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2016-09-01 18:40:00

IRAQ & KURDISTAN DEAL

IRAQ & KURDISTAN DEAL

TOGY wrote, Iraq and the Kurdistan Regional Government (KRG) have reportedly reached a deal on crude exports from Kirkuk, a Kurdish official was quoted as saying on Wednesday.

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.

Soon after newly installed Iraqi Oil Minister Jabar Ali Al Luaibi was installed earlier this month, the Ministry of Oil's North Oil Company (NOC) resumed transporting oil from its northern fields via a pipeline controlled by KRG. While the move was widely interpreted as a sign of good faith, Al Abadi later in August said the move was prompted by the need to preserve the Kirkuk field's reservoirs, as NOC had been re-injecting oil that would normally be exported.

In the run-up to the oil talks, Baghdad had been strong-arming the KRG by suggesting it could look into exporting Kirkuk crude via Iran, an idea previously floated by the KRG itself. On Tuesday, Iraq's Oil Marketing Company blacklisted three oil tankers known to have carried crude for KRG.

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Earlier: 

IRAQ SUPPORTS PRICES 

IRAQ WANTS MORE 

IRAQ RESTART INVESTMENT 

IRAQI OIL: 4.6 MBPD 

IRAQ'S OIL UP TO 3.2 MBPD

Tags: IRAQ, KURDISTAN, OIL, PRODUCTION
IRAQ & KURDISTAN DEAL September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

IRAQ & KURDISTAN DEAL September, 20, 09:00:00

GAS PRICES UP TO $3.146

IRAQ & KURDISTAN DEAL September, 20, 08:55:00

ЦЕНА URALS: $51,81591

IRAQ & KURDISTAN DEAL September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

IRAQ & KURDISTAN DEAL September, 20, 08:45:00

RENEWABLE'S FUTURE

IRAQ & KURDISTAN DEAL September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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Chronicle:

IRAQ & KURDISTAN DEAL
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

IRAQ & KURDISTAN DEAL
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

IRAQ & KURDISTAN DEAL
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

IRAQ & KURDISTAN DEAL
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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