Tag Archives: Jabar Al Luaibi

Iraq’s Oil Minister, Ihsan Abdul-Jabbar, announced last week that the country plans to increase its oil production capacity to 8 million barrels per day (bpd) by 2029, compared to current production of around 3.8 million bpd that factors in OPEC-mandated cuts. Based on its vast oil resources there is no …

The northern refinery of Baiji was brought back online and is producing 70.000 bpd.

The country’s refining capacity is currently at more than 700.000 barrels a day.

Iraq'.s refining capacity now stood at around 670.000 barrels per day.

Iraq’s refining capacity now reached about 670.000 bpd.

Iraq’s oil minister said last month Iraq and Iran had not yet begun exchanging crude oil. for technical reasons.

Iran started swapping oil with Iraq’s Kirkuk on June 3.

Most of the shortfall has come from Venezuela. where an economic crisis has savaged the nation’s petroleum production.

Saudi Arabia has enjoyed diplomatic ties with the US for decades.

Chevron has signed a memorandum of understanding (MoU) with Basra Oil Company.