SOMO Awards Diesel-Import Contracts
The Iraqi oil-marketing firm, SOMO, awarded contracts for diesel importation to ZhenHua Oil, BB Energy, Litasco, and Lima.
Iraq | Egypt Oil & Gas - Part 33
Egypt in Talks with Iraq to Import 24M Barrels of Oil
Egypt is negotiating with Iraq to import 24 million barrels of oil per year during 2018.
Shell to Exit Majnoon in 2018
Royal Dutch Shell will hand over its operations at Iraq’s Majnoon oilfield by the end of June 2018.
$4B KRG Debt Hindering Iraq-Turkey Export Agreement
The central government is negotiating an agreement with Turkey to export oil from the KRG and Kirkuk through the KRG’s oil pipeline.
OPEC Production Slips 80K b/d in October
Production disruptions in Iraq contributed to an overall decline in OPEC oil output during the month of October.
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).
Some ME Oil Exporters Could Run Budget Surpluses
With rising oil prices, Iran, Iraq, Kuwait, and Qatar could run budget surpluses next year if prices remain stable.
Iraq Adds 900,000 b/d Export Capacity at Basra Port
Iraq increased the export capacity of its Basra port by 900,000 barrels per day (b/d) by adding a fifth terminal.
Iraqi Crude Exports to US Outstrip Saudi Arabia’s
Iraqi oil exports to the US moved ahead of Saudi Arabia’s by approximately 2.9 million barrels in September.
Turkey Supports Reopening of Kirkuk-Ceyhan Pipeline
Turkish President Tayyip Erdogan voiced his support for the Iraqi government’s plan to reopen the Kirkuk-Ceyhan pipeline.
