Tag Archives: Iraq

The Kurdish Parliament said that the Federal Court’s decision regarding the oil and gas law is a “serious blow to the Iraqi federal system and the rights of citizenship.” In a statement, the Parliament confirmed that the Federal Court’s decision “violates the foundations of the federal system and the Iraqi …

Iraq has struggled to attract major fresh investments into its energy industry since signing a flurry of post US-invasion deals over a decade ago A $27-billion deal between France’s TotalEnergies and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over …

U.S. imports of crude oil from Iraq last week averaged 226 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. imports averaged 5.910 million bpd last week, down by 77 thousand bpd from …

Indian Oil Corp (IOC), the country’s top refiner, will increase crude purchases from Iraq by 11.5% in 2022 to 390,000 barrels per day (bpd), partly to make up for a shortfall from Mexico and a possible supply cut from Kuwait, two sources familiar with the matter said. Iraq is the …

Iraq is already scheduling crude oil shipments for delivery in March thanks to strong demand, the deputy head of the State Organization for the Marketing of Oil, or SOMO, told media in Baghdad, as quoted by Reuters. Ali Nizar also told media that Iraq’s oil exports were stable this month …

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% …

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 …

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 …

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 …

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, …