Chinese state-owned energy company Sinopec has signed a deal to develop the Mansuriyah gas field in Iraq, the country’s oil ministry said last week. The field is estimated to have gas reserves of 4.5 trillion ft3 and is expected to produce 300mn ft3/day of gas. Sinopec will have a 49% …
Read More »EIA: US Continue to Upscale Iraqi Crude Imports
US imports of crude oil from Iraq averaged 434 thousand barrels per day (bpd) last week, the Energy Information Administration (EIA) said on Sunday, amid a growing appetite for the black gold during the same period. In its weekly report on U.S. oil imports, EIA Said that the U.S. imports …
Read More »Turkey Restarts Ruptured Iraq Oil Link Following Explosion
Turkey’s state oil operator said on Wednesday it had resumed crude flows through a ruptured pipeline linking Iraqi energy fields with international markets. Tuesday’s blast along the Kirkuk-Ceyhan link in southern Turkey contributed to a rise in international crude oil prices to a seven-year high. The pipeline normally carries more …
Read More »India’s HPCL to Raise Iraqi Oil Imports by 45% in 2022
Indian state refiner Hindustan Petroleum Corp (HPCL.NS) will lift 45% more oil from Iraq this year to meet its expanded refining capacity, sources familiar with the matter said. The refiner will buy 3.2 million tonnes or about 64,000 barrels per day (bpd) from Iraq this year, up from 44,000 bpd …
Read More »Iraq Has the World’s Fifth-Largest Oil Reserves
Iraq ranks fifth among the countries with the largest crude reserves in the world in 2021, a CNBC survey said. According to CNBC, Venezuela ranked first with a reserve of 303.8 billion barrels, followed by the regional rivals Saudi Arabia and Iran with 258.6 and 208.6 billion barrels, respectively. Iraq, …
Read More »Iraq’ Oil Exports to the United States Increased in Last Week
The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States increased to 317 thousand bpd in the last week. EIA stated in a report, “The United States oil exports recorded 5.153 bpd in the first week of January.” The top three source countries …
Read More »Iraq Refinery Project Marks First Use of Honeywell UOP Technology
Honeywell has announced that the Lanaz Company, a compaany based in Kurdistan region of Iraq, will use UOP modular naphtha hydrotreating and fixed-bed Platforming process units to upgrade its refinery in Iraq so it can produce more cleaner-burning transportation fuels. The project marks the first use of UOP modular technology …
Read More »EIA: US Imports of Iraqi Crudes Declined Last Week
The US Energy Information Administration (EIA) said on Sunday that Iraqi crude oil exports to the US dropped to 226 thousand barrels per day (bpd) during the past week. According to a report released by the EIA, “The United States imported crude oil from Iraq at a rate of 226 …
Read More »Iraqi Oil Exports to China Decreased by 49,6% in December 2021
The Chinese customs department revealed that Iraq’s oil export to China had dropped in December 2021. The department’s statist showed that Iraq’s oil export decreased by 49,6% reaching 3.826 million barrels. However, the exports were up by 79.7% from the same month last year (2.130 million barrels). Iraqi oil export …
Read More »Iraq’ Oil Exports to the United States Dropped in the Past Week
The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq exported 268 million bpd of oil to the United States in the past week. EIA stated in a report, “U.S. imports oil 6.170 million bpd in the past week.” The top three source countries of U.S. import oil are …
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