Iraq Oil Exports in October Rise by 9% MoM
Iraq, OPEC’s third-largest oil producing nation, increased its exports to 2.876 million barrels per day (mmbbl/d) in October up from 2.613 mmbbl/d in the previous month.
Iraq, OPEC’s third-largest oil producing nation, increased its exports to 2.876 million barrels per day (mmbbl/d) in October up from 2.613 mmbbl/d in the previous month.
Minister of Petroleum and Mineral Resources, Tarek El Molla, signed a memorandum of understanding (MoU) with his Iraqi counterpart, Ihsan Abdul Jabbar.
French international oil and gas company, Total SE, is considering investing in Iraq’s natural gas sector as the Iraqi government met with Total.
Russia’s state-run oil company, Lukoil PJSC, is looking to set up new oilfield projects in Iraq despite OPEC+ production cuts and a slump in oil demand.
The Iraqi Oil Minister, Ihsan Abdul-Jabbar Ismail, stressed on 13 October the importance of expediting plans for gas investment associated with oil operations in Al-Rumaila oil field.
Joe Anis, CEO at GE Gas Power Iraq, asserts that Iraq could generate over 3.5 gigawatts of power by capturing 40% of associated gas that is currently burned.
Iraq’s federal government has requested that the Kurdistan Regional Government (KRG) cut its oil production by 120,000 barrels per day (bbl/d).
Net oil and gas importer, Jordan, is set to resume crude imports from its Middle Eastern neighbor, Iraq, later on in September after shipments were suspended due to the pandemic.
Iraqi Oil Minister, Ihsan Abduljabbar, has announced that the ministry is planning to raise the production capacity of Baiji refineries to 280,000 barrels of oil per day (bbl/d).
The Minister of Petroleum and Mineral Resources, Tarek El Molla, raised the subject of establishing a pipeline to transport crude oil from Iraq to Egypt and Jordan.