US report: Iraqi approach to extend an oil pipeline towards Syria

[yota691]

Iraq's exports amounted to 3.5 million barrels per day during the current month

 

 

Number of readings: 377 29-01-2018 02:33 PM

 

29-01-2018 02:33 PM 

 

An oil official said on Monday that the exports of Iraqi oil marketing company Sumo crude reached an average of 3.5 million barrels per day during the month of January.

Reuters quoted the Iraqi official as saying today that the exports of 'SOMO' of crude oil amounted to 3'5 million barrels per day this month, adding that Iraq plans next week to start export from Kirkuk oil fields in the north of the country to Iran using trucks. 

The Ministry of Oil has announced the rehabilitation and operation of Salahuddin 2 / refinery in Baiji before the end of this year, where the Minister Jabbar al-Allaibi, the capacity of the production unit Salahuddin / 2 70 thousand barrels per day, and the company refineries of the North continue the night day and with the support of The Ministry's companies in order to expedite the rehabilitation and operation of this important production unit before the end of this year.

He added that he instructed the oil companies in the north, center and south to unite their efforts and employ them to achieve the ministry's goal of re-operating the refinery, as well as directing the use of all mechanisms, equipment, equipment and reservoirs. And pipelines for oil companies to support and support the rehabilitation and operation of the refinery of Baiji in the province of Salah al-Din.

[The Englishman]

Iraq to send more Kirkuk oil to Kurdistan’s refineries

By Rudaw 23 minutes ago

A worker checks pipelines at Kirkuk's Bai Hassan oil field after control of the site was taken by Iraqi forces in October. File photo: AFP

ERBIL, Kurdistan Region – The Iraqi oil ministry plans to increase crude oil flow from Kirkuk to Kurdish refineries despite Iraqi lawmakers opposing the move with a ban earlier this month.

The Kirkuk-based North Oil Company plans to nearly double the allocation of oil to refineries owned by the Erbil-based KAR Group, a sign of increasing cooperation between the Iraqi oil ministry and the Kurdistan Region, as reported by Iraqi Oil Report on Tuesday.

The Iraqi parliament banned Erbil-based oil and gas KAR Group from operating oil fields in Kirkuk in early January.

With a majority vote on January 8, parliament passed the motion banning KAR Group and assigned state-owned North Oil Company to take over oil production in the province and export it through the Iraqi marketing company (SOMO).

KAR Group had failed to reach an agreement with Iraqi authorities over the operation of the oil fields that were under Kurdish control following the rise of ISIS in 2014 until mid-October when the disputed areas came under Baghdad’s control.

The Kurdish company withdrew its staff and locked their facilities in the oilfields when Iraqi forces, supported by Iranian-backed Hashd al-Shaabi paramilitaries, drove the Peshmerga out of the area in response to Kurdistan’s independence vote.

The Kurdistan Regional Government’s (KRG) revenues have been slashed by about half since the loss of Kirkuk, further worsening the Region’s financial crisis caused by Iraqi budget cuts since early 2014, low oil prices, and the war against ISIS.

The parliament also mandated an investigation into exports from the formerly KRG-controlled oil fields and bank accounts that received revenues from oil sales. The legislature tasked various parliamentary committees, including energy and finances, with the inquiry.

Iraqi Prime Minister Haider al-Abadi criticized the Kurdish oil sales on several occasions, often releasing numbers different from those released by the KRG's Ministry of Natural Resources.

KRG Prime Minister Nechirvan Barzani urged Baghdad to check all the numbers concerning the oil and gas audit.

“If Baghdad is interested to learn about the numbers and what have we done, we are ready for the Iraqi government and parliament to come and any side to put all the data before them as we have wanted to have an extreme level of transparency,” Barzani said in early January.

The KRG signed an agreement with Deloitte, the largest professional and financial services company in the world, to conduct an audit of the Kurdistan Region’s oil production, exportation, and revenues at the end of 2016.

Bringing Deloitte in is part of the KRG’s economic reform plan and to increase transparency in the oil sector.

Deloitte stated in its financial report released on January 16 that they found no "misstatements" of the KRG's oil exports, consumption, or sales for the first half of 2017.

The data for the second half of 2017 will be published in the near future, the KRG said, adding it "considers the auditing process as an important step for strengthening transparency in the oil and gas sector of the Kurdistan Region."

"The KRG has approved Deloitte's recommendations to further enhance the processes and address any shortcomings," the statement added.

The firm will also be auditing oil production and sales for 2014, 2015, and 2016.

The KRG’s Ministry of Natural Resources stated on Tuesday that an audit by Ernst and Young of bonuses paid to the KRG by international oil companies will also be released soon. 

Erbil and Baghdad have yet to decide on issues like oil exports and the KRG’s budget share that could help the Region to recover from its financial crisis.

[SocalDinar]

Crude Swap With Iraq Will Begin Next Week

 

Iraq is expected to start crude oil exports from its northern Kirkuk Oilfield to Iran next week, an Iraqi oil official said.

Alaa al-Yasiri, acting director general of Iraqi state oil marketer SOMO, added that Iraqi exports could increase, as the country plans to start trucking crude to Iran’s Kermanshah Refinery under a swap agreement announced last month, Reuters reported.

Iraq and Iran have agreed to swap up to 60,000 barrels per day of crude produced from Kirkuk for Iranian oil to be delivered to Iraqi customers in southern Iran.

Kirkuk crude sales have been halted since Iraqi forces took back control of the fields from the Kurds in October.

Iraq and Iran are also planning to build a pipeline to carry the oil from Kirkuk to avoid having to truck the crude. The planned pipeline could replace the existing export route from Kirkuk via Turkey and the Mediterranean.

After years of remaining idle, Iran resumed swapping crude oil late last year from the Caspian Sea in the north to customers in the Persian Gulf region. Officials say the country has the infrastructure to transfer up to 500,000 barrels per day of crude.

Oil swap, which was cut off under the previous Iranian government, can be an important source of revenue for Iran.

With an output of 4.4 million bpd in December, Iraq is the second-largest producer of the Organization of Petroleum Exporting Countries after Saudi Arabia.

The country is producing below its maximum capacity of nearly 5 million bpd in line with an agreement between OPEC and other exporters, including Russia, to curtail global supply and support oil prices. Yasiri also said crude exports by SOMO ran at an average rate of 3.5 million barrels per day in January.

"The average of the month could top December’s 3.53 million bpd record," the official said.

Total exports for the country should be higher, as SOMO does not control oil sales from the northern semi-autonomous Kurdistan region, estimated at more than 200,000 bpd.

“SOMO’s recent export rate increase is not because of higher production, but due to a drop in local consumption,” he said. It was not immediately clear why consumption had fallen.https://financialtribune.com/articles/energy/81105/crude-swap-with-iraq-will-begin-next-week

 

Iraq To Export 60,000 Bpd Kirkuk Oil To Iran In Swap Deal

By Tsvetana Paraskova - Jan 30, 2018, 1:30 PM CST

Iraq will begin exporting next week 60,000 bpd of oil from the fields in Kirkuk to an Iranian refinery across the border via tanker trucks, in exchange for refined oil for southern Iraq, the acting director general of Iraq’s state oil marketing company SOMO, Alaa al-Yasiri, said on Monday.

Until recently, oil from the fields around Kirkuk was shipped to the Turkish port of Ceyhan via a pipeline owned and operated by the Kurdistan Regional Government. However, after the September independence referendum in Kurdistan, Iraqi troops took control of disputed Kirkuk, which falls outside of the autonomous region’s boundaries, and the surrounding fields.

Last month, Iraq and Iran agreed on an oil swap deal that will run for one year and is subject to renegotiation, Iraq’s Oil Minister Jabbar al Luiebi said. The deal envisages the swap of up to 60,000 bpd of crude oil, with the Iraqi oil coming from the Kirkuk field in northern Iraq.

 

In the future, Iraq and Iran plan to build a new pipeline from the Kirkuk field to the border with Iran, to replace the tanker trucks. This suggests that although the initial term of the deal is just one year, there are plans to make it a longer-term deal.

Related: Qatar LNG Booms Despite Embargo

After the Iraqi offense against Kurdistan following the independence referendum that Baghdad rejected, the federal government took over control of the Kirkuk field, but no oil flowed from it.

Now Baghdad will transport between 30,000 and 60,000 bpd of Kirkuk crude by tanker trucks to the border with Iran at Kermanshah. In exchange, Iran will supply the same amount of similar-grade crude to Iraq’s south.

SOMO’s crude oil exports have been running at an average rate of 3.5 million bpd so far this month, al-Yasiri told reporters yesterday. The January exports could top the record exports of 3.535 million bpd from December, Reuters quoted al-Yasiri as saying. The exports of Kirkuk crude oil to Iran will begin next week, the official said. 

By Tsvetana Paraskova for Oilprice.com  https://oilprice.com/Latest-Energy-News/World-News/Iraq-To-Export-60000-Bpd-Kirkuk-Oil-To-Iran-In-Swap-Deal.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+oilpricecom+(Oil+Price.com+Daily+News+Update)

Iraq Loosens Export Rules To Get Better Prices

By Irina Slav - Jan 30, 2018, 9:00 AM CST

Iraq has relaxed its crude oil exporting rules in a bid to pocket better prices for its most precious commodity despite the continuing rally. Baghdad now allows buyers to withhold the destination of the cargo when they buy it until two weeks after the issuance of the cargo’s bill of lading.

Not having to set a destination for the cargo at the time of buying provides oil traders with greater flexibility in reselling it, Bloomberg notes, depending on a price comparison and possible shortages that would produce better prices for the cargo.

Iraq has already sold two cargoes under the laxer rule, for a total of 4 million barrels. The cargoes sold at a premium to the official selling price at an auction in Dubai. An earlier lot that sold on the spot market under the old, more stringent rules, fetched a lower price that the official selling figure, Bloomberg noted.

 

Energy Aspects analyst Nevyn Nah told Bloomberg that “Sellers are seeking higher prices by removing contractual restrictions at a time of heightened competition Buyers are happy to pay a premium for cargo optionalities, which in this case lets them lock in its destination later, allowing them to swing shipments east or west and take advantage of arbitrage opportunities.”

Related: Texas Set For Another Oil Boom

OPEC’s number-two is highly dependent on its oil revenues, which is why it has consistently failed to comply fully with its production quota under the OPEC production cut agreement from November 2016.

Despite the agreement, Iraq has been actively expanding its oil export capacity, bringing the total at its southern ports to 4.6 million bpd. Iraq’s total oil export capacity is close to 5 million bpd, Energy Minister Jabbar al-Luiebi told a Chatham House conference in London yesterday, but noted that “Iraq has made it clear at every time and every event that Iraq will comply with OPEC declarations in good spirit, genuine spirit.”

By Irina Slav for Oilprice.comhttps://oilprice.com/Latest-Energy-News/World-News/Iraq-Loosens-Export-Rules-To-Get-Better-Prices.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+oilpricecom+(Oil+Price.com+Daily+News+Update)

 

No. 2 OPEC producer loosens oil shackles for premium prices

By SERENE CHEONG on 1/30/2018

 

 

SINGAPORE (Bloomberg) -- OPEC’s second-biggest producer is relinquishing some control over its prized oil in exchange for better prices.

In a rare move, Iraq is allowing buyers to load its crude without saying where the cargo will finally end up. They will only have to let the Middle East producer know about the destination two weeks after the shipment’s bill of lading, under the terms by which 4 MMbbl of its March supply was sold via auctions this month.

That enables buyers to take a decision at the time of loading on the best location for a cargo, based on several factors such as comparative  pricing and whether a particular region is short of supply. The strategy presents some advantages for Iraq as well: The two shipments loading in March sold at auction on the Dubai Mercantile Exchange fetched a premium to the oil’s official selling price. Basrah Light crude for March was sold at more than 40 cents/bbl over its official price, compared with a February lot that traded under more rigid terms at a discount.

“Sellers are seeking higher prices by removing contractual restrictions at a time of heightened competition,” said Nevyn Nah, an analyst at industry consultant Energy Aspects Ltd. “Buyers are happy to pay a premium for cargo optionalities, which in this case lets them lock in its destination later, allowing them to swing shipments east or west and take advantage of arbitrage opportunities.”

The strategy by Iraq’s state-owned oil marketing company, known as SOMO, is another example of how Middle Eastern producers are reconsidering the way they price and sell their crude amid a global glut and competing supply from the U.S. to Africa. SOMO typically sells destination-free cargoes to some buyers who’re required to declare its end-point in advance of loading, while forbidding others to send shipments outside of agreed geographical regions.

International energy majors such as Royal Dutch Shell Plc and ExxonMobil Corp. boasting numerous refineries in Asia, the U.S. and Europe are best positioned to take advantage of the flexibility offered by SOMO, according to a Bloomberg survey of four refiners and consultants. Improved sentiment from the auction results could also impact spot market transactions, lifting price differentials for its Basrah Light and Basrah Heavy crude.

SOMO is expected to announce its March official selling prices for Asia, Europe and U.S.-bound supplies around the 10th of February.

http://www.worldoil.com/news/2018/1/30/no-2-opec-producer-loosens-oil-shackles-for-premium-prices

 

Iraqi firm’s oil exports head to break record

BAGHDAD – Reuters

 

Crude oil exports by Iraq state-oil marketer SOMO ran at an average rate of 3.5 million barrels per day in January, an Iraqi oil official have said.

With two more days left in January as of Jan. 29, the average of the month could top December’s 3.535 million bpd record, SOMO’s acting director general Alaa al-Yasiri told reporters.

Total exports for the country should be higher as SOMO does not control oil sales from the northern semi-autonomous Kurdistan region, estimated at more than 200,000 bpd.

“SOMO’s recent export rate increase is not due to higher production, but to a drop in local consumption,” he said. It was not immediately clear why consumption had fallen.

Exports could increase further as Iraq plans to start exports next week from the northern Kirkuk oilfield to Iran, using tanker trucks, he said.
Trucking crude to Iran’s Kermanshah refinery will come under a swap agreement announced last month by the two countries to allow a resumption of oil exports from Kirkuk.

Iraq and Iran have agreed to swap up to 60,000 barrels per day of crude produced from Kirkuk for Iranian oil to be delivered to 
southern Iraq.

Kirkuk crude sales have been halted since Iraqi forces took back control of the fields from the Kurdistan Regional Government (KRG) in October.

The autonomous KRG forces took control of Kirkuk in 2014, when the Iraqi army collapsed in the face of Islamic State of Iraq and the Levant (ISIL).

Iraq and Iran are also planning to build a pipeline to carry the oil from Kirkuk to avoid having to truck the crude, Luaibi said last month.

The planned pipeline could replace the existing export route from Kirkuk via Turkey and the Mediterranean.
With an output of 4.4 million bpd in December, Iraq is the second-largest producer of the Organization of Petroleum Exporting Countries (OPEC), after Saudi Arabia.

The country is producing below its maximum capacity of nearly 5 million bpd in implementation an agreement between OPEC and other exporters including Russia to curtail global supply in order to support oil prices.

http://www.hurriyetdailynews.com/iraqi-firms-oil-exports-head-to-break-record-126516

 

Iraq is allowing buyers to load crude without giving its destination

 

30 JANUARY 2018 - 12:19 SERENE CHEONG

 

Picture: ISTOCK

Singapore — Oil cartel Opec’s second-biggest producer is relinquishing some control over its prized oil in exchange for better prices.

In a rare move, Iraq is allowing buyers to load its crude without saying where the cargo will finally end up. They will only have to let the Middle East producer know about the destination two weeks after the shipment’s bill of lading, under the terms by which 4-million barrels of its March supply was sold via auctions this month.

This enables buyers to take a decision at the time of loading on the best location for a cargo, based on several factors, such as comparative pricing and whether a particular region is short of supply.

The strategy presents some advantages for Iraq as well: the two shipments loading in March sold at auction on the Dubai Mercantile Exchange fetched a premium to the oil’s official selling price. Basrah Light crude for March was sold at more than 40c per barrel over its official price, compared with a February lot that traded under more rigid terms at a discount.

"Sellers are seeking higher prices by removing contractual restrictions at a time of heightened competition," said Nevyn Nah, an analyst at industry consultant Energy Aspects. "Buyers are happy to pay a premium for cargo optionalities, which in this case lets them lock in its destination later, allowing them to swing shipments east or west and take advantage of arbitrage opportunities."

The strategy by Iraq’s state-owned oil marketing company, known as Somo, is another example of how Middle Eastern producers are reconsidering the way they price and sell their crude amid a global glut and competing supply from the US to Africa. Somo typically sells destination-free cargoes to buyers who are required to declare their end-point in advance of loading, while forbidding others to send shipments outside of agreed geographical regions.

International energy majors such as Royal Dutch Shell and ExxonMobil, boasting numerous refineries in Asia, the US and Europe, are best positioned to take advantage of the flexibility offered by Somo, according to a Bloomberg survey of four refiners and consultants. Improved sentiment from the auction results could also impact spot market transactions, lifting price differentials for its Basrah Light and Basrah Heavy crude.https://www.businesslive.co.za/bd/markets/2018-01-30-iraq-is-allowing-buyers-to-load-crude-without-giving-its-destination/

 

Iraq to respect OPEC drive to reduce output

 Save to read listPublished by Nicholas Woodroof, Digital Assistant Editor 
Oilfield Technology, Tuesday, 30 January 2018 09:30

---

Iraq will comply with the OPEC-led deal on reducing output, as reported by Reuters, even though Baghdad is striving to increase its oil export capacity.

Jabar al-Luaibi, the Iraqi oil minister, told a Chatham House conference in London on Monday that Iraq’s export capacity was nearing 5 million bpd, including 4.6 million bpd from the south.

Iraq, the second largest producer in OPEC, has had to limit output in line with OPEC’s commitment to cut output by about 1.2 million bpd as part of a deal with Russia and others.

The OPEC cut has boosted oil prices, which last week topped US$71 a barrel for the first time since 2014.

“Iraq has made it clear at every time and every event that Iraq will comply with OPEC declarations in good spirit, genuine spirit,” the minister said. “We are determined that we will reach 5 million bpd export capacity by the end of this year.”

He added that Iraq hoped to more than double production from the northern Kirkuk oilfields with the help of BP.

While exports from the south are at record levels, output in northern Iraq is down after falling in mid-October when Iraqi forces retook control of oilfields from Kurdish fighters who had been there since 2014.

This has had the side-effect of boosting Iraqi compliance with the OPEC cuts in recent months. Last year, Iraq’s compliance lagged Saudi Arabia and other large OPEC producers.

The minister said the market was nearing “good stability” and Iraq was pumping 4.35 million to 4.36 million bpd of oil.

https://www.oilfieldtechnology.com/drilling-and-production/30012018/iraq-to-respect-opec-drive-to-reduce-output/

 

[SocalDinar]

Iraq plans to boost Majnoon oilfield output to 450,000 bpd in three years

 

Reuters Staff

2 MIN READ

•  
•  

 

BASRA, Iraq (Reuters) - Iraq plans to increase production at its giant Majnoon oilfield to 450,000 barrels per day (bpd) in three years, from 240,000 bpd now, an Iraqi oil executive said on Thursday.

 

 

A worker walks through the Majnoon oilfield in Basra, 420 km (261 miles) southeast of Baghdad, October 6, 2013. REUTERS/Essam Al-Sudani

State-owned Basra Oil Company is currently studying offers from three oilfield services companies to build a new production platform to boost output at the field in southern Iraq, Ahmed Abdul Razzaq, the head of a committee in charge of developing the field, told Reuters.

Basra Oil is taking over operations at Majnoon from Royal Dutch Shell which announced its intention to exit the field, which entered production in 2014, by the end of June.

Chevron, Total and PetroChina may form a consortium later on to take over the development of the field, Iraqi oil minister Jabar al-Luaibi said in November.

Shell said it would focus its efforts on the development and growth of the Basra Gas Company after handing over operations at Majnoon to the Iraqi government.

Basra Gas Company processes natural gas produced alongside crude oil from the southern fields. It is a joint venture between Shell, Iraqi state-owned South Gas Company, Mitsubishi and the Petrochemical Project NEBRAS.

With an output of 4.36 million bpd in January, Iraq is the second-largest producer of the Organization of the Petroleum Exporting Countries (OPEC), after Saudi Arabia.

The country is producing below its maximum capacity of nearly 5 million bpd under an agreement between OPEC and other exporters including Russia to curtail global supply in order to support oil prices.https://www.reuters.com/article/us-iraq-oil-field/iraq-plans-to-boost-majnoon-oilfield-output-to-450000-bpd-in-three-years-idUSKBN1FL4HU

Edited February 1, 2018 by SocalDinar

[yota691]

RUTTERS: Iraq is preparing for a military operation to secure the transfer of oil to Iran

BAGHDAD (Reuters) - Iraqi forces are preparing to launch an operation to strengthen control of a region close to the border with Iran so that it can be used to transport Iraqi oil to Iran under an agreement, officials said.

The officials told Reuters on Monday that the security of the Hamrin mountain range could start this week. The area lies between the oil fields of Kirkuk and Khanaqin on the border with Iran. 

Iraqi oil officials announced in December plans to transport crude from Kirkuk by truck to Iran's Kermanshah refinery. Trucking was supposed to start last week. Oil officials declined to comment on technical reasons. 

"Six members of the tribal crowd, a pro-government force, were killed yesterday in an attack on a security checkpoint where they were located south of the Hamrin mountain range on the road to be used to transport oil," security sources said. 

The two officials did not elaborate on possible threats to the Hamrin mountain range, but two insurgent groups are known to be active there, one of which is the remnants of a terrorist organization called the "White Banners", a newly established and largely unknown. 

The agreement to transport crude oil by truck was part of an oil exchange deal announced by the two countries in December to allow the resumption of oil exports from Kirkuk. Iraq and Iran agreed to exchange up to 60,000 barrels per day of crude produced in Kirkuk with Iranian oil to be transported to southern Iraq. 

 

Iran, Iraq, Kirkuk

[yota691]

The Ministry of Oil signed a contract for the establishment of Kirkuk refinery with a capacity of 70 thousand barrels per day

- 2/8/2018 1:17:00 AM26 Number of readings

 

 

 

 

Khandan -

The Iraqi Oil Ministry signed an investment contract with Rania International Company for the establishment of Kirkuk refinery with a capacity of 70 thousand barrels, in the presence of Oil Minister Jabbar al-Allaibi. 

"The establishment of Kirkuk refinery represents the first step to invest in the liquidation sector to reach a productive capacity of oil derivatives covering the local need in the province and neighboring provinces," said Allaibi, according to a statement issued by the Ministry of Oil. 

He added that "this project comes within the plans and programs of the ministry to cover the local need of oil derivatives in the country and work to export surplus through investment refineries projects." 

He said Allaibi that "the signing of the contract comes in conjunction with the efforts of the Ministry to upgrade the oil industry in the province of Kirkuk and the implementation of a number of development projects and rehabilitation of oil fields and facilities and infrastructure and the extension of oil pipeline networks."

The statement also quoted the director general of the North Refinery Company Qassim Abdul Rahman as saying that "Kirkuk refinery has advanced specifications and all stages of preparation for this project were in accordance with modern international standards. The refinery will provide oil derivatives with high quality specifications such as high octane gasoline and other derivatives." 

For his part, the director of Rania, said that "the company will work on the construction of the refinery according to international standards and will be punctual to run the refinery."

[yota691]

Iraqi oil revenues hit $ 6.85 billion in January

Crude oil exports from the southern ports of the Gulf reached 3.490 million barrels per day during the last month

 

 10 February 2018 12:54 PM

BAGHDAD (Reuters) - Iraq's oil revenues from fields in the center and south of the country hit $ 6.85 billion last month, the Oil Ministry said .

The Iraqi Ministry said on Saturday that Iraq sold more than 108 million barrels of crude oil from the fields in the center and south of the country in January, achieving revenues of approximately 6.85 billion dollars, and $ 63.29 a barrel, according to the Middle East News Agency .

It added that the Iraqi crude oil exports from the ports of the south overlooking the Gulf amounted to 3.490 million barrels per day during the last month .

Oil prices have seen losses last week of about 10%, recording the worst weekly performance in nearly two years .

Nymex finished yesterday's session down 3.2% at $ 59.20 a barrel, its lowest closing in nearly seven weeks, down more than 9.5% in the previous week .

The price of a barrel of crude oil "Brent" standard by $ 2.02, to reach a level of $ 62.79 per barrel .

[yota691]

 

Oil: Oil exports more than 3 million barrels per day

Economie

11:59

Last updated

The time now is 12:03 PM

152

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BAGHDAD / 
The oil ministry announced on Saturday the rate of exports and revenues achieved for the month of January last, according to preliminary statistics from the Iraqi oil marketing company "Sumo". 
A spokesman for the Ministry of Oil Assem Jihad said in a statement received by "Al-Ghad Press", a copy of it, "The Ministry of Oil announced the rate of exports and revenues achieved for the month of January last, according to preliminary statistics from the marketing company oil," Sumo, "noting that" Exports of crude oil for the month of January from the oil fields in central and southern Iraq amounted to more than (108) million and (190) thousand and (68) barrels, with revenues of more than (6) billion and (847) million and (136) Thousand dollars, while not recorded statistics exports from the fields of Kirkuk. "
Jihad revealed that "the daily rate of exports amounted to (3) million and (490) thousand barrels, indicating that the average price per barrel amounted to (63,288) dollars."

[yota691]

Oil: Iraq intends to reach a capacity of 7 million barrels per day by 2022

 

Economy News _ Baghdad Oil Minister Jabbar al-Allaibi said on Tuesday that Iraq intends to reach a production capacity of 7 million barrels per day by 2022. "Baghdad plans to boost oil production capacity to 7 million barrels per day by 2022 from five million barrels per day at the moment," al-Allaibi told Kuwait's donors conference and his follow-up. "Of the planned refining capacity of 1.5 million b / d, 500,000 barrels per day will be allocated for export," he said. The conference "Invest in Iraq", organized by the Kuwait Chamber of Commerce and Industry (KCCI), was launched Tuesday at the Kuwait International Conference on Iraq Reconstruction. The opening session of the conference will discuss the environment for private sector participation in the reconstruction of Iraq, with the participation of Kuwait Chamber of Commerce and Industry President Ali al-Ghanim, head of the Iraqi National Investment Commission Sami al-Araji and Iraqi Planning Minister Salman al-Jumaili. The conference will discuss the investment environment in Iraq, the reform program and the means of reconstruction as well as reviewing the private sector opportunities through presenting successful investment experiences, the main investment opportunities in Iraq and the role of the International Finance Corporation in this regard. The conference will also look at key investment sectors in Iraq in the fields of oil and gas, transport, industries, real estate, economic zones, energy, agriculture, health and others. Views 10   Date Added 13/02/2018

[TOMINVEGAS]

“Oil: Iraq intends to reach a capacity of 7 million barrels per day by 2022”

 

funny thing is, and it took me years to figure this out, whenever they talk about how many barrels they produce, they are talking about BS....so by 2022, they are going to be producing 7 million barrels per day of BS..... that might seem like a lot, but it’s what they do best.... it’s their own natural resource and they got a lot of it!!!!

[yota691]

Minister of Oil discusses in Turkey the file of the resumption of oil exports through Ceyhan

 

energy Economy News _ Baghdad A spokesman for the Ministry of Oil Assem Jihad, on Monday, the expected visit of Oil Minister Jabbar Ali Allaibi to Turkey before the end of this week.  Jihad said in a statement received by "Economy News" that "Oil Minister Jabbar al-Allaibi will lead a high-level ministerial delegation to visit Turkey at the invitation of his Turkish counterpart for talks on the development of bilateral relations and expand prospects for cooperation in the field of oil and energy, Iraq through the Turkish port of Ceyhan. " "The oil minister will meet with his Turkish counterpart and a number of officials there to confirm the keenness of Iraq and the ministry to build bridges of trust and cooperation to reach an agreement that strengthens the strength of bilateral relations and resume the export of Iraqi oil through the oil marketing company" Sumo "exclusively, Will also include inviting the Turkish specialized companies to implement the investment projects announced by the Ministry and to contribute to and participate in the development of the oil sector.    He pointed out that "this visit comes to complement the talks that took place in Baghdad before the end of last year." Views 7   Date Added 19/02/2018

[yota691]

Kirkuk: Oil agrees to increase the new production unit of the province refinery

 

 Since 2018-02-19 at 13:14 (Baghdad time)

Kirkuk - Mawazine News

Kirkuk's governor, Rakan al-Jubouri, said on Monday that the oil ministry had agreed to expand and develop the Kirkuk refinery for the purpose of producing the gasoline, as well as its approval to add a new production unit to the Kirkuk refinery with a capacity of 20,000 barrels for the production of kerosene and white oil.

Jubouri said in a speech during an expanded meeting of heads of service departments in the province received by / Mawazin News / "We directed all departments to submit reports on projects that have achieved very advanced rates in its work for the purpose of approaching the Ministry of Planning to ensure funding for the purpose of completion," adding that the Ministry of Oil agreed to Expansion and development of the Kirkuk refinery for the purpose of producing gasoline, in addition to the approval of the ministry to add a new production unit to Kirkuk refinery capacity of 20 thousand barrels for the production of kerosene and white oil within the units currently operating.

He called on the administration of Kirkuk and electricity sector employees to improve the level of electricity supply for all citizens of the province, especially after the success of the maintenance of one of the units and the re-operation of the card 260 MW and the demand of the Department of Kirkuk from the Ministry of Electricity offer the second unit at the station maintenance by Siemens and 290 MW summer season".

The meeting was attended by the service departments including the plan to combat the bush and equip the farmers with pesticides, which include 85% thousand acres, which depend on the wells.

For his part, the Director of Water Resources presented the cumulative rainfall in the whole governorate for the period from 1/10/2017 to 19/2/2018, which reached 117 mm in Kirkuk, 119 mm in Hawija, 101 mm in Abbasi, 103 in Balazab, 246 in Elton Kobri, 290 mm in Dibsi, 158 mm in Dakouq and 240 Mm, and 216 mm in Chuan and 201 mm in Lilian, "pointing out that it was last year at the same time 134 mm in Kirkuk and 151 mm in Alton bridge and 204 mm Balbs and 131 Balkouk and 132 mm and 175 mm in Lilan."

[The Englishman]

WORLD NEWS

FEBRUARY 19, 2018 / 11:07 AM / UPDATED 38 MINUTES AGO

Iraqi oil minister to visit Turkey - statement

 

Reuters Staff

1 MIN READ

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BAGHDAD (Reuters) - Iraqi Oil Minister Jabbar al-Luaibi will visit Turkey at the end of the week at the invitation of his Turkish counterpart to discuss the resumption of oil exports through Turkey’s Ceyhan port, the Iraqi oil ministry said in a statement on Monday.

Oil exports from Iraq’s north have been halted since Iraqi forces took control of the Bai Hasan and Avana oilfields northwest of Kirkuk, after Kurdish Peshmerga fighters pulled out from the region.

Reporting by Ahmed Rasheed; writing by Ahmed Aboulenein; editing by Jason Neely

[The Englishman]

Iraqi minister to visit Turkey for oil export talks

DAILY SABAH

ISTANBUL

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A general view at Mediterranean port of Ceyhan, which is run by state-owned Petroleum Pipeline Corporation (BOTAŞ), some 70 km (43.5 miles) from Adana, Turkey, Feb. 19, 2014. (Reuters Photo)

Iraqi Minister of Oil Jabar al-Luaibi will visit Ankara this week for talks on exporting oil through Turkey, the ministry said Monday.

Luaibi is scheduled to meet with Energy and Natural Resources Minister Berat Albayrak.

The two sides are expected to discuss resumption of export of Iraqi oil through the port of Ceyhan, on Turkey's eastern Mediterranean coast.

In November, the two countries launched talks regarding exporting oil drilled from Kirkuk via Ceyhan, with Baghdad announcing plans to build a new pipeline to the port.

[yota691]

Iraq is in talks with Turkey to resume oil exports through the port of Ceyhan

 

 

 

Number of readings: 1383 19-02-2018 01:21 PM

 

 

19-02-2018 01:21 PM 

 

The Oil Ministry announced on Monday its intention to hold talks with Turkey to resume Iraqi oil exports through the Turkish port of Ceyhan. 

"A senior ministerial delegation headed by Oil Minister Jabbar Ali al-Luaibi will visit Turkey this weekend for talks on developing bilateral relations, expanding the scope of cooperation in oil and energy, as well as discussing the issue of resuming Iraqi oil exports through the Turkish port of Ceyhan," the ministry said in a statement. 


The ministry added that 'the Minister of Oil will meet with his Turkish counterpart and a number of officials there, to confirm the keenness of Iraq and the Ministry to build bridges of trust and cooperation to reach an agreement that strengthens the strength of bilateral relations and resume the process of exporting Iraqi oil through the oil marketing company Sumo exclusively' 

The ministry said that 'the visit will also include inviting specialized Turkish companies to implement investment projects announced by the ministry and to contribute to and participate in the development of the oil sector.'

Pointing out that, 'this visit comes to complement the talks that took place in Baghdad before the end of last year'.

[yota691]

Baghdad is discussing with Ankara the file of the resumption of oil exports through Ceyhan

 

Monday 19 February

 

 

 

Alsumaria News / Baghdad Oil Ministry announced on Monday its intention to hold talks with Turkey for the resumption of Iraqi oil exports through the Turkish port of Ceyhan, stressing its commitment to the resumption of Iraqi oil exports through the process of Oil Marketing Company ( SOMO ) exclusively.  "A senior ministerial delegation headed by Oil Minister Jabbar Ali al-Luaibi will visit Turkey this weekend for talks on developing bilateral relations, expanding the horizons of cooperation in oil and energy, as well as discussing the file of the appeal," ministry spokesman Asim Jihad said in a statement. Iraqi oil exports through the Turkish port of Ceyhan. "     Jihad added that "the oil minister will meet with his Turkish counterpart and a number of officials there, to confirm the keenness of Iraq and the Ministry to build bridges of confidence and cooperation to reach an agreement that strengthens the strength of bilateral relations and resume the process of exporting Iraqi oil through the company marketing the oil Sumo exclusively," adding that " The visit will also include inviting the Turkish specialized companies to implement the investment projects announced by the ministry and to contribute and participate in the development of the oil sector. "  Jihad said that "this visit comes to complement the talks that took place in Baghdad before the end of last year."  Oil Minister Jabbar Ali al-Luaibi, in November 2017, confirmed that the main obstacle to the export of oil from Kirkuk to Lihan Turki is Turkey's claim to the region of 4 billion dollars. Kurdistan , which has created to export its oil to the outside without central government approval.

[10 YEARS LATER]

2 hours ago, vato96 said:

Oil agreements without a hcl? Something is fishy and I like it!!!+

 

Things that make say, Hhmmm   

[yota691]

KRG ready to allow Iraq use its pipeline to export Kirkuk oil to world markets: Spokesperson

 Baxtiyar Goran |

6 hours ago

 

 

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An Iraqi oil employee checks pipelines at the Bai Hassan oil field, west of the multi-ethnic city of Kirkuk. (Photo: AFP/Ahmad al-Rubaye)

 

 

ERBIL, Kurdistan Region (Kurdistan 24) – A Kurdistan Regional Government (KRG) spokesperson on Sunday said Erbil was ready to allow the Iraqi government to export oil from Kirkuk to international markets via the Kurdistan-Turkey pipeline.

KRG Spokesperson Safeen Dizayee told Kurdistan 24 the Iraqi government had not taken any steps toward resolving the long-standing issues between the KRG despite talks and serious meetings between Erbil and Baghdad and its readiness for full cooperation.

“The demands they made regarding the number of KRG employees have all been delivered to them, and the auditing has been completed but, so far, no practical steps have been taken by Baghdad,” he said.

“Although Baghdad has expressed its readiness to implement its promises many times, none of them have been implemented yet,” the KRG official added.

Speaking about oil exports from Kirkuk fields and the possibility of a deal between the KRG and the Iraqi government, Dizayee said the matter had been discussed with Baghdad.

Iraq currently sends between 40,000 to 50,000 barrels of oil to Iran while the rest of the oil is dropped back into the wells, the spokesperson explained.

“Instead, the Iraqi government can export the produced oil through the Kurdistan-Turkey pipeline where the state-owned SOMO manages the sale which would eventually bring more revenue to the country.”

Regarding the reopening of international flights to the Kurdistan Region’s airports, Dizayee stated that there was no decision yet regarding the matter.

He explained that during a meeting between delegations from Erbil and Baghdad a month ago, the joint committee agreed on several points, which were favorable from the KRG’s perspective, to resolve the issues.

The KRG spokesperson noted that despite the initial agreement, Baghdad had not taken any steps to reopen the airports.

Editing by Karzan Sulaivany

[yota691]

Oil: Our revenues for the month of January amounted to more than 6 billion dollars

26/02/2018

 

 

(Independent) ... The Ministry of Oil on Monday for the total oil exports and final revenues achieved for the month of January last, noting that the average price per barrel amounted to 62,596 dollars.

The ministry spokesman Assem Jihad said in a statement received by (independent) today that "according to the final statistics issued by the Iraqi Oil Marketing Company (Somo), the amount of exports of crude oil 108 million and 190 thousand and 68 barrels, with revenues amounted to 6 billion and 772 million and 229 thousand Dollar ", adding that" no statistical recorded any oil exports from the fields of Kirkuk. "

Jihad said that "the average price per barrel amounted to 62,596 dollars," noting that "the exported quantities were loaded by 31 international companies of different nationalities, from the ports of Basra and Khor al-Amaya and the monsoons on the Gulf." (End)

[yota691]

Security concerns prevent the transfer of Iraqi oil to Iran

 

energy Economy News _ Baghdad The head of the Iranian-Iraqi Chamber of Commerce said that the plan to transport Kirkuk oil to Iran using trucks can not be fully implemented at this stage because of security concerns. Hamid Hosseini, according to a press statement obtained by "Economy News" a copy of it, that Tehran does not have the detection devices on the trucks coming from Iraq, adding that his country is in talks with Baghdad to use its equipment. In mid-month, the governor of Kirkuk announced the start of export of oil from the fields of the province to Iran this month at the rate of 60 thousand barrels per day. The Iraqi Ministry of Oil and its Iranian counterpart, in early November, to supply the refinery in Kermanshah, western Iran, crude oil, through the transfer of quantities through dedicated trucks beginning, until the completion of the project to extend an oil pipeline for this purpose. Oil Minister Jabbar al-Allaibi said earlier that the export will start at rates of 30 to 60 thousand barrels per day can be increased, and that the Iranian side will deliver the same quantities and specifications across the common border in southern Iraq, until the completion of the extension of the pipeline. In February 2016, al-Allaibi signed with his Iranian counterpart, Beijing Zinka, a memorandum to extend a pipeline to transport Iraqi oil from the Kirkuk fields through Iranian territory and to transfer Iraqi oil from Basra to Abadan, Iran. In October 2016, al-Allaibi recommended an urgent plan for the rehabilitation and rehabilitation of the oil pipeline from the Kirkuk fields to the Turkish port of Ceyhan, through the governorates of Salah al-Din and Ninewi, to pass outside Iraqi Kurdistan. In mid-October last year, al-Allaibi, BP, called for speeding up plans for the development of oil fields in the Kirkuk region, but the British company denied an official invitation from the "Iraqi oil" in this regard. By the end of last month, the crude oil exports to the Iraqi Oil Marketing Company (SOMO) in January 2018 about 3.5 million barrels per day on average. Views 9   Date Added 27/02/2018

[yota691]

 

Al-Allaibi discusses with ExxonMobil the development of oil and gas industry in Iraq

Economie

14:50

Last updated

The time now is 02:57 PM

128

Watch

 

 

 

BAGHDAD / 
Oil Minister Jabbar Ali al-Allaibi on Tuesday discussed with US company Exxon Mobil ways to improve the oil and gas industry in Iraq. 
A press statement to the Information Office of the Minister of Oil, received by "Al-Ghad Press", that the latter received in his office in Baghdad, "the president of ExxonMobil in Iraq, Taher Hamid, and during the meeting discussed ways to improve the reality of the oil and gas industry in Iraq."

Al-Allaibi said, according to the statement, "the need to develop production in West Qurna / 1, and give priority in the operation of manpower in this project and other projects." 
For his part, the President of the company expressed his company's readiness to develop the oil industry in Iraq and adhere to the dates and plans prepared in advance to develop the West Qurna / 1 field.

[Wiljor]

Morning Yota and thanks,

 

That’s it guys play nice  

[yota691]

Baghdad Can Use KRG Pipeline to Export Kirkuk Oil: KRG

 

 

 

 26/02/2018 - 01:52

 

 

 

ERBIL — The Kurdistan Regional Government (KRG) is ready to allow the Iraqi government export Kirkuk oil via the Kurdish pipeline on the international markets.

“The Iraqi government can export the produced oil through the Kurdistan-Turkey pipeline where the state-owned SOMO manages the sale which would eventually bring more revenue to the country,” KRG Spokesperson Safin Dizayee was quoted by Kurdistan 24.

The official said Baghdad is currently exporting between 40,000 to 50,000 barrels of oil from Kirkuk to neighbouring Iran while the remaining crude is dropped back into the wells.

He revealed that the issue was discussed in the ongoing meetings between Erbil and Baghdad delegations, but a deal is yet to be reached.

Concerning other prolonged disputes between the KRG and Iraqi government, Dizayi said that no practical step has yet been taken by Baghdad towards resolving the issues despite promises.

“The demands they made regarding the number of KRG employees have all been delivered to them, and the auditing has been completed but, so far, no practical steps have been taken by Baghdad,” he stated. “Although Baghdad has expressed its readiness to implement its promises many times, none of them have been implemented yet.”

Asked about the prospects of reopening Kurdistan’s airports, the spokesperson said that there was no decision on resuming the international flights to Erbil and Sulaymaniyah airports.

[Pitcher]

  Another step in the right direction.  Thanks Yota!!

[6ly410]

This is getting good ...