Iraq's Kirkuk Oil Exports to Stay Restricted

Source: Reuters 12/26/2018, Location: Middle East

Exports from Iraq’s northern Kirkuk oilfields to the Turkish port of Ceyhan will stay at between 80-90,000 barrels per day (bpd) as most of the crude produced is being diverted to feed refineries in the north, Iraq’s oil minister said.

Current production at the Kirkuk oilfields stands at around 370,000 bpd, the head of Iraq’s North Oil Company, Farid al-Jadir, told the same news conference.

Jadir also said a BP technical team was now operating in Kirkuk and would prepare a study reviewing plans for increasing production by the end of 2019.

“BP is currently working with the North Oil Company on preparing a technical study that will completely reevaluate Kirkuk production capacity and how to increase it,” he said.

“They are currently on the ground and we expect to present the final study before the end of next year before reaching an agreement with the company.”

Oil Minister Thamer Ghadhban said Iraq was in the final stages of talks with Exxon and CNPC over a mega energy project in the south and expected to sign the agreements soon.

Ghadhban said he was optimistic about reaching an initial deal soon but that he could not predict an exact date.

The deal with Exxon and CNPC will help Iraq to expand the crude loading capacity from its oil export terminals to 6.5 million bpd, the minister added.


Australia >>  6/30/2022 - • Oil lifting commencing today with record revenues anticipated
• Seismic and well testing operations delayed
• Battmin drilling program t...

Brazil >>  6/17/2022 - Petrobras, regarding the news published in the media, clarifies that by request of the Chairman of the Board of Directors, its Board of Directors held...

Canada >>  6/16/2022 - PetroTal Corp. is pleased to announce the following sales related update.

720,000 barrels of oil under contract for export from Bayovar. Ap...

United States >>  6/15/2022 - ExxonMobil released the following statement in response to a letter from President Biden.

We have been in regular contact with the adminis...


Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.