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Oil News in Iraq

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. ...
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...

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