Tag Archives: Iraq

The Ministry of Finance revealed on Sunday that Iraq’s financial revenues in the federal budget exceeded 65 trillion dinars over seven months, confirming a rise in the oil contribution to the budget to 95%. However, an economic expert believes that non-oil revenues “will not improve.” Shafaq News Agency examined data …

Iraq, OPEC’s second largest exporter, has had its crude oil supplies to the US, the world’s second largest importer, increased, data by the Energy Information Administration (EIA) showed this weekend. In the span of a week, the volume rose from 100,000 barrels daily to a 248,000 barrels — a jump …

Iraq’s government-owned oil marketing company, SOMO, announced that the average daily oil exports during the first week of September reached 2.5 million barrels. According to a table, SOMO reported that “the average daily export during the first week of September reached 2.504 million barrels at an average price of $89.203 …

Iraq secured the eighth position on the list of the Arab countries with the highest natural gas consumption for the previous year, with an annual growth of up to 2.1 billion cubic meters, according to the Energy Agency. The agency reported that “Saudi Arabia ranked first as the largest Arab …

Iraq, OPEC’s second largest exporter, has had its crude oil supplies to the US, the world’s second largest importer, decreased, data by the Energy Information Administration (EIA) showed this weekend. In the span of a week, the volume dwindled from 283,000 barrels daily to a mere 232,000 barrels — a …

Iraq’s State Oil Marketing Organization (SOMO) has reported a rise in its exports to Jordan for August, with the price of a barrel standing at $70.22. With this price tag, Iraq has offered Jordan a discount of $13.13 per barrel, given that the official selling rate declared by Iraq’s Ministry …

Iraq’s Basra Oil Company (BOC) announced that TotalEnergies entered into a contractual commitment to carry out four large energy projects as part of a deal concluded with the Iraqi government last July. TotalEnergies long-awaited $27 billion energy deal is expected to increase oil production and Iraq’s capacity to produce energy …

The Indian government has formally called on Iraq to provide further concessions on oil prices, drawing parallels with the low-cost Russian crude that has emerged as India’s primary oil source since May 2022, displacing Iraq from its longstanding position. In a strategic move to diversify their oil imports and curtail …

Basra crude oil prices experienced a week of subtle downturns in response to worldwide market fluctuations. While some benchmarks reflected momentary gains, the overarching trend was marked by a fractional decline, primarily influenced by a blend of economic data and production adjustments. Basra Heavy crude concluded its Friday trading session …

Turkey is attempting to broker a deal between the central Iraqi government and the semi-autonomous Kurdish administration over how to resume Iraqi crude-oil exports via its territory, according to Turkish officials. Turkey halted flows through a twin-pipeline in March after an arbitration court ordered it to pay about $1.5 billion …