Tag Archives: Iraq

Russian energy juggernaut annoys Baghdad as it pumps in cash to restive region under crude oil purchase contract.

According to results announced by the KRG. nearly 93 percent of registered voters cast ballots in favor of independence.

The export volume is subject to increase and it will be transferred by tankers through Kermanshah. western Iran till the oil pipelines will be completed.

Iran and Iraq signed a basic agreement in February that envisaged exporting Iraqi oil through the Iranian territory .

The Persian Gulf nation aims to raise output to over 1 billion cubic meters by March from around 880 million cubic meters daily.

Iraq is Iran'.s southwestern neighbor. and its port city of Basra is located in southeast of the country at northern edge of the Persian Gulf.

Basra Gas is a joint venture between Shell. South Gas Co.. Mitsubishi Corp. and the petrochemical project Nebras.

According to Oil Minister Bijan Namdar Zanganeh. negotiations are underway with Iraq to develop three joint oilfields.

Since the Iraqi army took control of the fields in the oil-rich Kirkuk area in mid-October. reports of disruptions in oil flows have been a daily occurrence.

Iraq sold 3.29mn bpd of crude from Basrah port in the south last month. down 2% from September. according to tanker tracking.