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 …
Read More »India’s Russian Oil Imports Now Double of Iraq
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 …
Read More »EIA: Iraq’s Oil Exports to the US Increased Last Week
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 …
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