Tag Archives | oil revenues

Will Baghdad, Erbil fulfil Budget Obligations?

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. With deal in hand, will Baghdad, Erbil fulfil budget obligations? To what extent will the Kurdistan region of Iraq (KRI) be seriously committed to the provisions of the federal budget now that it […]

Iraq Oil Exports for June Exceed $6bn

By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for June of 86,765,589 barrels, giving an average for the month of 2.892 million barrels per day (bpd), slightly down from the 2.899 million bpd exported in May. The exports from the oilfields in central and southern Iraq amounted to approximately 83,690,352 barrels, […]

Iraq Oil Revenues almost $6bn in May

By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for May of 89,881,268 barrels, giving an average for the month of 2.899 million barrels per day (bpd), slightly down from the 2.947 million bpd exported in April. The exports from the oilfields in central and southern Iraq amounted to approximately 86,820,355 barrels, […]

Iraq Oil Export Volumes slightly Down for May

By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for May of 89,881,268 barrels, giving an average for the month of 2.899 million barrels per day (bpd), slightly down from the 2.947 million bpd exported in April. The exports from the oilfields in central and southern Iraq amounted to approximately 86,820,355 barrels, […]

Genel Energy receives March Oil Payments from KRG

Genel Energy has announced that payments have been received from the Kurdistan Regional Government ('KRG') for its entitlement for oil sales during March 2021. Those payments are made up as follows: (all figures $ million) Payment Tawke 14.3 Taq Taq 2.1 Sarta 3.4 Total 19.8 As announced on 13 May, Genel and other KRI operators […]

Iraq Finalises Oil Exports for April

By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for April of 88,398,319 barrels, giving an average for the month of 2.947 million barrels per day (bpd), effectively the same as the 2.946 million bpd exported in March. The exports from the oilfields in central and southern Iraq amounted to approximately 85,534,916 […]

Video: The Baghdad-Erbil Budget Divide

Breaking the Impasse: The Baghdad-Erbil Budget Divide On May 20, 2021, the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS) IRIS hosted a public webinar with Ahmed Tabaqchali (Senior Fellow, IRIS), Megan Connelly (Non-Resident Fellow, IRIS), and Sarwar Abdullah (Lecturer, University of Sulaimani), moderated by IRIS Researcher Hamzeh […]

KRG amends Oil Payment Terms; Share Prices Fall

By John Lee. Shares in oil companies operating in Iraqi Kurdistan have been hit by a change in payment terms imposed by the Kurdistan Regional Government (KRG). Genel Energy, Gulf Keystone Petroleum (GKP) and DNO this morning reported to the markets that they have received letters from the KRG proposing an amendment to payment terms […]

Iraq Oil Export Volumes Flat for April

By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for April of 88,398,319 barrels, giving an average for the month of 2.947 million barrels per day (bpd), effectively the same as the 2.946 million bpd exported in March. The exports from the oilfields in central and southern Iraq amounted to approximately 85,534,916 […]

Iraq Finalises Oil Exports for March

By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for March of 91,311,929 barrels, giving an average for the month of 2.946 million barrels per day (bpd), down slightly from the 2.960 million bpd exported in February. The exports from the oilfields in central and southern Iraq amounted to approximately 88,240,184 barrels, […]

DNO announces Ramp-Up of Oil Production in Iraq

DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 54.0 million net to the Company from the Kurdistan Regional Government (KRG), of which USD 35.2 million represents DNO's entitlement share of February 2021 crude oil deliveries to the export market from the Tawke license in Kurdistan. Of the balance, USD 4.6 million is […]