Tag Archives: SHAFAQ News

U.S. imports of crude oil from Iraq last week averaged 226 thousand barrels per day (bpd), 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 5.910 million bpd last week, down by 77 thousand bpd from …

Indian Oil Corp (IOC), the country’s top refiner, will increase crude purchases from Iraq by 11.5% in 2022 to 390,000 barrels per day (bpd), partly to make up for a shortfall from Mexico and a possible supply cut from Kuwait, two sources familiar with the matter said. Iraq is the …

The head of the energy committee in the Kurdistan Region, Ali Hama Salih, confirmed that the region is planning to export gas to Turkey in 2025. Hama Salih said that the Region’s gas reserves are estimated at 5.7 trillion cubic meters, 85% of which are in six main fields distributed …

US imports of crude oil from Iraq averaged 434 thousand barrels per day (bpd) last week, the Energy Information Administration (EIA) said on Sunday, amid a growing appetite for the black gold during the same period. In its weekly report on U.S. oil imports, EIA Said that the U.S. imports …

The Kurdistan Region sits upon the world’s seventh-largest gas reserves-one rank behind Saudi Arabia, member of Kurdistan’s Parliament Ali Hama Saleh said on Saturday, citing the benefits of the Region’s future replacement of oil if exploited properly. “The Kurdistan Region, in comparison to the world’s countries, enlists as the seventh-largest …

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 …

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, …

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 …

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 …

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 …