The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
By John Lee. A spokesman for Iraq's Ministry of Oil has said that oil exports from the central and southern fields totalled 95,260,680 million barrels in June, giving an average of 3,175,356 barrels per day (bpd). Mr. Assim Jihad added that at an average selling price of $40.367 per barrel, this brought in revenue of […]
By John Lee. Iraq's oil exports are expected to decline in June for the second month in a row. According to loading data tracked by Reuters and an industry source, Iraq's southern exports in the first 29 days of June have averaged 3.14 million bpd, down 60,000 bpd from May. The head of the South […]
By John Lee. Iran and the Kurdistan Regional Government (KRG) have reportedly agreed the technical details of a plan to build a pipeline that could transfer as much as 250,000 bpd of Kurdish oil to Iran. Taha Zangana (pictured), the KRG's deputy minister of natural resources, told Al Jazeera: "We [the KRG and Iran] have an […]
By John Lee. Reuters repors that crude oil exports from Iraq's southern ports are averaging 3.144 million barrels per day so far in June. An official from the South Oil Company (SOC) said on Tuesday that this was down from the 3.2 million bpd achieved in May due to maintenance work and weather conditions. (Source: […]
By John Lee. The Kurdistan Regional Government (KRG) is reported to be ready to strike an agreement with the central government in Baghdad to increase oil exports. KRG spokesman Safeen Dizayee told Reuters it would be willing to sell its oil through Baghdad if it was guaranteed a monthly revenue of $1 billion: "If Baghdad […]
The Kurdistan Regional Government (KRG) today publishes the monthly crude oil export report for May 2016. The report for May 2016 details: All oil export volumes through the KRG-Ceyhan crude oil pipeline; all crude oil cargoes lifted from Ceyhan by the buyers; revenues received on account by the KRG during the month; and payments directly made […]
By John Lee. Iraq's Ministry of Oil has issued a statement denying media reports that it is going on to export 5 million additional barrels of crude oil in June: "The ministry confirmed that it is committed with the monthly available exportation quantities for June, which will be the same as the previous months, as […]
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, […]
