Tag Archives: Iraq

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 …

Iraqi oil expert Hamza al-Jawahiri on Thursday said the West has started a “war” on oil prices, warning that the assumed price of oil in Iraq’s 2023 budget is disappointing. Al-Jawahiri’s comments came as the price of oil dropped to record lows following the collapse of some banks in America …

India’s imports of crude oil from Russia soared to a record 1.6 million barrels per day in February and is now higher than combined imports from traditional suppliers Iraq and Saudi Arabia. Iraq, whom Russia has toppled to become the largest oil source for India, supplied 9,39,921 barrels per day …

India’s imports of crude oil from Russia soared to a record 1.6 million barrels per day in February and is now higher than combined imports from traditional suppliers Iraq and Saudi Arabia. Russia continued to be the single largest supplier of crude oil, which is converted into petrol and diesel …

Iraq has been saying it wants to produce more oil and gas for a while now but turning stated ambitions into reality has taken a while. This week, the country took a big step towards that reality when it signed a slew of deals with foreign companies as part of …

In a meeting Iraqi Parliament Speaker, the Iranian Foreign Minister described Tehran-Baghdad regional cooperation as fast-paced and effective. Iranian Foreign Minister Hossein Amir-Abdollahian and his accompanying delegation met with Iraq’s Parliament Speaker Mohamed Al-Halbousi in the capital Baghdad on Wednesday night. During the meeting, the two officials discussed Iran-Iraq relations …

Iraq’s oil ministry on Tuesday signed several contracts with UAE’s Crescent Petroleum, China’s Geo Jade Petroleum and Hong Kong’s United Energy Group (UEG) to develop oil and gas fields in Diyala and Basra provinces, as the country plans to be self-sufficient in gas production within the next three years. Iraq’s …

India’s Iraqi oil imports in January rose to a seven-month high of 983,000 barrels per day (bpd), up 11% from December, data from trade sources showed. However, it only comes second to Moscow as India’s oil imports from Russia climbed to a record 1.4 million bpd in January, up 9.2% …

OPEC has raised its 2023 global oil demand growth forecast in its first upward revision for months, due to China’s relaxation of COVID-19 restrictions, and trimmed supply forecasts for Russia and other non-OPEC producers, pointing to a tighter market. Global oil demand will rise this year by 2.32 million barrels …

Iraq will dispatch 60,000 tons of fuel oil to neighboring Syria following last week’s deadly earthquakes that killed thousands. In a statement, the Iraqi government said the aid shipment will be delivered to the Syrian side through Al-Mikhtaf area in the Iraqi territorial waters. The statement said the aid shipment …