The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
Iraq will ship 18 cargoes of Basra Light grade from the Persian Gulf in the second half of March, according to a loading schedule obtained by Bloomberg News. The is four more than in the first half of this month. (Source: Bloomberg)
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Reuters, citing two sources at the state-owned South Oil Company, reports that Iraq began loading oil from a long-awaited new floating Single Point Mooring (SPM) platform in the Gulf on Thursday. "We started the loading at 2:45 pm (1145 GMT). The loading process is normal. The situation of pipes and the SPM is stable, and […]
Iraq's oil production has risen above 3 million barrels per day for the first time in more than three decades, according to Reuters. "While I am talking to you today, the Iraqi oil production has exceeded 3 million barrels per day," Deputy Prime Minister Hussain Al Shahristani told a conference in Baghdad on Tuesday. "Loading […]
Iraq’s oil exports dropped slightly in February compared to the previous month, the country's oil ministry said on Thursday. According to AKnews, Mutassam Akram, Undersecretary of the Iraqi Oil Ministry, said that February's oil exports averaged 2.106 barrels per day, down from 2.145 bpd in January. Gross revenues for February will be published at a […]
Iraq's crude oil exports to Jordan have dropped from 10,000 barrels per day to 6,000 bpd, reports Aknews. An agreement from 2008 specifies exports of 10,000 bpd, while an August 2011 agreement to increase to 15,000 bpd was described as not feasible "due to technical and administrative issues". Sixty percent of Iraq's oil exports go […]
Iraq is demonstrating its unique position in the Middle East again, flexing its new diplomatic muscle to resolve an oil exporting crisis between the West, OPEC and Iran, according to this article from NIQASH. But who’s behind these efforts: Iran, the US or Iraq itself? Any opinions expressed are those of the author, and do […]
This article was written by Ali Sarhan, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A plan to triple Iraq’s oil exporting […]
Iraq's oil exports declined slightly in January compared to the previous month, according to both Dow Jones and Associated Press. Exports averaged 2.107 million barrels per day in January, compared to 2.145 million bpd in December. Sales grossed $7.123 billion based on an average price of $109.081 per barrel, up from December's figure of $7.061 […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Iraq has reportedly offered to supply oil to Pakistan with a long-term deferred payment facility. A Special Assistant to the Prime Minister said that a delegation would go to Iraq to negotiate a deal. “Oil refineries in Pakistan are designed to refine low sulphur oil [so] new refineries would be required to process Iraqi oil,” […]
Iraq began pumping oil to the first of five floating terminals in the Gulf on Sunday, according to AFP, and the terminal will be ready for exports in a few days. Prime Minister Nuri al-Maliki symbolically opened the valve of a pipeline that runs 535 kilometres (332 miles) from Iraq's southern oil fields to the […]
