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All publications by tag «IRAQ»

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2016, September, 1, 18:40:00

IRAQ & KURDISTAN DEAL

Iraqi Prime Minister Haider Jawad Kadhim Al Abadi and his Kurdish counterpart, Nechirvan Barzani, have agreed to split the proposed export volume of 150,000 bopd from Kirkuk’s Baba Gorgor and Khabbaz fields between them. On Tuesday, Kurdish news outlet Rudaw also claimed an agreement on Kirkuk oil had been reached.

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2016, August, 31, 18:55:00

IRAQ SUPPORTS PRICES

“We support freezing oil production by OPEC due to the sharp decline of oil prices,” Mr. Abadi said at a news conference, saying it would help government-salaried oil-industry workers.

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2016, August, 24, 18:45:00

IRAQ WANTS MORE

Iraq, which depends on oil sales for 95 percent of its public spending, appears set to continue boosting production, which currently stands at around 4.6 million barrels per day.

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2016, August, 19, 18:55:00

SHAKY MARKET BALANCE

Prices have struggled to go much higher than $50 a barrel. After the longest run of gains since March, Brent crude, the international benchmark, traded 0.9 percent higher at $51.17 at 7:13 a.m. in London on Friday.

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2016, August, 12, 18:35:00

IRAQ RESTART INVESTMENT

As a result of the investment, Iraq's crude output should increase by 250,000-350,000 barrels per day next year, the Iraqi officials said. The country now produces about 4.6 million bpd, most of it from the southern region.

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2016, August, 9, 18:45:00

IRAQI OIL: 4.6 MBPD

The OPEC member pumped 4.632mn barrels of crude oil per day in July compared with 4.559mn bpd in June, state-run Oil Marketing Company (SOMO) said in a recent statement.

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2016, August, 1, 19:00:00

IRAQ'S OIL UP TO 3.2 MBPD

Iraq reaped $3.744 billion from oil exports in July, Oil Ministry spokesman Asim Jihad said in a statement. He said average production for the month was over 3.202 million bpd.

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2016, March, 22, 18:45:00

IRAQ'S FIRST GAS EXPORT

In November 2011, Iraq signed a $17 billion deal to form a joint venture to gather, process and market gas from three oil fields in the oil-rich province of Basra. The fields are the 17.8 billion-barrel Rumaila, the 4.1 billion barrel Zubair field and the 8.6 billion barrel West Qurna Stage 1.

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2016, February, 20, 20:50:00

THE HIGHEST INDIAN OIL

India's oil imports from Saudi Arabia and Iraq hit the highest in more than a decade last month as OPEC's top producers gained at the expense of Latin American crudes, a validation of the OPEC policy of maintaining output and fighting for market share.

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2016, January, 17, 15:25:00

IRAQ OIL: 3.3 MBD

Iraq's exports from its southern region have been running at an average daily rate of 3.297 million barrels per day (bpd) so far this month, higher than December's average and unaffected by tribal clashes, an oil company executive said on Saturday.

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