U.S. imports of crude oil from Iraq averaged 140 thousand barrels per day (bpd) last month, the Energy Information Administration (EIA) said on Saturday. In its monthly report on U.S. oil imports, EIA said that the U.S. imports from Iraq grossed 4.192 million barrels in November at a rate of …
Read More »Iraq doesn’t have Expectations about Outcome of OPEC+ Meeting
Iraq does not have any expectations about the outcome of the Dec. 2 meeting of OPEC+ ministers, the country’s oil minister told the state-run Iraqi News Agency, as the 23-member coalition is set to assess the impact of the oil price crash on Nov. 26, a new COVID variant and …
Read More »Iraq’ Oil Exports to the United States Decline in the Second Week of November
The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States decreased to 42 thousand bpd. EIA stated in a report, “The United States oil exports recorded 5.442 bpd in the second week of November.” The top three source countries of U.S. import oil …
Read More »Iraqi Ministry of Oil Stresses Iraq’s Need for more Investments
Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail stressed today the importance of attracting new investments, especially in projects that achieve sustainable development for Iraq and clean energy. The minister’s statement came during his participation in the ADIPEC exhibition in Abu Dhabi. Ismail said that the oil sector needs more investments, financing …
Read More »West Qurna-2 Produces Its One-Billionth Barrel of Oil
Iraq’s West Qurna-2 oilfield has just produced its one-billionth barrel of oil. At a ceremony to mark the event, which was attended by Lukoil President Vagit Alekperov, Oil Minister Ihsan Abdul Jabbar said the field started with production of 220,000 bpd, rising to 400,000 bpd, with plans for peak production …
Read More »Iraq to Start Developing Akkas Gas Field to Pave Way for Foreign Investments
Iraq will start developing the Akkas gas field in an initial stage to pave the way to attract foreign investments, the oil ministry said Nov. 13, as OPEC’s second biggest producer seeks to boost its gas output. State-run Iraqi National Oil Co. discussed during a meeting plans to nationally operate …
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 187 thousand bpd in the last week. EIA stated in a report, “The United States oil exports recorded 5.319 bpd in the first week of November.” The top three source countries …
Read More »EIA: US Imports of Iraqi Crudes Dropped Last Week
The US Energy Information Administration (EIA) said on Sunday that Iraqi crude oil exports to the US dropped to 4.901 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 155,000 bpd. …
Read More »Petrofac Expects Significant Upside Potential on Return to Iraq
Oil services company Petrofac has said it is “anticipating significant upside potential upon return to markets in Saudi Arabia, Iraq and the UAE”. In 2019, customers in Iraq and Saudi Arabia suspended Petrofac from bidding on new contracts, while allowing it to execute pre-existing contracts, followed by a UAE customer …
Read More »Iraq to Invest $3bn a Year to Switch from Liquids to Gas-Powered Generation
Iraq, OPEC’s second-largest producer, plans to invest $3 billion annually to replace the burning of liquids at its power plants with natural gas, the country’s deputy minister said. “We’re also drawing policies to stop burning accompanying gas [flared gas] that will stop for good by 2025,” said Ali Allawi, who …
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