The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
Iraq exported oil at a rate of 2.23 million barrels per day (bpd) in May, with record revenue this year of $7.4 billion, according to Falah al-Amri, chairman of the State Oil Marketing Organization (SOMO) Iraq sold crude at an average price of $108 a barrel last month, he said today in a telephone interview […]
Iraq's oil ministry has reported record oil income for the the month of March. Because of rising oil prices combined with a third consecutive month of exports in excess of two million barrels per day (bpd), Iraq exported a total of 66.9 million barrels of oil last month, generating $7.167 billion in income at an […]
Iraq's crude oil exports fell 2% in March to 2.159 million barrels a day, from 2.202 million barrels a day in the previous month, due to several days of bad weather at the Southern terminals, and damage to part of the northern export pipeline from an act of sabotage, Dow Jones Newswires reports. A senior […]
Iraq’s Oil Ministry has completed repairs to the damaged oil pipeline carrying crude from north Iraq’s Kirkuk fields through Turkey, and pumping resumed after mid-night on Tuesday morning, the Oil Ministry’s official spokesman has confirmed. “The Oil Ministry has completed repairs in the damaged Iraqi-Turkish oil pipeline, exporting crude oil to the Turkish Ceyhan terminal […]
A bomb attack in the northern province of Nineveh halted oil flow through the Iraq-Turkey pipeline, which carries a quarter of Iraq's crude exports, a spokesman for Iraq's oil ministry said on Wednesday. Reuters, quoting Oil Ministry spokesman Asim Jihad, reported that the attack occurred on Tuesday night, but oil flow is expected to resume […]
Reuters reports that Iraq exported an average of 2.202 million barrels per day in February, up from 2.16 million bpd in January, and the highest level since the 2003 U.S.-led invasion. Falah Alamri, head of the State Oil Marketing Organisation (SOMO), said exports from the northern fields, which included crude from the country's Kurdish region, […]
Revenue from Iraqi crude oil exports rose to $6.08 billion in January, the most in more than a year, the country’s State Oil Marketing Organization (SOMO) has reported. The average price for Iraqi oil was $90.78 a barrel, compared with $86.31 in December and $80.59 in November. Exports increased last month by about 10 percent […]
Asim Jihad, a spokesman for the Iraqi Oil Ministry, said the Iraqi government has demanded Jordan pay back a credit of $114m for purchasing Iraqi crude oil during 2003-6, adding Jordan has demanded to increase Iraqi crude oil import to 30,000 barrels per day (bpd). According to the report from AKnews, during the period from […]
According to a report from Reuters, Iraqi Prime Minister Nouri al-Maliki was misquoted as saying the central government in Baghdad would honour Kurdish production sharing oil contracts, The agency quotes Deputy Prime Minister with responsibility for Energy, Hussain al-Shahristani, as saying: "All the contracts we (the central government) have signed were service contracts and we […]
Iraq's Prime Minister, Nouri al-Maliki, has said in an interview with news agency AFP that Iraq will honour production-sharing contracts that the Kurdish regional authorities have signed with foreign companies. Shares in Norway's DNO, which has production in the region, rose 7% on the news. The report was not confirmed by the Oil Ministry and […]
DNO can confirm that export production tests at the Tawke oil field in the Kurdistan Region of Iraq commenced on 2 February. At present, the tested volumes are around 10,000 bopd. The technical tests are being conducted in close coordination with the Kurdistan Regional Government and the Northern Oil Company to ensure a responsible and […]
Iraq exported an average of 2.163 million barrels of oil per day in January, up from 1.951 million bpd in December, its highest level since the 2003 U.S.-led invasion, a top oil official said on Wednesday. Falah Alamri, head of the State Oil Marketing Organisation (SOMO), told Reuters on the sidelines of an energy conference […]
