Tag Archives: Iraq

Iran has slashed the amount of natural gas it exports to Iraq and threatened further cutbacks over unpaid bills, increasing the likelihood of more electricity shortages in Baghdad and other major cities. Iraq has been receiving 5 million cubic meters a day since Iran cut its daily exports from 50 …

Turkey has reportedly begun to export electricity to Iraq. According to Anadolu Agency, Turkey’s Energy Market Regulatory Authority (EMRA, EPDK) started supplying Iraq on Monday at a rate of 150 MW, through the Silopi-Zakho transmission line. The deal is due to run until 1st November, 2021.

Iraq, OPEC’s second largest producer, plans to boost the capacity of its southern oil export facilities by 72% to 6 million b/d after 2023 and wants to build storage tanks to help reach that target, a deputy oil minister said Dec. 26 Iraq will construct 24 storage tanks with a …

Iraq aims to increase crude oil export capacity from its southern ports to 6 million barrels per day from the current 3.5 million barrels a day capacity, Karim Hattab, deputy oil minister for distribution affairs said in a statement. Hattab said the increased capacity would be after 2023 and that …

OPEC announced, on Tuesday, that Iraq is the country that has reduced its oil production the most, while Libya was the most productive country in the organization in November 2020. The organization said in its monthly report, “total OPEC-13 crude oil production averaged 25.11 million barrels per day in November …

Iraq is poised to sign a multibillion-dollar contract with China ZhenHua Oil Co., a bailout from Beijing for the cash-strapped government which will receive money upfront in exchange for long-term oil supplies. The deal is the latest example of China, via state-controlled trading companies and banks, lending to struggling oil …

Iraq is committed to all OPEC+ production cut agreements that help contain the volatility in oil prices because OPEC’s second largest oil producer seeks higher prices for its crude exports, the country’s oil minister said Dec. 6. Ihsan Ismaael said in an oil ministry statement that oil prices are expected …

The Iraqi Ministry of Oil announced on Sunday that the meeting and the celebration marking the establishment of OPEC and OPEC + would be postponed until next February, after positive developments regarding the COVID-19 vaccine. “The ministry decided to postpone the meeting and the celebration marking the 60th anniversary of …

The Iraqi Oil Minister, Ihsan Abdul-Jabbar, announced on Sunday that the country will, for the first time, export three types of oil. Abdul-Jabbar said during a conference, “the price of 42 dollars per barrel was approved in the budget for next year”, noting that oil prices began to recover after …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq did not export oil to the United States in the past week. EIA stated in a report, “Iraq oil exports dropped to zero bpd in the fourth week of November, compared to 197 thousand bpd in the week before.” …