Tag Archives | oil revenues

Iraq's Dire Fiscal Crisis

By Kirk H. Sowell, for the Carnegie Endowment for International Peace. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Dire Fiscal Crisis Iraq's Prime Minister inherited a series of fiscal crises. As his interim government struggles to advert a complete economic collapse, […]

Iraq Increases Oil Exports in Oct

By John Lee. Iraq's Ministry of Oil has announced initial oil exports for October of 89,153,899 barrels, giving an average for the month of 2.876 million barrels per day (bpd), up from the 2.613 million bpd exported in September. These exports from the oilfields in central and southern Iraq amounted to approximately 86,000,000 barrels, while […]

Iraq announces Oil Export Data for Sept

By John Lee. Iraq's Ministry of Oil has announced initial oil exports for September of 78,388,619 barrels, giving an average for the month of 2.613 million barrels per day (bpd), slightly up from the 2.597 million bpd exported in August. These exports from the oilfields in central and southern Iraq amounted to 75,000,000 barrels, while […]

Finalised Iraqi Oil Export Figures for August

By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for August of 80,494,536 barrels, giving an average for the month of 2.597 million barrels per day (bpd), down from the 2.763 million bpd exported in July. These exports from the oilfields in central and southern Iraq amounted to 77,505,136 barrels, while exports […]

Preliminary Oil Export Figures for August

By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for August of 80,494,536 barrels, giving an average for the month of 2.597 million barrels per day (bpd), down from the 2.763 million bpd exported in July. These exports from the oilfields in central and southern Iraq amounted to 77,505,136 barrels, while exports […]

$115m BP payment to Iraq in 2019

By John Lee. Oil giant BP has just published details of its transactions with the Government of Iraq in 2018 in respect of the Rumaila oilfield, as part of its Report on Payments to Governments 2018. Click on image below to see in more detail: (Source: BP)

Iraq Loses $11bn in 4 Months as Oil Prices Plunge

From Middle East Monitor, under a Creative Commons licence. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq has incurred around $11 billion in losses in four months due to the global drop in oil prices, the State Organisation for Marketing of Oil […]

KRG nets $4.5bn Oil Revenues for 2019

The KRG's Regional Council of Oil and Gas Affairs has published a report containing verified statistics covering the Kurdistan Region's oil exports, consumption and revenues for 2019. The report, available in Kurdish, English and Arabic, provides a quarterly analysis of oil export information and average prices, together with a consolidated annual overview. The data verification […]

Baghdad "Halts Payments to KRG"

By John Lee. Baghdad is said to have stopped payments to the Kurdistan Regional Government (KRG). Writing for Argus Media, Rowena Edwards says central government will also seek to recover payments made since the start of the year, in the absence of KRG transfers of crude oil, which were part of the as-yet-unsigned 2020 budget. […]

Oil Ministry Finalises Export Figures for December

By John Lee. Iraq’s Ministry of Oil has announced final oil exports for December of 106,265,346 barrels, giving an average for the month of 3.428 million barrels per day (bpd), down from the 3.500 million bpd exported in November. These exports from the oilfields in central and southern Iraq amounted to 103,090,550 barrels, while exports […]

Oil Exports Slightly Down in December

By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for December of 106,265,307 barrels, giving an average for the month of 3.428 million barrels per day (bpd), down from the 3.500 million bpd exported in November. These exports from the oilfields in central and southern Iraq amounted to 103,090,550 barrels, while exports […]

What is the fate of Baghdad-Erbil’s Oil-for-Budget Agreement?

By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. What is the fate of Baghdad-Erbil’s oil-for-budget agreement amid ongoing protests? The Kurdistan Region of Iraq has vast proven oil and gas resources; however, mismanagement, corruption and ruling parties’ monopoly on power have brought […]