Iraqi, Iranian Exports Rise in September
Both Iraq and Iran increased their crude oil exports in September.
Both Iraq and Iran increased their crude oil exports in September.
Chevron and Total have expressed interest in taking over Royal Dutch Shell’s operations at the Majnoon oilfield.
Iraq plans to resume oil production from its Nineveh oilfields in the upcoming months.
The Prime Minister of Iraq, Haider El Abadi, indicated that revenues from the northern, autonomous Kurdish region belong to central government.
Following the independence referendum held by the Kurdish Regional Government (KRG) earlier this week, Iran has halted the trade of petroleum products.
OPEC crude production has risen in September.
Iraq is shifting its export focus toward Asia to take advantage of growing regional demand.
The Iraq government called on the international community to cease importing crude oil from the autonomous region controlled by the Kurdistan Regional Government.
Negotiations between Royal Dutch Shell and Iraq over the Majnoon oilfield are continuing.
The Iraqi Oil Minister, Jabar El Luaibi, clarified that Iraq does not see an immediate need for more production cuts.