The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
By John Lee. Iraq plans to supply an additional 5 million barrels of crude oil to its partners in June, according to industry sources cited by Reuters. The country joins other Middle East producers in attempting to increase market share ahead of an OPEC meeting in Vienna later this week. Iraq had already been targeting […]
By John Lee. The Iraqi Ministry of Oil has declared oil exports of 100.9 million barrels for April, which brought in revenues of 3.386 billion dollars, according to the final statistics of the State Oil Marketing Organization (SOMO). This equates to an average selling price of $33.38 per barrel, and an export rate of 3.363 million […]
By John Lee. Iraq plans to increase its exports of crude oil from its southern region to 3.47 million bpd in June, according to a report from Reuters. If achieved, this would beating the previous record volume set in November. The increase is planned to come mainly from the Basra Heavy grade, at 900,000 bpd, […]
The Kurdistan Regional Government (KRG) today publishes the monthly crude oil export report for April 2016. The report details: All oil export volumes through the KRG-Ceyhan crude oil pipeline; all crude oil cargoes lifted from Ceyhan by the buyers; and the revenues received on account by the KRG during the month. The Kurdistan Regional Government […]
By John Lee. Crude oil exports from Iraq's southern fields averaged 3.364 million bpd in April, higher than March's average of 3.286 million. It was also close to the record of 3.37 million bpd exported in November, according to Reuters. The oil was sold at an average price of $33.26 per barrel, earning $3.343 billion, […]
By John Lee. Oil exports from southern Iraq have reportedly reached a record rate of 3.43 million barrels per day so far in April. If sustained for the full month, Reuters reports that this would exceed the record of 3.37 million bpd reached in November. The increase partly reflects an easing of delays in the […]
By Simon Kent. Iraq's representative to OPEC Falah Al-Amri has announced that plans are underway for a second round of talks on freezing OPEC output in June. Currently, Iran is now the sticking point in any such deal, aiming for 4 million BPD by March, and one Iranian official has called talks by non-OPEC members of […]
By John Lee. Reuters cites trade sources saying on Tuesday that crude oil exports from the southern Iraqi ports are set to fall to the lowest this year in May. A preliminary loading programme shows total Basra crude exports of 3.085 million bpd in May, down from 3.28 million bpd this month, with Basra Heavy […]
Genel Energy has announced that the Taq Taq field partners have received a gross payment of $19.88 million from the Kurdistan Regional Government ('KRG') for oil sales during March 2016. Genel's share of the gross Taq Taq payment is $10.93 million. As agreed with the KRG, sales into the local market and deliveries to the […]
By John Lee. Reuters reports that oil exports from Iraq's southern ports have risen to an average of 3.494 million bpd in April, from an average of 3.286 million bpd in March. The South Oil Company's assistant general manager, Basim Abdul Kareem, added that export volumes in March and so far in April are higher […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Secret plan for Kurdish Oil Pipeline Through Iran May Soon Be Reality An oil pipeline from Iraqi Kurdistan through Iran to the world has the potential to change the balance […]
The Kurdistan Regional Government (KRG) has published its monthly crude oil export report for March 2016. The report details: All oil export volumes through the KRG-Ceyhan crude oil pipeline; all crude oil cargoes lifted from Ceyhan by the buyers; and the revenues received on account by the KRG during the month. The KRG exported 10,148,487 […]
