Tag Archives: Iraq

Iraq’s Ministry of Electricity says it will settle its debts for 2020 gas purchases from Iran “within two days,” as part of measures to avoid a halt in the flow of much-needed gas into the Arab country. In a statement carried by the Iraqi News Agency on Tuesday, Ahmed Musa, …

The U.S. crude imports from Iraq averaged 196 thousand barrels per day (bpd) last week, the Energy Information Administration (EIA) said this weekend. In its weekly report on U.S. oil imports, EIA said that the U.S. net oil imports averaged 5.497 million bpd last week, down by 64 thousand bpd …

U.S. crude oil imports from Iraq averaged 294 thousand barrels per day (bpd) in May, the Energy Information Administration (EIA) said in its monthly report. According to the report, May imports from Iraq amounted to 9.114 million barrels, up from 5.52 million barrels (average 184 bpd). Iraq’s oil exports to …

U.S. imports of crude oil from Iraq last week averaged 326 thousand barrels per day (bpd), the Energy Information Administration (EIA) said this weekend. In its weekly report on U.S. oil imports, EIA said that the U.S. net oil imports averaged 5.561 million bpd last week, down by 325 thousand …

The Iraqi Ministry of Oil said on Friday (June 3) the country’s oil production will climb to 4,580,000 barrels per day (bpd) as of July after an agreement with OPEC+, state media reported. Ministry spokesman Aasem Jehad said per the agreement, Iraq’s rate or production will increase by 71,000 bpd, …

Iraq’s oil output will reach 4.580 million barrels per day as of July following an OPEC+ decision to increase production, an Iraqi Oil Ministry spokesperson said on Friday, according to the state news agency. “Production increase will be at a rate of 70,000 bpd,” spokesman Aasem Jehad said, noting that …

The Iraqi Oil Marketing Company “SOMO” announced that the Chinese oil companies are the top buyers of Iraqi oil during April 2022. According to SOMO statistics, 34 international companies bought Iraqi oil the last April. China ranks first with eight companies, followed by India (seven companies), while the USA ranks …

Tensions are rising between Baghdad and Kurdish officials in the semi autonomous Kurdistan Regional Government in Northern Iraq as Iraq’s Oil Ministry prepares to take control of the Kurdish oil sector, including contracts with foreign companies. On Saturday, the Iraqi Oil Ministry announced plans to create a new national oil …

Iraq’s efforts to control revenue collected by the Kurdistan Regional Government (KRG) have extended to requests for oil and gas firms operating in the semi-autonomous region to sign new contracts with state-owned marketer SOMO rather than the KRG. Oil Minister Ihsan Ismael on May 7 said Iraq’s oil ministry would …

Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oil fields and led to an exodus of international oil majors that Baghdad wants to invest in its creaking economy. Since the start of 2021, plans by Russia’s Lukoil and U.S. …