Iraq Forms Committee to Discuss Resumption of Kirkut Oil Exports
A newly-formed committee of experts are due to visit the Iraqi parliament to address the resumption of oil exports from Kirkuk through the Kurdistan region.
A newly-formed committee of experts are due to visit the Iraqi parliament to address the resumption of oil exports from Kirkuk through the Kurdistan region.
The US has granted Iraq a 45-day waiver from its sanctions on Iran in order to import natural gas and electricity supplies.
Iraq is planning to increase its output and exports of crude in 2019, Iraqi Oil Minister Thamer Ghadhban has said.
The US has granted eight Iranian oil importers temporary waivers from the sanctions set to be imposed upon the country’s energy sector on November 5.
The Iraqi oil ministry aims to increase the country’s oil production capacity and further support foreign oil companies to overcome bureaucratic hurdles.
Iraq plans to stop exporting crude from its northern Kirkuk oilfield to Iran in November in compliance with US sanctions placed on the Iranian energy industry.
Iraqi state oil marketing company SOMO has sold Basra crude oil on the Dubai Mercantile Exchange (DME) for the first time since January.
Iraq has signed an agreement with General Electric to develop the country’s power infrastructure.
The Iraqi Ministry of Electricity has signed a reconstruction agreement with Siemens to boost the country’s economic development including adding 11 gigawatts of power generation within the next four years.
Iraq aims to produce 7 million barrels per day (b/d) of oil and export 4 million b/d in 2019 through its newly-established National Oil Company, Oil Minister Jabar al-Luaibi announced on October 20.