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Tag: Iraqi Oil Exports

Iraqi Oil Ministry declared total amount of Oil Exports and Revenues in October 2019

Iraqi Oil Ministry declared total amount of Oil Exports and Revenues in October 2019

The Iraqi Oil Ministry has announced the total amount of exports and revenues for the month of October 2019. The total amount of oil exports rose from September. A spokesman for the Iraqi Oil Ministry, Asim Jihad said in a press statement that the total amount of crude oil exported for the month of October from central and southern Iraqi oil fields amounted to 103 million, 540 thousand, and 855 barrels. The statement further said the exported quantities amounted to…

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Total Oil Exports in September and an increase in Customs Revenues

Total Oil Exports in September and an increase in Customs Revenues

The Iraqi Oil Ministry issued a statement that the total exported quantities of crude oil for the month of September was amounted to 103 million, 10 thousand and 306 barrels, with revenues of 6 billion and 89 million and 244 one thousand dollars. The oil was extracted from the oil fields in central and southern Iraq. A spokesman for the ministry, Assem Jihad said the quantities exported from Kirkuk oil through the Turkish port of Ceyhan 166 thousand and 848…

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Floating Oil Island will increase Iraqi Oil Exports: Oil Ministry

Floating Oil Island will increase Iraqi Oil Exports: Oil Ministry

The SOC (Basra based South Oil Co.) will build a floating oil island off the coast of Al-Faw Peninsula to enhance its capacity of export by more than 2 million barrels per day. The company has announced the project in the prospect of a growth the exports of Iraqi oil to reach more than 5 million barrels a day. Point to be noted that OPEC approved on 23rd June an increase in crude oil production to fulfill the increasing demand….

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Increase in Oil Investment is the Need of the Hour: Jaafari

Increase in Oil Investment is the Need of the Hour: Jaafari

Iraqi Dinar 123 News: – On Monday, the Iraqi Foreign Minister Ibrahim Al Jaafari met with Michael Townsend the CEO of the British Petroleum in Middle East. They discussed about the development in the region and its impact in the world oil markets. They emphasized the importance of improvement in the size of oil sector to support and help the Iraqi economy. Ibrahim Al Jaafari office issued a statement that the Iraqi Foreign Minister Ibrahim Al Jaafari and Michael Townsend,…

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Iraqi Southern Oil Fields Improved its Oil Exports in March

Iraqi Southern Oil Fields Improved its Oil Exports in March

Iraqi Dinar 123 News: – The Southern Iraq increased its oil exports in the month of March with some other major improvements. It helped the Iraq in the international market which brought the Iraq at the second largest oil producer in OPEC and move to a record level of oil export. We have noticed delays in the shipment in the month of February. The figures showed that the exports from the Iraqi southern ports exported more than 2.66 million barrels…

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Oil Exports Increases

Oil Exports Increases

Iraqi Dinar 123 News:– The export of oil has increased during the past month. it has gone up to 2.51 million barrels a day. The high export of the Kirkuk oil has helped the country in the export which has gone up by 836 000 barrels a day. The basic oil export has gone up and it has been equal to 75.31 million barrels which has made it different and added to the management for the increase in the export…

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Increase in Oil Exports Despite Low Prices

Increase in Oil Exports Despite Low Prices

Iraqi Dinar 123 News:– It was announced by the oil ministry of Iraq that their export ratio of oil increased recently. During the month of October the oil exports rose. The total revenue earned through the oil export during the month of October was equal to seventy six million and three hundred thousand barrels. These barrels were worth six billion and one hundred and ninety million dollars. The oil exports from the province of Basra and Kirkuk were also high….

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What If Oil Supply Gets Stop From Iraq?

What If Oil Supply Gets Stop From Iraq?

Iraqi Dinar 123 News:– It has been reported that Iraq being one of the major oil reserves, if oil supply stops from Iraqs side, it would cause the world a lot of problems. The world oil prices for Brent crude oil remained at $ 115 per barrel recently but they may rise. According to analysts, news is not good.  At present the exports of oil by Iraq are not changed but there is a big threat that the production of…

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