The Iraqi Ministry of Oil is planning to re-operate North refinery and increase its production capacity to 150,000 barrels per day (b/d).
Abu Dhabi National Oil Company Logistics & Services (ADNOC L&S) acquired two more Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight.
Iraqi Oil Minister, Ihsan Abduljabbar, has announced that the ministry is planning to raise the production capacity of Baiji refineries to 280,000 barrels of oil per day (bbl/d).
Abu Dhabi National Oil Company’s (ADNOC) main refinery is pushing for fuel sales in China after the Chinese economy is starting to show signs of recovery from the coronavirus.
Al-Manar Group plans to boost its exports to 10% in 2019, as the company increases its lubricant production capacity and supplies them to a number of new Arab and African markets.
In accordance with the OPEC, non-OPEC agreement, spearheaded by Russia and agreed in early 2017 to cut supply and boost prices, Iraq is currently producing 4.4 million barrels per day (mb/d).