97,500,000 barrels, with 677,413 barrels exported from Kirkuk. Revenues for the month […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for May of 101,134,586 barrels, giving an average for the month of 3.262 million barrels per day (bpd), slightly more than the 3.252 bpd exported in April. Exports from the southern terminals totalled 100,445,000 barrels, with 679,580 barrels exported from Kirkuk. Revenues for the month were […]
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for April of 97.6 million barrels, giving an average for the month of 3.253 million barrels per day (bpd), slightly less than the 3.259 bpd exported in March. Exports from the southern terminals totalled 96.9 million barrels, with 700,000 barrels exported from Kirkuk. Revenues for the […]
By John Lee. Egypt has reportedly received two million barrels of oil from Iraq today. The shipment was the first consignment from a deal reached between the countries in April, under which Iraq will supply 12 million barrels of oil annually to Egypt. (Source: Prensa Latina) (Pictured: Egyptian Petroleum Minister, Tareq al-Mulla)
By John Lee. Iraq is planning to export 3.215 million barrels per day of Basra crude in June, according to a report from Reuters. Sources told the news agency that the total is slightly lower than last month's due to a reduction in supplies of the Basra Heavy grade. The exports consist of 2.448 million […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for April of 97,574,813 barrels, giving an average for the month of 3.252 million barrels per day (bpd), slightly less than the 3.259 bpd exported in March. Exports from the southern terminals totalled 96,900,433 barrels, with 674,380 barrels exported from Kirkuk. Revenues for the month were $4,612,815,000, […]
By John Lee. Basra oil terminal, which was damaged by a tanker collision last month, is reported to have been successfully repaired on Sunday. Officials at the South Oil Company (SOC) told Reuters that a one-million-barrel tanker was loading light crude at the terminal on Monday. Total crude oil exports had not been affected by […]
The Egyptian Petroleum Minister, Tareq al-Mulla (pictured) has stated that the Egyptian cabinet, during its meeting on 10 April under Prime Minister Sherif Ismail, approved buying oil from Iraq and clinching a deal to import about million barrels monthly, with a total of 12 million barrels annually. Mulla added that the first oil shipment is […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for March of 101,031,675 barrels, giving an average for the month of 3.259 million barrels per day (bpd), slightly less than the 3.271 bpd exported in February. Exports from the southern terminals totalled 99,504,916 barrels, with 1,526,759 barrels exported from Kirkuk. Revenues for the […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) and Russia's Lukoil have formed a joint venture to market crude oil. In a statement, the Iraqi Oil Ministry said Litasco -- Lukoil‘s international marketing and trading arm -- would help sell Iraqi crude and train Iraqi staff in marketing. (Source: Ministry of Oil)
