By John Lee. Gulf Keystone Petroleum (GKP) has announced that the Kurdistan Regional Government (KRG) has made a gross payment of $15.0 million ($12.0 million net to GKP) for Shaikan crude export sales in February 2017. (Source: GKP)
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for May of 101,134,586 barrels, giving an average for the month of 3.262 million barrels per day (bpd), slightly more than the 3.252 bpd exported in April. Exports from the southern terminals totalled 100,445,000 barrels, with 679,580 barrels exported from Kirkuk. Revenues for the month were […]
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for April of 97.6 million barrels, giving an average for the month of 3.253 million barrels per day (bpd), slightly less than the 3.259 bpd exported in March. Exports from the southern terminals totalled 96.9 million barrels, with 700,000 barrels exported from Kirkuk. Revenues for the […]
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 41.40 million from the Kurdistan Regional Government as payment towards February 2017 crude oil deliveries to the export market from the Tawke field. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 34.73 million toward monthly […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for April of 97,574,813 barrels, giving an average for the month of 3.252 million barrels per day (bpd), slightly less than the 3.259 bpd exported in March. Exports from the southern terminals totalled 96,900,433 barrels, with 674,380 barrels exported from Kirkuk. Revenues for the month were $4,612,815,000, […]
By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $15.0 million ($12.0 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil export sales in January 2017. (Source: GKP)
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 46.15 million from the Kurdistan Regional Government (KRG) as payment towards January 2017 crude oil deliveries to the export market from the Tawke field. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 38.70 million toward […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for March of 101,031,675 barrels, giving an average for the month of 3.259 million barrels per day (bpd), slightly less than the 3.271 bpd exported in February. Exports from the southern terminals totalled 99,504,916 barrels, with 1,526,759 barrels exported from Kirkuk. Revenues for the […]
By John Lee. Iraq's Ministry of Oil announced exports of 91.6 million barrels for February, earning revenue of $4.5 billion. This equates to 3.271 million barrels per day (bpd), and an average oil price of $49.127 per barrel. The southern ports of Basra acconted for 90.8 million barrels, which brought in $4.46 billion, while Kirkuk […]
By Omar Sattarfor Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On March 2, a military force affiliated with the Patriotic Union of Kurdistan (PUK) led by former President Jalal Talabani seized the North Oil Company in Kirkuk province. The military […]
By John Lee. DNO ASA, the operator of the Tawke field, and its partner Genel Energy, have announced that they have received a payment of $35.45 million from the Kurdistan Regional Government (KRG) as payment towards November 2016 crude oil deliveries to the export market from the Tawke field. The payment reflects full settlement of […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 8.41 million from the Kurdistan Regional Government as payment towards June 2016 crude oil deliveries to the export market from the Tawke field. The payment completes settlement of the total invoiced amount for June 2016 of USD 38.41 million, […]
