Iraqi Oil Exports from Southern Oilfields Reach 3.535 M b/d in December
Iraqi oil exports from the southern Basra ports increased by 1% to 3.535 million barrels per day (mb/d) in December 2017, compared to 3.5 mb/d in August.
News / International
Iranian Oil Production, Exports not Affected by Protests
Iranian crude oil output and exports have not been affected by the unrest, which is spreading across the Asian Country, Iranian oil and shipping sources stated on January 2nd.
Libya Completes Repairing Oil Pipeline
Libya completed repairing its oil pipeline, which was damaged due to a suspected attack on December 26th. Production is starting gradually after the repairs.
Kuwait Increases Oil Prices by 0.44%
Kuwait increased crude oil prices by 0.44% to be $63.78 per barrel, compared to $63.5 per barrel on December 29th, 2017.
Fire Extinguished at Iran’s Rag-e-Sefid
After nearly two months, firefighters extinguished a fire at the Rag-e-Sefid oilfield in Iran.
Zhenhua Oil to Develop East Baghdad Oilfield
Zhenhua Oil will develop the southern part of the East Baghdad oilfield.
Exxon Mobil, Iraq Negotiating Production Project
Exxon Mobil and Iraq are still negotiating a proposed project to enhance production from some of Iraq’s southern oilfields.
China to Become World’s Second Largest LNG Importer
China is set to become the second biggest importer of liquefied natural gas (LNG) by volume this year.
Iraqi Oil Minister Expects Tighter Oil Markets
The Iraqi Oil Minister, Jabar El Luaibi, expressed confidence that oil markets will tighten next year.
Es Sider Pipeline Could Be Repaired in Week
It will take a week to repair the Es Sider pipeline.
