The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
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 […]
By John Lee. The Iraqi ministry of oil has declared its final oil exports for February 2016. Assim Jihad, spokesman of the ministry, said it exported 93,500 million barrels, equating to 3,224 barrels per day, all of it from the southern ports. Final statistics from the State Oil Marketing Organization (SOMO) show revenue of 2.249 […]
By John Lee. Kurdistan Region President Masoud Barzani (pictured) has said he wants to reach an amicable agreement with Baghdad, but stressed that Kurds will "not accept to be subordinates". In his address on the occasion of Newroz, the Kurdish New Year, the President said: “We have two options before us: either we forget the […]
By John Lee. According to a report from Reuters, Indonesia's state-owned energy company Pertamina hopes to seal a deal this year with an un-named Indian refiner to process around 1 million barrels of Iraqi crude oil each month. Chief Executive Dwi Soetjipto (pictured) told reporters: "It is better if we purchase the crude and then utilize […]
By John Lee. Finance Minister Hoshiyar Zebari (pictured) has said that Iraq is inclined to accept a global deal to freeze oil production in order to lift crude oil prices. He told Reuters: “The idea of a freeze in production is I think acceptable to all parties, even to us. “Everybody is suffering from this […]
By John Lee. Petra reports that the Jordanian Minister of Energy and Mineral Resources, Ibrahim Saif, will meet his Egyptian and Iraqi counterparts in Cairo on Tuesday to discuss developments regarding the Basra-Aqaba pipeline project. The project, agreed by the three countries in Amman in November 2015, will see oil and gas pipeline running from […]
