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Oil News in Iraq

Iraq Oil Demand - June 2017
Iraq Oil Demand - June 2017 6/21/2017 - Strong oil demand in the first four months of 2017 has been observed in Iraq; all main petroleum product categories registered double-digit percentage y-o-y growth, which was notably solid in crude di...
Iraq Declares the Primary Statistics of Oil Exports for April 2017
5/7/2017 - The ministry of oil declared the primary statistics of the exported Iraqi crude oil and the outcome for April 2017 according to SOMO Company. The oil exports for April was (97,574,813) barrels, while ...
Iraq Exports First Shipment of Crude Oil to Egypt
5/4/2017 - The ministry of oil declared the exportation of the first shipment of crude oil which was (2) million barrels to Egypt through the southern ports. ...
Rosneft and KRG Signed an Oil Deal
2/21/2017 - Rosneft and the Kurdistan Regional Government of Iraq signed a Cooperation Agreement in the fields of upstream, infrastructure, logistics and trading. The document was signed on the sidelines of the I...
Iraq & Iran Signs MOU for Joint Cooperation
2/21/2017 - Mr. Jabbar A. Allibi the minister of oil signed a memorandum of understanding with his Iranian counterpart Mr. Beigin Zangana to establish joint committees to finish some of the important cases. ...
Iraq's Basra Oil Export Terminal Resumes Loadings after 24 hour Halt
2/9/2017 - Iraq's main oil export terminal, off the southern city of Basra, resumed loading after a 24-hour halt because of work to install a new pipeline feeding the facility, an executive at state-run South Oi...
Middle East Oil Demand - January 2017
Middle East Oil Demand - January 2017 2/7/2017 - Oil demand in Saudi Arabia dropped sharply in November by a massive 0.29 mb/d, or 12.0% y-o-y. As a result, total product consumption dropped as low as 2.16 mb/d, the lowest monthly total recorded for...
Iraq to Double Oil Export Capacity at Terminal to 1.2 million bpd
1/26/2017 - Iraq has started work to double the crude oil loading capacity at one of its two southern offshore oil export terminals to 1.2 million barrels per day, state-run South Oil Company (SOC) said. ...
Iraq Relations with Turkey Will Be Developed Positively
1/11/2017 - Mr. Jabbar A. Allibi the minster of oil expected a fast development in the bilateral relations between Iraq and Turkey during the next period in the oil & energy sector. ...
Iraq Plans Record February Basra Oil Exports Despite OPEC Cut in Force
1/10/2017 - Iraq plans to raise crude exports from its southern port of Basra to an all-time high in February, keeping exports high even as OPEC production cuts take effect this month. ...
Iraqi PM Says Kurds Exporting More Oil than Allocated
1/3/2017 - Iraq Prime Minister Haider al-Abadi said the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an OPEC output cut. ...
Iraq Boosts Oil Sales to China, U.S., India before OPEC Supply Cuts Bite
12/16/2016 - Iraq is selling more crude oil to its biggest customer, China's Unipec, people familiar with the matter say, digging a deeper foothold in the global supply market just before production cuts agreed wi...
Petrofac Secures US$75M Contract with South Oil Company
12/14/2016 - Petrofac has secured a contract worth US$75 million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP). The one-year contract, with a one-year option, was awarded fo...
OPEC Crude Oil Production - October 2016
OPEC Crude Oil Production -  October 2016 10/16/2016 - According to secondary sources, OPEC crude oil production averaged 33.39 mb/d in September, an increase of 0.22 mb/d over the previous month. Crude oil output increased mostly from Iraq, Nigeria and L...
Iraq Plans to Trim Basra Crude Exports in November 2016
10/11/2016 - Iraq plans to trim crude oil exports from its southern ports to 3.24 million barrels per day (bpd) in November from 3.28 million bpd planned for the previous month, two trade sources said. ...
Iraq, Kurdistan Jointly Export Kirkuk Oil Again
9/1/2016 - Iraqi state oil firm SOMO and Iraq's semi-autonomous region of Kurdistan have begun jointly exporting crude from the giant Kirkuk oilfield again after cutting a preliminary deal on revenue-sharing, tr...
Oil Exports from Iraq's Southern Ports up from July
8/26/2016 - Oil exports from Iraq's southern ports have averaged 3.205 million barrels per day (bpd) so far in August, exceeding the average level seen in July, two officials from state-run South Oil Company said...
Kurds Ready for New Oil Deal with Baghdad
6/15/2016 - Iraq's Kurds said they are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports if it guarantees them monthly revenue of $1 billion, more than double w...
Idle Pipeline almost Halves North Iraq February Oil Exports
3/7/2016 - Oil exports from northern Iraq nearly halved in February due to the ongoing outage of a pipeline to Turkey, wiping $350 million off the cash-strapped Kurdistan region's revenues as it battles Islamic ...
Iraqi Kurdistan Agrees to Oil Deal with Baghdad
2/16/2016 - The deputy prime minister of Iraqi Kurdistan said a dispute with Baghdad over oil sales could easily be resolved if the federal government agreed to cover the region's bloated public payroll, includin...

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