Tag Archives: Iraq

Iraq warned that oil demand will probably rise as the supply crunch in natural-gas markets forces consumers to look for alternative fuels, echoing the views of fellow OPEC member Nigeria. “There is some new concern,” Iraqi Oil Minister Ihsan Abdul Jabbar said in an interview. Iraq is ready to pump …

On Tuesday, the Chinese customs data showed that Iraq was the third supplier of crude oil to China in August. The data of the General Administration of Customs in China revealed that the largest suppliers to China in August were as follows: (from the largest) Saudi Arabia: 8.06 million tons …

OPEC and its allies will try to keep oil prices at $70 per barrel in the first quarter of 2022, Iraq’s oil minister said, adding the group is expected to stick to its current production accord when it meet in October “if prices remain stable”. Iraq total oil exports, including …

U.S. imports of crude oil from Iraq averaged 56,000 barrels per day (bpd) last week, the Energy Information Administration (EIA) said on Sunday, amid a drop in its appetite during the same period. In its weekly report on U.S. oil imports, EIA Said that the U.S. imports averaged 4.88 million …

When it comes to pricing its crude, Iraq’s tried and tested approach has long been to closely follow whatever Saudi Arabia does. Next month, Baghdad is deviating from that path — posing an intriguing question as to why — by announcing sharp cuts, writes Bloomberg oil strategist Julian Lee. Iraq …

Iraq cut the price of its banner crude for U.S. customers sharply, a bold deviation from what Saudi Arabia chose to do with its own barrels just a few days ago. The nation’s Basrah Light barrels will be sold at a discount of $1.15 per barrel to a regional benchmark …

Iraq’s Oil Minister Ihsan Abdul Jabbar announced Saturday that Iraq would rely on green energy to invest in gas and produce renewable energy. During his participation at a workshop organized by the International Energy Organization (IEA), the Minister stressed the government and ministry’s keenness on supporting clean energy projects. This …

French energy giant Total Energies and the Iraqi ministries for oil and electricity along with the country’s National Investment Commission have signed major agreements, worth $27 billion, covering several projects in the Basra region, designed to enhance the development of Iraq’s natural resources and to improve the country’s electricity supply. …

U.S. imports of crude oil from Iraq averaged 106,000 barrels per day (bpd) last week, the Energy Information Administration (EIA) said on Sunday, amid a drop in its appetite during the same period. In its weekly report on U.S. oil imports, EIA Said that the U.S. imports averaged million 4.985 …

Under the sponsorship of the Iraqi Prime Minister Mustafa Al-Kadhimi, the agreement for optimal investment projects for associated gas and developing oil fields between the Iraqi Oil Ministry and the French Total was signed today. The agreement includes, according to a statement by Al-Kadhimi’s office, “three contracts between the Iraqi …