Tag Archives: Iraq

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.

Iraq is holding talks with Iran to truck 15.000 bpd of Kirkuk crude to Iran’s Kermanshah refinery.

To cope with Basra crude surplus in the United States. traders have slowed ships and stored some cargoes off the Gulf Coast. shipping data on Eikon showed.

OPEC’s de facto leader. Saudi Arabia. needed to hit the $60 benchmark in order to feel safe in authorizing its state-run firm. Saudi Aramco’s. initial public offering.

Iraq has to pay 850 million dollars to Iran for exports of electricity.

The North Oil Company (NOC) has stopped feeding crude oil into the export pipeline.

On Friday. Kurdish and Iraqi pro-government forces which had fought battles as Baghdad took over Kirkuk and other disputed areas announced a ceasefire.

The September 25 independence referendum in oil-rich regions of Iraqi Kurdistan and Kirkuk led to a military operation driven by the Iraqi government forces.

Iraqi oil ministry officials have said they were hoping to bring output back to normal by Sunday but it has not happened yet.