Tag Archives: Iraq

Kirkuk’s oilfields had been under Kurdish control since 2014.

The oil ministry has put together plans to rehabilitate the Iraq-Turkey Pipeline.

Previous bidding rounds had specific contract models that covered costs and paid a remuneration fee for production.

Federal police forces had pulled out from the province amid reports about an imminent attack by the Daesh terrorist group.

The two sides are expected to discuss resumption of export of Iraqi oil through the port of Ceyhan. on Turkey'.s eastern Mediterranean coast.

Production of all west Karoun oilfields which was 70.000 barrels a day reached over 300.000 barrels.

Kirkuk is one of the largest oilfields in the Middle East. estimated to contain around nine billion barrels of recoverable oil.

Iraq has resumed transporting oil products by rail from the Dawra refinery in Baghdad to Basra in the south which was halted after the 2003 U.S.-led invasion.

Iraq in December 2017 earned around US$6.5 billion from crude sales. at US$59.3 per barrel.

The Kirkuk refinery will provide oil derivatives with high quality specifications. such as high octane gasoline and other derivatives.