Tag Archives: Iraq Oil Ministry

Baghdad depends on the oil sector for more than 90 per cent of its revenue.

Iraq’s oil exports for February exceeded 95.940 million barrels.

The first international flight landed at Erbil airport on Monday morning.

The Anbar refinery is part of a government plan to increase the nation’s oil processing capacity and reduce its oil products imports.

Iraq is OPEC’s second-largest oil producer after Saudi Arabia.

Kirkuk crude sales have been halted since Iraqi forces took back control of the oil fields from the Kurds last October.

In the current fiscal so far. the Middle East has accounted for 117.5 MT of crude oil supplies from India.

The burgeoning Iraq-China partnership was said to be anchored by a dramatic increase in oil trade.

Kirkuk’s oilfields had been under Kurdish control since 2014.

Previous bidding rounds had specific contract models that covered costs and paid a remuneration fee for production.