Tag Archives: Middle East

The Qayara oil field was shut-in for years until last year. due to the war with Islamic State.

American LNG is facing strong competition from Russian pipeline gas.

Iraq has continued to flare some of the gas extracted alongside crude oil at its fields because of lacks of facility.

Crude oil exports from southern Iraq are close to a record-high so far in September.

For Iraq. which did $12 billion in trade with Iran last year. the impact would be particularly dire.

Iraq had oil reserves of 153 billion barrels as of last year.

Trade between Turkey and Iraq has been interrupted many times due to problems in Northern Iraq with the Kurdistan Regional Government (KRG).

Despite the lower purchases. Iran remained the third biggest oil supplier to India in August.

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

Iran has discussed trade in national currencies with Russia and Turkey in order to reduce the impact of U.S. dollar.