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Oil News in Iraq

Iraq to Reduce Oil Products Imports by 25%
3/12/2018 - Mr. Jabbar Ali Al-Luiebi the minister of oil ordered to reduce the importation of the oil Derivatives by 25% to save money to the federal budget. ...
Iraq's Exports from Southern Oilfields Hit Record 3.535 mln bpd in December
1/1/2018 - Oil exports from Iraq’s southern Basra ports rose to a record high of 3.535 million barrels per day (bpd) in December from 3.5 million bpd the previous month, two oil officials said. ...
Iraq and Iran Negotiating Start Date for Kirkuk Oil Exports
12/6/2017 - The head of Iraq’s state oil marketer SOMO is currently holding talks in Iran to determine a start date for oil exports from Iraq’s Kirkuk oilfields, Iraqi Oil Minister Jabar al-Luaibi said. ...
Iran Signs Oil Swap Deal with Iraq Soon
12/3/2017 - Iran expects to sign a contract with Iraq within the next few days based on which it would swap the country’s oil produced in its Kirkuk province with equal amounts in the Persian Gulf. ...
Turkish, Iraqi Officials Discuss Resuming Kirkuk Oil Exports
11/16/2017 - A Turkish energy delegation has met with Iraqi top oil officials in Baghdad to discuss issues including the resumption of Kirkuk oil exports via the Turkish port of Ceyhan, Iraq’s oil ministry said in...
Iraq Oil Demand - September 2017
Iraq Oil Demand - September 2017 9/26/2017 - July oil demand growth in Iraq was broadly flat, with total product consumption back below the 0.7 mb/d mark at 0.67 mb/d. This data represents the slowest pace of growth so far in 2017. Product categ...
Iraq's July Oil Exports Dip on Lack of Shipments from Kirkuk
8/1/2017 - Iraq's oil exports fell to 3.230 million barrels per day in July from 3.273 million bpd in June as no shipments were made from the northern Kirkuk field, the oil ministry said. ...
Iraq Ministry of Oil Declares Oil Exports for June 2017
7/26/2017 - The ministry of oil declared the final statistics of the oil exports of the last June according to the final statistics of the Iraqi SOMO Company. The oil exports for June was (98,200,000) barrels, wh...
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...

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