Egypt to Renew Importing Iraqi Crude Contract
Iraqi crude oil cargoes contribute to the local market's fuel demands, preventing bottlenecks, Tarek El Molla, Minister of Petroleum, noted.
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.
Iraq is going to sell 10,000 barrels per day (b/d) of oil from its Kirkuk oilfields to Jordan at a special price and Iraqi goods imported through Aqaba port will have preferential tariffs.
Iraq plans to reduce the price of oil traded to Jordan, in return for getting preferential tariffs on goods that Iraq receives from Jordan through Aqaba port.
The Iraqi-focused operator Gulf Keystone Petroleum expects to delay its 55,000 b/d target to early 2020 as the company currently faces a delay in kicking off a drilling campaign at the Shaikan field.
The Iraqi-focused producer Genel Energy plans to increase production in 2019 through the exploration of three more wells in Kurdistan’s Taq Taq field.
Iran will stand against US sanctions considering them “fully illegal”, Bijan Zanganeh, Iranian Oil Minister, said on January 10, announcing that Tehran would not comply with the sanctions
Iraq’s oil exports increased in December, 2018 to hit around 3.276 million barrels per day (b/d), Thamer Ghadhban, Iraqi Oil Minister said in a statement on January 2.