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Tag: oil exports

Downfall of Global Oil Prices Affecting Oil Export Countries Including Iraq

Downfall of Global Oil Prices Affecting Oil Export Countries Including Iraq

Iraqi Dinar 123 News:– The Iraqi Oil Minister Adel Abdul Mehdi issued a statement that the current financial and economic crises have been increase due to continuous downfall in the oil prices globally. Iraq is not the only county facing these crises but a large number of international oil companies and oil producing countries also facing this problem. He further added in his statement that Brent oil prices have declined from 65.55 U.S dollars to 45 U.S dollars per barrel…

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Kurdistan Increases Oil Exports

Kurdistan Increases Oil Exports

Iraqi Dinar 123 News:– It is good news for Iraq that Kurdistan is taking interest in the improvement of the country by exporting oil for the betterment of the country. The Kurdistan region exported oil through Ceyhan port. The KRG oil is equal to 150,000 barrels a day and it was exported to Turkey through Ceyhan. With the stable price of the oil and that also at a lower rate of $80 per barrel; every country is interested in importing…

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The Oil Exports rises from Southern Ports of Iraq

The Oil Exports rises from Southern Ports of Iraq

Iraqi Dinar 123 News :-  The experts consider it as a big achievement in the recent security situation of the country. Iraq exported 76 million and 250,000 barrels oil in the month of September and expecting higher volume in the next couple of months. Per day production of Iraq oil in the international market is 2.542 million barrels that Iraq want to enhance it 3.6 million barrels by 2015. Iraq had planned to enhance its oil production to 6.5 million…

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Oil Exports of Iraq from Southern Ports rises

Oil Exports of Iraq from Southern Ports rises

Iraqi Dinar 123 News :- The oil and gas ministry of Iraq announced the rise in the exports of crude oil from southern ports of Iraq this month. This is because the security situation of Iraq is looking better. The Iraq security force with the help of US air strikes is moving forward to regain the occupied areas from ISIS. That’s why the exports of the oil and other commodities are increasing in the country. The climate of the Gulf…

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Rise in Oil Prices

Rise in Oil Prices

Iraqi Dinar 123 News:– It has been seen that the oil prices are rising all over the world. This news is great for the oil producing countries. These countries contribute to the increase in not only the price of the oil per barrel but also the increase in their local currency. This issue causes problems for other countries that import raw materials. It is expected that due to this rise the recovery in the global prices would suffer. The prices…

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Turkey Concerns Over Unstable Iraqi Economy

Turkey Concerns Over Unstable Iraqi Economy

Iraqi Dinar 123 News:– The country that is in deep trouble by the poor law and orders situation of Iraq is the Turkey. The country imports more than 90% of its oil from other countries of the world to fulfill the needs of the country. The unstable Iraq is never being in the favor of Turkey economy as it has long term oil agreements with Iraq and Kurdistan. Due to unrest situation of Kirkuk and Baiji affected the economy of…

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Iraq Going to Occupy Its Previous Place in The Oil Industry

Iraq Going to Occupy Its Previous Place in The Oil Industry

Iraqi Dinar 123 News:– The international experts believe that Iraq has ability to increase the production of oil in the international market and it is going to regain its previous position in the oil industry of the world if it continued with this pace. Recent export figures show that there is an increase of 30% in the oil export of Iraq every year. Thirty percent is the very good pace in the recent poor law and order situation of Iraq….

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Iraq Made Great Progress in The Oil Sector

Iraq Made Great Progress in The Oil Sector

The oil is the engine of development for economy of Iraq and one of the most important industry. The oil industry is the backbone of Iraq economy that generates more than 70% revenue for Iraq economy. In the recent meeting with central bank of Iraq, the World Bank and IMF discussed the economic conditions of Iraq and appreciated the growth rate of Iraq that is more than all other countries in the region. The World Bank report shows that the…

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