Iraqi Oil Production Remains Unaffected Amid Turmoil
The International Monetary Fund (IMF) has declared Iraq's oil production and oil fields unaffected by the nationwide protests.
The International Monetary Fund (IMF) has declared Iraq's oil production and oil fields unaffected by the nationwide protests.
Iraq exported around 204,000 barrels of oil equivalent (boe) to Jordan during September, according to Energy Minister Hala Zawati.
The country is producing less than its usual capacity of approximately 5 million b/d, as per an OPEC+ agreement to cut production and support prices.
SOMO sold the 2 million barrels at a premium of a little more than $1 per barrel to its official selling price (OSP).
India’s oil imports from Iraq boosted in August by shipping around 1.32 million barrels per day (b/d).
Iraq has exported 111.7 million barrels of oil during August, with total revenues of about 6.42 billion.
Basrah Oil Company (BOC) has signed a memorandum of understanding (MoU) with Royal Boskalis Westminster to establish a new artificial island.
Dana Gas is receiving several offers from companies interested in acquiring its asset portfolio in Egypt.
Iraq will reduce crude oil production levels starting from October, according to the Iraqi Minister of Oil, Thamer Ghadhban.
The Iraqi Ministry of Oil announced that it has signed a deal with Stroytransgaz for the exploration, development, and production of bloc 17 in the Western Anbar province.