Tag Archives: Iraq

On Monday, Basrah crude oil decreased despite a stability in global oil prices. Basrah Heavy crude edged lower by $0.14 to $73.60, while Basrah Medium also rose by $0.14 to $76.77. Global oil prices remained stable, maintaining most of their gains from the previous week, which had exceeded three percent. …

Iraqi oil exports to the United States increased last week, according to the US Energy Information Administration (EIA) on Sunday. The EIA reported that the average US crude oil imports from nine key countries reached 5.554 million barrels per day (bpd) last week, down by 420,000 bpd from the previous …

On Saturday, the Iraqi Ministry of Oil announced that the country’s oil exports for the first half of 2024 have surpassed 600 million barrels. According to official statistics, total oil exports reached 618,044,445 barrels, with a monthly average of 103,007,407 barrels and a daily estimate of 3,433,000 barrels, marking a …

BP will team up with the government of Iraq to rehabilitate and develop four oil and gas fields in the northern region of Kirkuk. The two sides signed a preliminary agreement to that effect this week. The deal follows another one, signed in 2013, for the development of the giant …

Iraq’s state-owned North Oil Company has finished repairing a key pipeline linking its northern oilfields to Turkiye’s Mediterranean coast, a company source said on Wednesday. “The pipeline, repeatedly targeted by ISIS militants, is now ready to pump crude oil from Kirkuk to the Ceyhan export terminal,” the source added. However, …

Sources in the Indian oil sector revealed that in June, the country’s oil imports from Iraq dropped to their lowest points since September 2020. According to Shafaq News, Indian refineries have already reduced their imports of oil from several Middle Eastern producers that raised prices early this year. The Iraqi …

India’s imports of Iraqi crude oil plummeted in June to their lowest level since September 2020, industry data revealed this weekend. Indian refineries have been scaling back purchases from traditional Middle Eastern suppliers that raised prices earlier this year, the data showed. “Part of the reason is that they (Iraq) …

Iraqi oil exports to the United States saw a decrease last week, according to the US Energy Information Administration (EIA) on Sunday. The EIA reported that the average US crude oil imports from eight key countries reached 5.974 million barrels per day (bpd) last week, down by 70,000 bpd from …

Russia, Iraq, and Kazakhstan have submitted their compensation plans to the OPEC Secretariat for overproduced crude volumes for the first six months of 2024. According to OPEC, the entire over-produced volumes will be fully compensated for over the next 15 months through September 2025, with Russia ‘paying back’ a cumulative …

Iraq aims to utilize 70 million cubic feet per day (mmcfd) of associated gas from the Bazerkan field for power generation, targeting 250 megawatts (MW) of capacity, the Oil Ministry said on Monday. “The ministry is expediting investment in associated gas from the Bazerkan oil operations to support the power …