In light of the electricity crisis facing the country due to the recent reduction in Iranian gas supplies, Iraq revealed on Sunday the latest developments related to its gas deal with Turkmenistan, which it has been pursuing for almost a year. The Iraqi Ministry of Electricity firmly denied the allegations …
Read More »Iraq’s Oil Exports Decrease by 31,000 Barrels per Day in November
Official figures showed that Iraq’s oil exports decreased last month by over 31,000 barrels per day. Oil exports from Iraq during November reached approximately 3.29 million barrels per day compared to 3.32 million barrels per day in October, according to Attaqa News. Iraq exported 3.31 million barrels of oil per …
Read More »Syrian Oil Supply Crisis Deepens as Iraq Cuts Exports
Iraq has suspended crude oil deliveries to Syria, a member of the Iraqi parliament said on social media as quoted by BNE Intellinews. The statement coincided with one by Iraq’s foreign minister, who expressed concern about the security situation in the country that was taken over Islamist groups. “Iraq has …
Read More »Iraq Surpasses Saudi Arabia, Mexico in Weekly Oil Exports to US
The US Energy Information Administration (EIA) announced on Sunday that Iraq was the second-largest oil exporter to the United States during the past week, surpassing Saudi Arabia and Mexico. The EIA mentioned that the average US imports of crude oil during the past week from eight major countries reached approximately …
Read More »Iraq Says 15-Day Halt in Iranian Gas Cuts 5.5 GW from National Grid
Iraq’s electricity ministry said on Sunday that Iranian gas supplies had been completely halted for 15 days due to maintenance, impacting Baghdad, the central provinces, and the Middle Euphrates, resulting in the loss of 5.5 gigawatts from its national grid. It was no immediately clear when the 15 – day …
Read More »Iraq Reduces Oil Production to 3.3 Million Barrels per Day
The Iraqi Ministry of Oil said on Friday that Iraq has reduced its oil production to 3.3 million barrels per day in line with its commitment to the OPEC+ agreement. The Oil Ministry clarified in a statement that the current reduction will continue over the coming months to ensure that …
Read More »Iraq to Start Delivering Kurdish Oil to State Company
The central Iraqi government has decided to start delivering crude oil from Kurdistan to the state-owned oil company or the oil ministry, local media reported, noting that the price that Baghdad is going to pay to the regional government of Kurdistan is yet to be determined. For starters, however, Baghdad …
Read More »EIA: Surge in Iraqi Oil Exports to the US
Iraqi oil exports to the United States increased last week, according to the US Energy Information Administration (EIA.) The EIA reported on Sunday that the average US crude oil imports from ten key countries reached 5.647 million barrels per day (bpd) last week, an increase of 640.000 bpd from the …
Read More »Iraq Signs Key Gas Supply Deal with Turkmenistan to Boost Power Grid
On Saturday, Iraqi Electricity Minister Ziad Ali Fadel announced the signing of an agreement with Turkmenistan to secure a daily supply of 20 million cubic meters of gas. In a statement, Fadel emphasized that this influx of gas will play a remarkable role in enhancing the country’s electricity infrastructure, saying, …
Read More »Russia’s Lukoil Visits Baghdad to Discuss Oil Projects in Iraq
Recently, a delegation from the Russian oil corporation Lukoil visited Baghdad to meet with Iraqi Prime Minister Mohammed Shia Al-Sudani to discuss matters about the company’s activities in the country. Lukoil gave a thorough update on their current activities in Iraq’s West Qurna 2 and Eridu oil fields, emphasizing the …
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