Tag Archives: Iraq

The British investment site INN revealed that Iraq ranked sixth in the world as the largest oil producer, in addition to being the owner of the fifth-largest crude reserves in the world. In a report, the site said THAT Iraq ranked sixth in the world with the largest oil production …

The Iraqi Oil Marketing Company “SOMO” announced on Wednesday that Indian oil companies were the most buyers of Iraqi oil during the month of July. “The Indian companies were the most numerous among other international companies to buy Iraqi oil, by 7 out of 30 companies that bought Iraqi oil …

Iranian economic attaché in Basra said that Iraq is eager for joint investment with Iran in the technical and engineering fields, IRNA reported. Abdul-Amir Rabihavi also mentioned agriculture as the other sector in which Iraq is willing to make joint investment with Iran. He further called for changing Iran’s export …

Iraq plans to sign a memorandum of understanding with Chevron Corp. to explore for oil in the country’s southern province of Dhi Qar, according to a person familiar with the matter. The deal formalizes Chevron’s interest in exploring the eastern and western parts of Nasiriyah, the capital of Dhi Qar, …

The Iraqi Oil Minister, Ihsan Abdul-Jabbar announced today, Sunday, that 30 tankers carrying more than a million liters of fuel oil will be heading to Beirut from Iraq. Abdul-Jabbar said in a statement received by Shafaq News agency, “The new batch of fuel oil comes as part of the assistance …

The Iraqi Oil Company “SOMO” revealed, on Saturday, that oil exports to Jordan reached more than 8 thousand barrels per day during July. The company said in a tally on its website, which is viewed by Shafaq News agency, “Total oil exports to Jordan were as follows: – July: it …

The current developments and future prospects of the global oil markets were deliberated on Friday by the oil ministers of the UAE, Saudi Arabia, Kuwait, Bahrain, Oman and Iraq. This came in a conference call where the Saudi Minister of Energy Prince Abdulaziz Bin Salman Bin Abdulaziz Al Saud, Suhail …

Iraq will be forced into 100% compliance with the OPEC+ deal in August and September as the producer group loses patience with the laggard, the country’s oil minister said on Thursday. “This tolerance from OPEC won’t last long. We will be forced this month and next month to 100% compliance,” …

Iraqi Oil Ministry said on Saturday that it exported more than 85 million barrels of crude oil in July, bringing in revenues of over 3 billion U.S. dollars, Trend reports citing Xinhua. Iraq’s total exports of crude oil during 31 days of July reached 85.66 million barrels with an average …

Iraq’s crude oil exports have increased so far in July, shipping data showed and industry sources said, suggesting OPEC’s second-largest producer is still undershooting its production cut target under an OPEC-led deal. Exports from Basra and other southern Iraq terminals to July 29 averaged 2.75 million bpd, based on figures …