Tag Archives: Iraq

The State Organization for Marketing of Oil (SOMO) intends to increase its share in the European market amid the decline in Russian imports to the region and its need to provide alternatives. Head of SOMO, Alaa Al-Yasiri, mentioned that the work mechanisms of SOMO are focused on ensuring the marketing …

U.S. imports of crude oil from Iraq averaged 148 thousand barrels per day (bpd) in October, the Energy Information Administration (EIA) said. According to EIA’s monthly report, October imports from Iraq reached 4.588 million bpd (daily average 148 bpd). Iraq oil exports to the U.S. averaged 109 thousand bpd in …

Russian oil and natural gas companies plan to work together with Iraq, the economic adviser of the Russian embassy in Iraq told RIA Novosti. “Despite the difficult military and political situation in the country, our oil and gas companies fully fulfill the contractual terms before Iraqi partners and develop plans …

A top Russian official revealed that Moscow and Baghdad are preparing to sign a memorandum of cooperation in the field of non-energy and peaceful applications of nuclear technologies. Ilya Lobov, the economic adviser of the Russian embassy in Iraq, announced in an interview with RIA Novosti that both sides are …

The Energy Information Administration (EIA) Data showed that Iraq exported 134 bpd of oil to the United States in the past week. EIA stated in a report, “U.S. imports oil 5.357 million bpd in the past week.” The top three source countries for U.S. import oil are Canada (3.410 million …

Saudi Arabia, the UAE and Iraq boosted their crude oil shipments to China last month, strengthening their share of a market that Russia has pushed into following the invasion of Ukraine. The Middle East producers loaded almost 4 million barrels a day of crude for Chinese buyers in October. With …

Head of the technical department in the Iraqi Ministry of Oil, Ali Ward Hammoud, stated on Friday that Iraq is interested in the partnership with Russian oil companies, and called Russian companies to participate in exploring oil in new areas, according to Sputnik News. Hammoud, in a statement to Sputnik, …

Iraq seeks to boost output from the Badra oilfield operated by Russia’s Gazprom Neft, a senior official at the Iraqi Ministry of Oil Ali al-Wardi said on Saturday. Speaking to Sputnik, al-Wardi said, “we have an old contract…Gazprom continues to work pursuant to this contract. We have plans to increase …

Oil prices’ headed to a second weekly loss in a row, as fears of economic slowdown persisted and offset hopes of rising oil demand from China. But crude is gaining support from a looming European Union ban on Russian oil, as well as the recent 2 million-barrels-per-day output cut agreed …

Director of Dispatching of the National Iranian Gas Company (NIGC) Mohammad Reza Joulai announced that Iran’s gas exports to Iraq increased in the current year. Joulai met and held talks with senior officials of the Iraqi Ministry of Electricity in Isfahan province, Iran on Tuesday. Joulai highlighted in this meeting …