Tag Archives: Iraq

Oil exports from northern Iraq to the Turkish port of Ceyhan remain at a standstill almost three weeks after an arbitration case ruled Ankara owed Baghdad compensation for unauthorised exports. The March 23 arbitration ruling by the International Chamber of Commerce (ICC) ordered Turkey to pay Baghdad damages of $1.5 …

Turkey still hasn’t resumed the flow of crude oil from Iraq, with 450,000 bpd in Iraqi oil exports still offline, anonymous sources told Reuters on Friday. The International Chamber of Commerce (ICC) ruled three weeks ago that Turkey must pay Iraq $1.5 billion in damages for receiving oil from the …

Iraq is asking a U.S. federal court to enforce a ruling against Turkey over crude oil exports Turkey received from the Kurdistan Region of Iraq. The exports from the semi-autonomous Kurdistan region of Iraq into Turkey still have not resumed, leaving multiple fields in the KRG region shut in. Turkey …

Jordan’s imports of Iraqi oil stopped since the beginning of April, after the memorandum of understanding providing Jordan with crude oil ended, despite the approval of the Iraqi Cabinet to renew it. The director of the company carrying Iraqi oil to Jordan, Nael Thiabat, said that the company stopped importing …

India’s imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq – the nation’s traditional top oil supplier. But the purchases appear to have plateaued as growth has slowed. Russia continued to be …

According to the US Energy Information Administration on Saturday, Iraq’s oil exports to the United States increased last week. The EIA’s report stated that the US imported an average of 6.36 million barrels of crude oil from nine countries, up by 1.833 million barrels per day from the previous week’s …

Oil prices surged at the end of the week, with Basra Heavy crude leading the gains with a 9.09% increase, while Basra Intermediate, Brent, and West Texas Intermediate (WTI) crude also closed with gains. Basra Heavy crude closed at $80.63 per barrel, up by 9 cents. while Brent crude closed …

The French energy company and Iraqi government have agreed to allot a stake of 30% to the state-owned Basra Oil Company and 25% to QatarEnergy in the project, which involves recovery of flared gas on three oil fields for feeding gas to power plants along with the construction of a …

QatarEnergy, the Gulf country’s state-run petroleum firm, said Wednesday it has agreed to buy a 25% stake in a massive gas project in Iraq, marking the rare entry of a major producer into a market that Western firms have pulled back from in recent years. The Gas Growth Integrated Project, …

French oil major TotalEnergies confirmed it had reached an agreement with the Iraqi government on a long-delayed $27 billion energy project, reviving a deal which Baghdad hopes could lure back foreign investment in the country. The deal was signed in 2021 for TotalEnergies to build four oil, gas and renewables …