The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
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 […]
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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 […]
Iraq, and the entire Gulf region is nervously contemplating the risk of possible Iranian action to close the Strait of Hormuz in response to sanctions imposed by the US and EU. And that nervousness is echoed around the world, as something of the order of a quarter of the world's oil supply is shipped through […]
Bloomberg reports that Iraq would lose the capacity to export 1.7 million barrels of crude a day if Iran blocks the Strait of Hormuz. “Iraq will have to depend on the northern route from where it can export 450,000 barrels a day through Turkey’s port of Ceyhan on the Mediterranean,” Oil Ministry spokesman Asim Jihad […]
Exports of crude oil from northern Iraq via the Turkish port of Ceyhan (pictured) have resumed on Monday after a three-day halt resulting from sabotage to the pipeline network in Turkey, according to Bloomberg. Ziad Ahmad al-Obaidi, an official from the North Oil Company said the initial rate was 400,000 barrels to 500,000 bpd. Iraqi […]
Iraq plans to ship 17 cargoes of Basrah Light crude oil from the Persian Gulf in the first half of February, according to a loading program obtained by Bloomberg. This would be two cargoes more than in the second half of January. A total of 28.06 million barrels, or 1.87 million barrels a day, will be […]
