The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
Iraq's oil exports and income in September were the lowest since February as pumping along the Ceyhan pipeline to Turkey was disrupted due to multiple stoppages, according to Bloomberg. The country exported a total of 63.1 million barrels of oil last month at an average price of $104.90, bringing in total income of $6.619 billion, […]
Iraq has awarded a $523 million [612 billion Iraqi dinar] contract to expand oil export facilities in the south of the country to Leighton Offshore, a subsidiary of Australian firm Leighton International, according to AFP. Leighton is the Australian unit of Germany construction group Hochtief. The project must be completed within 16 months and will […]
Iraq has reportedly resumed crude exports through its Kirkuk-Ceyhan pipeline at a rate of 400,000-450,000 bpd, after a suspension of six days. Iraq’s oil exports through the main oil pipeline from Kirkuk to Ceyhan in Turkey had stopped entirely due to leakage caused by erosion, according to Aswat al-Iraq. A source at North Oil Company […]
Higher oil prices and rising exports in the first eight months of the year have meant Iraq has already earned more from crude oil exports in the first eight months of 2011 than in all of 2010. The country generated $55.733 billion between January and August, compared to a total of $52.202 billion in all […]
Iraqi Oil Minister Abdelkarim al-Luaybi [Luaibi, Elaibi] said on Sunday that the country plans to produce three million barrels of crude per day by the end of the year, and export 2.5 million bpd next year. The minister told a conference in the Jordanian capital Amman, which is being attended by the 46 oil firms […]
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 […]
