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 oil exports rose to a record average of 3.37 million barrels per day in November, up from 2.7 million bpd the previous month, reports Reuters. Officials at the South Oil Company (SOC) said the jump in exports was facilitated by the large quantities of crude held in storage due to bad […]
By Simon Kent. In a striking admission of the policy of the Kurdish Regional Government (KRG) Minister of Natural Resources Ashti Hawrami (pictured) has described the outcome of the political deadlock with Baghdad, which has led to secret oil exports by the KRG. Quoted in Reuters, Hawrami says that following former PM Nouri-al Maliki's blocking of the KRG […]
By Simon Kent. Traders in Europe have reported to Reuters that the Basra Light grade of crude is selling for $30 on the European market, as Iraq gains on Saudi Arabia as one of the main suppliers of oil to EU countries. Last year, Basra split its exports into Basra Light and Basra Heavy grades and […]
By Simon Kent. Iraqi crude exports to the US surged to 521,000 bpd for October, according to the US Energy Information Administration (EIA.) The increase in exports of Iraqi crude to the US marks a historic shift, since US imports of Iraqi crude actually decreased after 2003 despite the gradual increase in Iraqi production, with […]
BasNews reports that the Kurdistan Regional Government (KRG) is planning to build pipelines transporting oil and gas to and from Iran. Abdullah Akrayi, the Head of the KRG’s Department of Relations with Iran, told BasNews that Erbil has resumed discussions with Tehran to establish two pipelines importing gas from Iran and sending KRG oil to […]
By John Lee. Iraqi Finance Minister Hoshyar Zebari has said that the oil pipeline between Iraq and Jordan is a priority for the Iraqi government. He told the Jordanian news agency Petra that Baghdad is currently considering the best alternatives to change the pipeline’s course to pass through safer areas inside the country. The added […]
The Kurdistan Regional Government (KRG) has published its monthly export report for October 2015. KRG exported 18,461,357 barrels of crude oil (an average of 595,528 barrels per day (bpd)) in the month of October through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG contributed […]
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. Cap in Hand: Kurdish Will Return to Baghdad to Negotiate Oil Exports Iraqi Kurdistan's plan to export oil independently does not seem to be working. Sources say politicians will be […]
By John Lee. The Iraq Oil Ministry has announced crude oil export figures for October showing an average of 2.7 million barrels per day (bpd), a drop of 11.53 percent on September’s 3.052 million bpd. The poor performance was blamed on poor weather in the Gulf, and a stoppage of shipments from Northern Iraq to […]
By John Lee. A court in the United States has dismissed a lawsuit over a disputed cargo of crude oil from Iraqi Kurdistan. The United Kalavyrta [United Kalavrvta, United Kalvrvta] (pictured) spent several months off the coast of Texas after Baghdad tried to have a U.S. court seize the oil. Reuters reports that the case […]
By John Lee. South Africa's Strategic Fuel Fund (SFF) wants to import 24 million barrels of oil a year from Iraq to boost its reserves, according to a report from Reuters. The country has not imported crude oil from Iraq since 2003, when Saddam Hussein was toppled. In August, South Africa's largest black-owned petrochemical company, […]
The Kurdistan Regional Government (KRG) exported 18,614,798 barrels of crude oil (an average of 620,478 barrels per day (bpd)) in the month of September through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG contributed 13,898,548 barrels (463,285 bpd on average), while fields operated by […]
