Tag Archives: Iraq

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States increased to 300 thousand bpd in the last week. EIA stated in a report, “The United States oil exports recorded 5.751 bpd in the second week of June.” The top three source countries …

Iraq, OPEC’s second-biggest oil producer, said crude prices will be in the range of $68 to $75 a barrel in the second half. The price range is expected because of a commitment to OPEC+ output cut, Iraq’s Oil Minister Ihsan Abdul Jabbar told reporters at the Baghdad International Book Fair. …

Iraqi officials have said that the country seeks to build eight nuclear reactors to tackle a crippling power shortage in the oil-rich economy. Iraq seeks to build eight reactors capable of producing about 11 gigawatts, Aljazeera quoted Kamal Hussain Latif, chairman of the Iraqi Radioactive Sources Regulatory Authority as saying …

Iraq is working on a plan to build nuclear reactors as the electricity-starved petrostate seeks to end the widespread blackouts that have sparked social unrest. OPEC’s No 2 oil producer – already suffering from power shortages and insufficient investment in ageing plants – needs to meet an expected 50% jump …

Iran’s Oil Minister Bijan Zanganeh said his country is ready to increase gas exports to Iraq. “We are ready to increase the gas exports to Iraq,” Zangeneh said in a meeting with a visiting Iraqi delegation led by Finance Minister Ali Abdul-Amir Allawi on Saturday. In a relevant event in …

Iranian Energy Minister Reza Ardakanian, who is the chairman of the Iran-Iraq Joint Economic Committee, has said Iraq is going to transfer $125 million of its energy dues to Iran to a European bank to be paid for 16 million COVAX Covid-19 vaccines. “The necessary license has been issued to …

Iraq was reported to be Iran’s second biggest non-oil export destination for the period from 21st March to 21st May. Mehdi Mir-Ashrafi, the head of the Islamic Republic of Iran Customs Administration, is quoted as saying that Iran exported $2 billion worth of non-oil exports to China over that time, …

Iraq’s president said Sunday $150 billion from oil had been smuggled out of the country since Saddam Hussein was ousted in 2003, as he introduced a law to fight endemic corruption. President Barham Saleh presented a draft law to parliament to fight corruption, recover stolen funds and hold perpetrators to …

Several of the world’s largest oil-producing nations have recently made public plans to boost their production capacity. The reason: peak oil demand is looming and countries are determined to make the most of their oil resources while they can. “Everything that can be produced should be produced while there is …

Recent news reports were replete with Iraq declaring its willingness to invest $15 billion into new gas-focused projects that could reduce its reliance on one of Baghdad’s long-standing problems, its gas imports. Baghdad has committed to an ambitious timeline of reaching self-sufficiency by 2024-2025, with several large-scale projects being developed …