The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
Iraq's August crude oil exports hit 68 million barrels per day (bpd) in August, according to a report from AKnews. The figure represents an increase of about 1% from the previous month's 67.2 million bpd, with a total revenue of $7.31 billion. Deputy Iraqi Oil Minister, Akram Mu'tassam, told AKnews that the average daily oil […]
Iraq has agreed to increase oil exports to Jordan by 50%, according to AKnews. The Iraqi Oil Ministry has signed the agreement with its Jordanian counterpart today to increase oil exports from the Baiji [Bayji, Beiji] refinery (pictured) from 10,000 barrels per day (bpd) to 15,000 bpd. Falah al-Ameri, director of the State Oil Marketing […]
An Amman-based freight company has won a tender to transport 30,000 metric tons of fuel oil per month from Iraq to Jordan, the nation’s official news agency Petra said. Bloomberg reports that the company is called 'Mahmoud Al Zoubi for Transport', and that it will charge 37.3 Jordanian dinars ($52.65) per ton, which was the […]
Iraq's oil exports for July fell compared to the previous month in volume terms, but revenues rose as average crude prices increased, the oil ministry said on Monday. AFP reports that Iraq exported 67.2 million barrels in July, down from 68.2 million barrels in June Revenues were up, at $7.311 billion, compared to $7.173 billion […]
Iraq earned more than $48 billion in revenue from crude oil exports in the first seven months of this year, Oil Minister Abdul Kareem al-Luaibi [Elaibi] has announced, according to Bloomberg. The country’s 2011 oil exports will exceed $80 billion and have already “helped the government ease the budget deficit and carry out several projects,” […]
A Jordanian transport company said on Sunday that it won the 'technical side' of a bid to transport 10,000 tons of fuel oil from Iraq to Jordan every day, within an agreement signed between the neighbouring countrries in 2006, according to the KUNA news agency. Abdussalam Al-Theyabat, owner of the Theyabat Transport and Trading corporation, […]
Reuters reports that Iraq's oil exports from its southern ports jumped last month to a six-month high, reflecting efforts by foreign oil companies to boost production. Exports from the Basra oil terminal and Khor al-Amaya averaged 1.77 million bpd in July, shipping data tracked by Reuters showed. That is the highest since 1.8 million bpd […]
Iraq’s oil ministry says oil exports increased in June by slightly over 2 percent compared to the previous month, according to the Washington Post. Tuesday’s statement says last month oil exports averaged 2.273 million barrels per day (bpd) - up from the 2.225 bpd in May. The sales yielded $7.173 billion with an achieved average […]
Bloomberg reports that Iraq exported 2.273 million barrels of oil a day in June, the most since the 2003 U.S.-led invasion of the country, according to Falah al-Amri, chairman of the State Oil Marketing Organization (SOMO). June oil revenue, at an average price of $105 a barrel, dropped to $7.1 billion from $7.4 billion a […]
Further to the announcement of 23 May 2011, Gulf Keystone has announced that currently the Company is in the commissioning phase of oil export operations from its Extended Well Test (EWT) facility close to Shaikan-1 and Shaikan-3. The commissioning phase, involving final preparations and customary checks and tests on all elements of the process, including […]
Iraq’s oil production has risen to 2.63 million barrels a day, up by 15 percent from the same period last year, according to Bloomberg. Crude exports averaged 2.18 million barrels a day in the first five months of 2011 and are expected to increase in the second half of the year, Hussain al-Shahristani, deputy prime […]
Jordan's Prime Minister, Marouf Bakhit, said that Iraq has agreed to increase the volume of daily oil supply to Jordan from 10,000 barrels to 15,000 barrels, with plans to increase the quantity to 30,000 barrels a day eventually. The two countries have agreed in principle to a planned crude oil pipeline stretching between the neighboring […]
