Iraq Asks for “Clarifications” on Rosneft-KRG Deals
Iraq wants “clarifications” from the Russian oil giant, Rosneft, on the oil and gas contracts it has signed with the Kurdistan Regional Government (KRG).
Iraq wants “clarifications” from the Russian oil giant, Rosneft, on the oil and gas contracts it has signed with the Kurdistan Regional Government (KRG).
With rising oil prices, Iran, Iraq, Kuwait, and Qatar could run budget surpluses next year if prices remain stable.
Iraq increased the export capacity of its Basra port by 900,000 barrels per day (b/d) by adding a fifth terminal.
Iraqi oil exports to the US moved ahead of Saudi Arabia’s by approximately 2.9 million barrels in September.
Turkish President Tayyip Erdogan voiced his support for the Iraqi government’s plan to reopen the Kirkuk-Ceyhan pipeline.
Oil exports from the Kurdish Regional Government (KRG) rose to 300,000 barrels per day (b/d) on Tuesday.
Oil exports from the semi-autonomous Kurdish region in Iraq to Turkey rose to 255,000 barrels a day (b/d).
Iraq is considering new terms for the development of its Majnoon oilfield, Iraqi Oil Minister, Jabar El Luaibi, said on Saturday.
The Russian oil giant, Rosneft, is set to invest $1.8 billion in the primary oil pipeline of the Kurdistan Regional Government (KRG) for a 60% stake.
Iraq is increasing crude exports from its southern oilfields to make up for production shortfalls from Kirkuk.