The US Energy Information Administration (EIA) has reported a decrease in Iraq’s oil exports to the United States. According to the administration’s report, Iraq’s average oil exports to the US reached 148,000 barrels per day during the past week, marking a decrease of 74,000 barrels per day compared to the …
Read More »Iraq’s Giant Halfaya Gas Project may be Finished ahead of Time
News last week from Iraq Oil Ministry sources that the first stage of a gas processing facility at the Halfaya oil field is now expected to come online ahead by early 2024, ahead of schedule, is crucial for the country’s future in three respects. First, it will go some way …
Read More »Iran Raises Natural Gas Supply to Iraq by 3-4 Times
Iranian exports of natural gas to Iraq increased significantly in April compared to earlier this year, according to a regional oil and gas analytics firm. In a report published on Saturday, the MEES quoted as saying a senior official in Iraq’s Electricity Ministry that imports of gas from Iran for …
Read More »Iraqi Oil Exports to the US Rise while US Crude Oil Imports Decline
Iraqi oil exports to the US increased by an average of 222,000 barrels per day last week, according to a report by the US Energy Information Administration (EIA) released on Sunday. The report, obtained by Shafaq News agency, also revealed that “the average US crude oil imports from nine countries …
Read More »Iraq Exports $2.03 Billion of Crude Oil to India in February
India is one of the world’s largest importers of crude oil, and it relies heavily on countries in the Middle East and Russia for its supply. According to Live Mint, India bought $2.03 billion in crude oil from Iraq in February 2023, making it the third largest exporter of crude …
Read More »Turkey may Petition US Court to Enforce $527m Arbitration Award in Iraq Oil Dispute
Turkey is considering petitioning a federal court in the United States to enforce an arbitration award amounting to hundreds of millions of dollars that it won against Iraq, amid a dispute over crude oil exports Ankara received from Iraq’s autonomous northern Kurdish region. Almost nine years after Iraq began suing …
Read More »Iraq’s Northern Oil Exports Stuck due to Turkey Negotiations
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 …
Read More »Iraq’s Oil Exports still Seeing 450,000 bpd Hiccup
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 …
Read More »Iraq Asks U.S. Court to Enforce Ruling against Turkey over Oil Exports
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 …
Read More »Iraqi Oil Exports to Jordan Stop
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 …
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