Iraq Buys Iranian Oil Sanctions-Free for 90 Days
The US allowed Iraq to continue importing energy from Iran without sanctions for a 90-day waiver.
The US allowed Iraq to continue importing energy from Iran without sanctions for a 90-day waiver.
Jordan floated a tender to transport a maximum of 10,000 barrels of crude oil per day (b/d) from Iraqi Baiji oil refinery to Jordan’s Petroleum Refinery Company.
The oil exports from Iraq’s Southern ports at the Gulf has reached around 3.565 million b/d during February 2019.
Iraq and Jordan have agreed on many mechanisms to strengthen the economic cooperation between the two countries, including the study of establishing an Iraqi oil pipeline to deliver oil to Jordan.
Two seismic surveys in the Red Sea and southern Egypt have been carried out, which encourages the MoP to submit tenders to IOCs and promote exploration and production E&P in the region.
Italian giant Eni is looking for future investments opportunities at Iraq’s Zubair oil field to increase the production track.
Iraqi crude oil cargoes contribute to the local market's fuel demands, preventing bottlenecks, Tarek El Molla, Minister of Petroleum, noted.
The well, located in Iraq’s Kurdistan Region, has been linked to the production phase with an initial capacity of around 3,100 b/d.
Iraq’s oil exports averaged at 3.649 million barrels per day (b/d) during January 2019, down from 3.726 million b/d in December 2018.
Iraq's Basra Oil Company and Iraq Drilling Company inked an agreement to drill 40 wells at the Majnoon oil field, according to the Iraqi Oil Ministry Thamer Ghadhban.