Iraq Mulls Exporting Oil via Turkey
Iraq’s government declared desire to hold talks with Turkey over the possibility of transporting oil once more from federal territory to reach a port located on the Mediterranean Sea.
Iraq’s government declared desire to hold talks with Turkey over the possibility of transporting oil once more from federal territory to reach a port located on the Mediterranean Sea.
Chevron Corporation, the US Oil Company, has restarted its drilling operations in the Kurdistan region of Iraq (KRI).
Iraq will start to export 60,000 barrel per day (b/d) of Kirkuk fields' oil, using tanker trucks that will cross the Iranian border to deliver this oil to an Iranian refinery.
Egypt will receive 12 million barrels of Iraqi crude oil throughout 2018, starting this January.
Iraq has signed a memorandum of understanding (MoU) with UK’s BP in order to increase the output capacity of Kirkuk oil fields, which were returned by government forces in October 2017.
Iraq’s oil output capacity is coming close to 5 million b/d. Yet, the OPEC member will comply with the global supply cut pact.
Iraq approved the sales of the 20% stake owned by Royal Dutch Shell in the country’s West Qurna 1 oil field to Japan’s Itochu Corporation.
Iran is likely to start exporting natural to the city of Basra in southern Iraq can in March 2018, National Iranian Gas Company's Managing Director, Hamidreza Araqi, stated.
Iraq will begin to export crude oil, produced from the northern Kirkuk fields, to Iran before the end of January 2018, Iraqi Oil Minister, Jabar al-Luaibi, told reporters on January 7th.
Algerian state-owned energy firm Sonatrach is considering possible investments in oil exploration and natural gas projects in Iraq, Iraqi Oil Ministry announced on January 7th.