Tag Archives: Iraq

Last week’s banning by the Baghdad-based Federal Government of Iraq (FGI) of oil sales made independently by the government of the semi-autonomous region of Kurdistan (KRG) in northern Iraq should be seen in the context of the Saudi Arabia-Iran relationship resumption deal done on 10 March. And that context is …

Oil from the Kurdistan Regional Government in northern Iraq may start flowing as soon as this week after KRG and federal government officials reached a preliminary agreement to restart exports, which have been cut off since March 25th. “Following several meetings between the KRG and federal government, an initial agreement …

The Energy Information Administration (EIA) announced on Sunday that Iraqi oil exports to the US have decreased for the second consecutive week. The EIA’s report stated that “the average US imports of crude oil from nine countries during the past week amounted to 4.532 million bpd, a decrease of 891 …

Iraq’s federal government and the Kurdistan Regional Government (KRG) have reached an initial agreement to restart northern oil exports this week, a KRG spokesman said on Sunday, and Baghdad will write to Turkey to request a resumption in pipeline flows. Turkey stopped pumping about 450,000 b/d of Iraqi crude from …

Iraq’s federal government and the Kurdistan Regional Government (KRG) are close to striking a deal aimed at resuming northern oil exports, four sources familiar with the discussions told Reuters on Saturday. Turkey stopped pipeline flows from the Kirkuk fields in northern Iraq’s semi-autonomous Kurdistan region to its port of Ceyhan …

OPEC oil output fell in March due to oilfield maintenance in Angola and a halt in some of Iraq’s exports, a Reuters survey found on Friday, adding to the impact of strong adherence by top producers to a supply cut deal by the wider OPEC+ alliance. The Organization of the …

Iraqi Oil Minister, Hayan Abdul Ghani, announced today that gas investment operations have commenced in the Akkas gas field, located in al-Anbar governorate, with a production rate of 60 million standard cubic feet per day (MMSCFD). The Ministry spokesperson emphasized the significance of this development as an invitation to foreign …

Iraq’s oil ministry welcomed an arbitration ruling in its long-running dispute with Turkey centered on crude oil exports from the semi-autonomous Kurdish region and said it would discuss “mechanisms” to keep oil flowing. The International Chamber of Commerce’s International Court of Arbitration decided in Iraq’s favor on March 23, Iraq …

Iraq’s State Organization for Marketing of Oil (SOMO) announced that Chinese oil companies were the largest buyers of Iraqi oil during the month of February. According to statistics published on SOMO’s official website, Chinese companies accounted for 7 of the 35 firms that purchased oil last month. SOMO’s data revealed …

Iraqi Oil Minister, Hayyan Abdulghani, expressed his country’s readiness to increase oil production if OPEC+ decides to do so. Speaking at the Baghdad International Dialogue Conference on Sunday, Abdulghani stated that Iraq is committed to maintaining a production rate of 220,000 barrels per day in line with OPEC+ quotas. The …