Tag Archives: Iraq Oil Ministry

Iraq’s oil minister said last month Iraq and Iran had not yet begun exchanging crude oil. for technical reasons.

Iraq exported 3.490 million bpd of crude oil in May.

Al-Salihi also called on Turkish officials to be sensitive on this issue in their talks with their Iraqi counterparts.

Iran started swapping oil with Iraq’s Kirkuk on June 3.

Iraq'.s plan is to increase export capacity to 6.5 million bpd by 2022.

Iraq has formed a joint venture with a shipping company owned by Arab states to transfer. store and trade crude and oil products.

Chevron has signed a memorandum of understanding (MoU) with Basra Oil Company.

Last December. Iraq and Iran reached an agreement for oil swap for one year.

Iraq exported 100 million barrels of oil in April. a daily rate of 3.3 million barrels.

The export level dropped because of maintenance work carried out at loading terminals in early April.