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 […]
Tag Archives | Iraq Oil Exports News
The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
Tags: Ashti Hawrami, Baghdad, featured, Haider al Abadi, Iraq, Iraq Oil Exports News, KRG, Kurdish regional government
Iraqi Oil Selling for $30 Per Barrel
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 […]
Tags: Basra Heavy, Basra Light, featured, International Energy Agency, Iraq, Iraq Oil Exports News, oil glut, OPEC
Jump in Iraqi Crude Exports to US
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 […]
Tags: Energy Information Administration (EIA), featured, Iraq, Iraq Oil Exports News, oil glut, oil imports, United States
KRG to Export Oil through Iran
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 […]
Oil Pipeline with Jordan 'a Priority' for Iraq
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 […]
Oil Export Data from KRG, Oct 2015
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 […]
Tags: featured, Iraq Oil Exports News, KRG, KRG Monthly Export Report, Kurdistan News, North Oil Company (NOC)
Kurds Will Return to Baghdad to Negotiate Oil Exports
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 […]
October Oil Exports Fall
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 […]
US Court Throws Out Kurdish Oil Lawsuit
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 […]
South Africa Eyes Crude Oil from Iraq
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, […]
KRG Tops 600k bpd Exports in Sept
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 […]
Tags: featured, Iraq Oil Exports News, KRG, KRG Monthly Export Report, Kurdistan News, North Oil Company (NOC)
September Oil Exports Down
By John Lee. Iraq's oil exports for September fell to an average of 3.052 million barrels per day (bpd), down from 3.078 million bpd in August, according to a report from Reuters. Of this quantity, 3.03 million bpd were from the southern ports, with only 22,000 bpd from the north of the country via the […]