Oil News in Iraq

Iraq Oil Ministry : Revenues of Last February Reached to More than $7B
3/1/2023 - Ministry of Oil announced Wednesday that revenues for the month of February reached to more than $7 billion.

The ministry said that "the amount of crude oil exports for the month of Februa...
Iraq Exports Over 100 mn Barrels of Crude Oil in October 2022
11/1/2022 - The Ministry of Oil has declared the total exports and revenues of last October, based on the initial statistic of Iraqi Oil Marketing Company (SOMO), where the total exported crude oil quantities rea...
Shamaran Announces Sarsang Lifting Agreement Amendment Signed With KRG
10/4/2022 - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North Growth Market (Sweden): SNM) confirms that the Sarsang operator, on behalf of itself and the Company’s wholly-own...
Iraq's Oil Revenues in September Reach USD 9 Billion
10/1/2022 - The Ministry of Oil has declared the total exports and revenues of last September, based on the initial statistic of Iraqi Oil Marketing Company (SOMO), where the total exported crude oil quantities r...
Iraq Resumes Crude Exports from Basrah Oil Terminal
9/17/2022 - The Basra Oil Company BIC has announced that the loading and export operations from the Basra Oil Port have returned to their normal levels, where the technical and engineering teams in BOC were able ...
Iraq Exports All its Determined Quota under OPEC+ Pact
9/12/2022 - The Minister of Oil confirmed Iraq commitment to export all its determined quota in compliance with OPEC+ pact and to work with members of the organization and its allies to achieve a balance in the g...
Iraq Ministry of Oil Declares Exports over 100M Barrels of Crude oil in August
9/1/2022 - The Ministry of Oil has declared the total exports and revenues of last August, based on the initial statistic of Iraqi Oil Marketing Company (SOMO), where the total exported crude oil quantities is (...
Iraq Ministry of Oil Declares Final Statistic of Exported Crude Oil and Revenues in Last June
7/25/2022 - The Ministry of Oil declared the total exports and revenues of last June, based on the final statistic of Oil Marketing Company (SOMO), where the total crude oil exported quantities was (101) million,...
Iraq to Sign MOU to Supply Jordan with Oil
1/28/2019 - Iraqi Oil Minister Thamir al-Ghadhban said that Iraq will supply neighboring Jordan with oil in accordance with a memorandum of understanding (MOU) to be signed after the approval of both governments....
Iraq's Kirkuk Oil Exports to Stay Restricted
12/26/2018 - 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 t...
Russia's Lukoil Buys First Iraqi Kirkuk Crude since Flows Resume
12/12/2018 - The first cargo of Iraqi Kirkuk crude to change hands since flows resumed last month has been sold to Litasco, the Swiss-based trading arm of Russian oil producer Lukoil, ship-tracking data and a ship...
Iraqi Oil Minister Expects Prices to Rise Over Time
12/10/2018 - Iraqi Oil Minister Thamer Ghadhban said he expected the fall in oil prices to stop and for prices to rise over time, adding that if OPEC had not cut production, prices would have dropped to $45-50 per...
Iraq to Halt Kirkuk Oil Exports to Iran, May Resume them to Turkey
10/26/2018 - Iraq will stop trucking crude from its northern Kirkuk oilfield to Iran in November to comply with sanctions imposed on its neighbor by the United States, five sources familiar with Iraqi oil export o...
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. ...

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