Indian state refiner Hindustan Petroleum Corp (HPCL.NS) will lift 45% more oil from Iraq this year to meet its expanded refining capacity, sources familiar with the matter said. The refiner will buy 3.2 million tonnes or about 64,000 barrels per day (bpd) from Iraq this year, up from 44,000 bpd …
Read More »Iraq Has the World’s Fifth-Largest Oil Reserves
Iraq ranks fifth among the countries with the largest crude reserves in the world in 2021, a CNBC survey said. According to CNBC, Venezuela ranked first with a reserve of 303.8 billion barrels, followed by the regional rivals Saudi Arabia and Iran with 258.6 and 208.6 billion barrels, respectively. Iraq, …
Read More »Iraq’ Oil Exports to the United States Increased in Last Week
The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States increased to 317 thousand bpd in the last week. EIA stated in a report, “The United States oil exports recorded 5.153 bpd in the first week of January.” The top three source countries …
Read More »EIA: US Imports of Iraqi Crudes Declined Last Week
The US Energy Information Administration (EIA) said on Sunday that Iraqi crude oil exports to the US dropped to 226 thousand barrels per day (bpd) during the past week. According to a report released by the EIA, “The United States imported crude oil from Iraq at a rate of 226 …
Read More »Iraqi Oil Exports to China Decreased by 49,6% in December 2021
The Chinese customs department revealed that Iraq’s oil export to China had dropped in December 2021. The department’s statist showed that Iraq’s oil export decreased by 49,6% reaching 3.826 million barrels. However, the exports were up by 79.7% from the same month last year (2.130 million barrels). Iraqi oil export …
Read More »Iraq’ Oil Exports to the United States Dropped in the Past Week
The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq exported 268 million bpd of oil to the United States in the past week. EIA stated in a report, “U.S. imports oil 6.170 million bpd in the past week.” The top three source countries of U.S. import oil are …
Read More »Iraq to Raise Oil Exports to 3.3 Million bpd in January 2022
Iraq will scale up oil exports in January to 3.3 million barrels per day (bpd), Minister of Oil Ihsan Abdul-Jabbar Ismail said. Ismail’s remarks came during a press conference he held earlier today, Thursday. The Minister explained Iraq is committed to OPEC’s gradual production raises of 40,000 barrels to its …
Read More »EIA: U.S. Upscale Crude Imports from Iraq
Despite its decreased appetite, U.S. imports of crude oil from Iraq jumped to 359 thousand barrels per day (bpd) last week, the Energy Information Administration (EIA) said this weekend. In its weekly report on U.S. oil imports, EIA said that the U.S. imports averaged 5.234 million bpd this week, down …
Read More »Iraq Yields +8 Billion Dollars from Crude Sales in November
Iraq collectively grossed more than eight billion dollars from oil sales last November, according to a survey by the state oil marketer, SOMO. Crude oil exports amounted to 98,192,317 barrels, yielding 7,610,850,000 dollars, SOMO survey said. Exports from oilfields in mid and south Iraq were 95,860,149 barrels, while Kirkuk oilfields, …
Read More »Iraq to Drill a New Oil Well in Maysan
Iraqi drilling company has started boring a new oil well in the Maysan governorate in the south of Iraq, the State-owned company said in a press release on Saturday. The company said it deployed the 2,000 HP “IDC-23” drilling device to reach 3,290 meters depth in the new well named …
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