Tag: Iraqi
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He revealed the details of the Iraqi oil-Iranian gas swap deal
Much ambiguity still surrounds the deal to swap Iraqi oil for Iranian gas, which was signed a few days ago, in an attempt by Baghdad to secure the fuel needed to operate power plants. It is scheduled that the crude oil-for-gas swap deal, agreed upon by Iraq and Iran earlier this week, will include a…
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Iraqi Oil Minister: The inclusion of new countries in “OPEC” enhances the stability of the global market
Iraqi Oil Minister Hayan Abdul-Ghani said that the entry of new countries into the Organization of Petroleum Exporting Countries (OPEC) aims to strengthen efforts to maintain the stability of the global market, and contributes to the generalization of benefits to all OPEC countries and investors. This came during an interview conducted by the Emirates News…
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The 2023 budget estimates the price of a barrel of Iraqi oil at $70
Iraq’s 2023 budget estimated the price of a barrel of Iraqi oil at $70, amid fears of the impact of stopping exports from the Kurdistan region on the country’s public revenues, as an international court ruling against Turkey halted the flow of 450,000 barrels per day towards the port of Ceyhan. Late yesterday, Sunday, June…
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Iraqi Oil Minister invites Aramco to participate in the development of the Crutch field (Update)
Iraqi Oil Minister Hayan Abdul Ghani invited Saudi companies, led by Saudi Aramco, to participate in the development of the Crutch field. On Thursday, May 25 (2023), the ministry published a statement explaining that the discussions with the Saudi Ministry of Energy included inviting Saudi companies to invest in the oil and gas sector. The…
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Shell faces accusations of helping Iran profit from the Iraqi energy sector
Read in this article The Iranian Mabna Company is the largest beneficiary of the Rumaila power station in Iraq The Rumaila power station is preparing to supply a project supported by Shell Mapna is evidence of Iranian penetration in the Iraqi energy sector The Shell joint venture has won wide acclaim for its important role…
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Agency: Iraqi oil exports will not exceed 3.3 million barrels per day in May
Iraqi oil exports in May 2023 are expected to remain close to last month’s levels, given the continued suspension of production in the Kurdistan Region of Iraq and exports via Turkey. Additional Iraqi oil export capacity from the southern export ports in the Persian Gulf is “limited,” a senior Iraqi oil official told S&P Global…
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Iraqi oil export revenues jump by more than $390 million in April
Iraqi oil export revenues increased by about $392 million during the month of April (2023), compared to the previous month, March. Today, Tuesday, May 2 (2023), the Iraqi Ministry of Oil issued preliminary statistics on the quantities of oil that were exported from the country, and the revenues achieved during the month of April, according…
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Iraqi Kurdistan’s oil is stacked in storage tanks after exports through Turkey stopped
Iraqi Kurdistan’s oil faces an unknown fate after Turkey halted pipeline exports, implementing a court ruling in Baghdad’s favor that ended a nearly 9-year-long case. Companies operating in the Kurdistan region of Iraq have been forced to transfer oil to storage tanks, which have limited capacity, pending the outcome of the ongoing discussions between Ankara,…
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Iraqi oil is expected to achieve a fiscal surplus of more than $24 billion in 2023
After setting the price of a barrel of Iraqi oil to be within the range of $65, the Oil, Gas and Natural Resources Committee in the Iraqi Parliament expected the country to achieve a surplus of more than $24 billion during the current year (2023). And the Oil and Gas Committee in the Iraqi Parliament…
