Tag Archives: SHAFAQ News

OPEC basket price dropped today, Tuesday, to 41.49 dollars due to weak demand after a new of wave of Covid-19. OPEC said in a statement received by Shafaq News agency that “the price of OPEC’s basket of thirteen barrels of crude decreased by 1.49 dollars to record 41.49 dollars per …

Oil Minister, Ihsan Abduljabbar announced today, Sunday, that the ministry is planning to raise the production capacity of Baiji refineries to 280,000 barrels/day. Abduljabbar said in a statement received by Shafaq News agency, “the ministry’s plans aim to increase production from northern refineries to 280,000 barrels per day”, stressing, “in …

The British investment site INN revealed that Iraq ranked sixth in the world as the largest oil producer, in addition to being the owner of the fifth-largest crude reserves in the world. In a report, the site said THAT Iraq ranked sixth in the world with the largest oil production …

The Iraqi Oil Marketing Company “SOMO” announced on Wednesday that Indian oil companies were the most buyers of Iraqi oil during the month of July. “The Indian companies were the most numerous among other international companies to buy Iraqi oil, by 7 out of 30 companies that bought Iraqi oil …

Oil prices rose today, Wednesday, to more than 2%, after a drop in US oil and gasoline inventories last week. Data from the American Petroleum Institute showed that stocks of both crude oil and gasoline in the United States recorded a larger-than-expected drop last week, while distillate stocks rose. Crude …

The Iraqi Oil Minister, Ihsan Abdul-Jabbar announced today, Sunday, that 30 tankers carrying more than a million liters of fuel oil will be heading to Beirut from Iraq. Abdul-Jabbar said in a statement received by Shafaq News agency, “The new batch of fuel oil comes as part of the assistance …

The Iraqi Oil Company “SOMO” revealed, on Saturday, that oil exports to Jordan reached more than 8 thousand barrels per day during July. The company said in a tally on its website, which is viewed by Shafaq News agency, “Total oil exports to Jordan were as follows: – July: it …

The Iraqi Oil marketing company (SOMO) denied, on Thursday, that it exceeded OPEC+ target for oil exports for July. The state company issued a statement in response to the article “Iraqi oil exports in July above OPEC+ target within 20 days only” published by “Attaqa website”. “The Oil Marketing Company …

The United States, the Iraqi government, and the Gulf Cooperation Council have reiterated their full support for a project linking the electricity networks between the latter and Iraq. In a statement to the US State Department, Washington said it is, “committed to facilitating this project and providing support when needed”. …

Hamid Hosseini , the spokesman for the Iranian Oil Derivatives Exporters said that about 1500 megawatts of electrical energy and 30 million cubic meters of gas per day have been exported to Iraq. “In light of Iraq’s need for electricity in summer, America was forced to extend the waiver of …