The latest Iraq Oil Exports News – Iraq Oil Exports , State Oil Marketing Organization , International Oil Companies & more – brought to you by Iraq Business News
Iraq's crude oil exports to Jordan have dropped from 10,000 barrels per day to 6,000 bpd, reports Aknews. An agreement from 2008 specifies exports of 10,000 bpd, while an August 2011 agreement to increase to 15,000 bpd was described as not feasible "due to technical and administrative issues". Sixty percent of Iraq's oil exports go […]
Iraq's State Oil Marketing Organisation (SOMO) has signed a deal to buy nearly 1.5 million tonnes of gasoil and petrol for delivery over the first half of the year, according to Gulf News. Gasoil It is set to purchase two cargoes of 16,000 tonnes each of 0.1 per cent sulphur gasoil every month from Vitol […]
Iraq's oil exports rose by 10,000 barrels per day in December, from 2.135 million bpd to 2.145 million bpd, according to a report from Platts. Citing data from the State Oil Marketing Organization (SOMO), the agency also says that the country's oil production fell by 13,000 bpd in December, to 2.652 million bpd from 2.665 […]
Iraq increased its oil exports 1.9 percent in December to an average of 2.175 million barrels a day, according to a report from Bloomberg. The country may export at an average 2.6 million barrels a day next year, Falah Al-Amri, director of the State Oil Marketing Organization (SOMO), said in an interview. Iraq exported 2.135 […]
Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for January. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); Shipments to […]
Iraq’s oil exports were 2.088 million barrels per day in October down from 2.101 million bpd in September, according to a report from Reuters. Falah Alamri, the head of the State Oil Marketing Organization (SOMO), said exports were 1.628 million bpd from the southern oil hub of Basra and 460,000 bpd from the northern fields […]
Bloomberg reports that Iraq will ask to rejoin OPEC’s quota system for crude output in 2014. The holder of the world’s fifth-largest oil reserves plans to increased production from an average of 2.9 million barrels a day to 3.4 million barrels a day next year, and 4.5 million barrels a day in 2013, said Falah […]
The Gulf Today reports that Iraq's State Oil Marketing Organisation (SOMO) has issued a tender to buy: 1.365 million tonnes of gasolinen (unleaded 92 RON); 773,000 tonnes of 0.1 percent gas oil; and, 292,000 tonnes of jet fuel. The fuel is for delivery into Khor Al Zubair terminal between January and June 2012. (Source: Reuters, […]
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 […]
Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for October. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); Shipments to […]
Iraq’s oil ministry says oil exports increased in June by slightly over 2 percent compared to the previous month, according to the Washington Post. Tuesday’s statement says last month oil exports averaged 2.273 million barrels per day (bpd) - up from the 2.225 bpd in May. The sales yielded $7.173 billion with an achieved average […]
Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices on Sunday for its Basra Light and Kirkuk crude grades for August. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); […]
