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Found 5 results

  1. Minister of Oil: We have achieved more than $115 billion in exporting crude oil for the year 2022 Time: 01/03/2023 10:12:01 Read: 1,092 times {Economic: Al Furat News} The Deputy Prime Minister for Energy Affairs and Minister of Oil announced, on Tuesday, that the total revenues generated from exporting crude oil for the past year 2022 amounted to more than (115) billion dollars, according to preliminary statistics. And the media of the Ministry of Oil stated in a statement received by {Euphrates News} that "the quantities exported of crude oil amounted to more than (1) billion and (209) million barrels, and the final outcome of the daily oil export rate was approximately (3) million and (320) thousand barrels per day." . He pointed out that "the export operations were carried out according to studies of the oil market for companies of various nationalities, including (Chinese, Indian, South Korean, Turkish, Greek, American, British, French, Russian, Italian, Spanish and Dutch) and others, as well as other Arab companies." The minister praised "the efforts of the workers in the Ministry of Oil and its formations for these achievements, which have provided the federal budget with sums of money amounting to more than (115) billion dollars."
  2. Iraq earns $115bn from Oil Exports in 2022 4th January 2023 in Iraq Oil & Gas News - By John Lee - Iraq Business News The Iraqi Minister of Oil, Hayan Abdul-Ghani (pictured), has announced revenues of more than $115 billion from exporting crude oil for the year 2022. More than 1,209 billion barrels of crude oil were exported, giving a daily export rate is approximately 3.320 million barrels per day (bpd). The oil was bought by companies of various nationalities including Chinese, Indian, South Korean, Turkish, Greek, American, British, French, Russian, Italian, Spanish, Dutch and others, as well as other Arab companies. (Source: Ministry of Oil) https://www.iraq-businessnews.com/2023/01/04/iraq-earns-115bn-from-oil-exports-in-2022/
  3. Iraq confirms its commitment to reduce oil production Tuesday 29 December 2020 46 Baghdad: Saad Al-Sammak Iraq reaffirmed its full commitment to OPEC Plus's limitations in reducing crude oil production, in accordance with the decisions of the organization and its allies to reduce the oversupply and control oil prices, which fell to a low level last May. The director general of the Basra Oil Company, Khaled Hamzah, confirmed to Al-Sabah, "The export rate has stabilized at two million 700 thousand standard barrels per day, through the Al-Faw oil port." Hamzah added, "Iraq committed itself to reducing crude oil production during the last period, in accordance with the quotas specified in the organization's program, stressing continuation at this level." He explained, "The Ministry of Oil has prepared plans to implement strategic projects to double the export capacity of oil ports, which currently amount to more than (4 million barrels per day), to accommodate the expected increases in production." Meanwhile, the Ministry of Oil revealed its plan to add a new floating platform to the previous platforms within the Japanese loan, as well as new pipeline projects and periodic maintenance operations. In a statement to the ministry, Deputy Minister of Oil, Karim Hattab, said: “We are working to provide an appropriate environment for workers who are keen to maintain oil exports.” This comes after Hattab's visit to the Basra oil port last Saturday. It is noteworthy that OPEC countries and countries from outside reached an agreement to reduce production, starting from the beginning of last May, by reducing about 9.7 million barrels per day, or the equivalent of about 10 percent of the total global production, after the price of a barrel fell to a level below $ 16 a barrel, affected On the repercussions of the Corona pandemic, and US oil prices fell below zero for the first time in history.
  4. Leader of the Kurdistan Alliance Muhsin al-Sadoun Kurdistan Alliance: did not get into the budget session and we are waiting for the approval of the Baghdad agreement on oil exports Author: HH, MK Editor: AJ, HH 03.30.2014 4:35 p.m.number of readings: 25 Long-Presse / Baghdad Confirmed the Kurdistan Alliance, on Sunday, the deputies attending today to the parliament building, but they did not enter the meeting, attributing the cause to "not approve of Baghdad officially" on the process of agreement Tsdra oil fields of the region ", as pointed out that his deputies will stay in Baghdad until the approval of the central government the agreement. He said the Kurdistan Alliance MP Mohsen Saadoun at a press conference in the parliament building, and attended (range Press), "The deputies of the Kurdistan Alliance will remain in Baghdad and will attend to the parliament building waiting for the moment that declares the government approval on the initiative of the Kurdistan region to export 100 000 barrels of oil crude per day. " He Sadoun that "the deputies of the Kurdistan Alliance came today to the parliament building, hoping to go in the budget under the initiative of the Kurdistan region, especially after hearing from the parties to government welcomed this initiative," adding, "but we did not receive formal approval by the federal government," stressing that "the Vice Alliance to attend parliament sessions if approved by the Federal Government on the proposal of the Kurdistan region. " The Iraqi Parliament Speaker Osama Najafi decided, on Sunday (30 March 2014), the postponement of the 15th session of the second legislative term of the year the legislative fourth to after tomorrow, Tuesday, for lack of a quorum, while attributing parliamentary source due to the absence of the Vice-coalition united and Kurdistan . It was scheduled to witness today's meeting, the vote on the bill exempting Iraqi and foreign companies implementing investment projects, and vote on the bill modulated and vote on the bill of rights for Turkmen and vote on the draft law of the Ministry of Health and the vote on the bill the second amendment to the law of the Martyrs Foundation (No. 3) for the year 2006 amending and voting on the draft labor law, and the second reading of the draft general budget of the Federal Republic of Iraq for the fiscal year 2014, and the second reading of the proposed law a proposed first amendment to the Law No. (80) for the year 2012, and the second reading of the draft law amending the Law on Fees judicial No. (114) for the year 1981 . And ended the House of Representatives Osama Najafi during its meeting of 12 of the second legislative term of the legislative year, the fourth, which was held on 16 March 2014, the first reading of the draft budget. The head of the Iraqi Council of Representatives decided, on Wednesday (19 March 2014), adjourn the meeting of the 14th legislative term of the second legislative year, the fourth until further notice, while the session witnessed discuss the crisis taking place in Anbar province, from the human side and vote on forcing the Electoral Commission for elections not to the exclusion of candidates is governed. He expressed the Kurdistan Alliance, on Friday (28 March 2014), his willingness to attend the parliamentary session for the budget if the findings of the Tripartite Commission for "positive results" on its articles of contention, while warned the Liberal bloc of "time pressure" on all parties concerned to near the end of the legislative session and the holding of elections, called the Kurdistan region's "preference for the country's interests to his own advantage," expert opinion that any of Iraq's oil exports to reduce the budget deficit will exacerbate, and that the region could export 200 thousand b / d. It is noteworthy that of the leading paragraphs punitive contained in the budget, from the viewpoint of the Kurdistan region, one that empowers the Federal Minister of Finance deduction of the region's share of the budget if it did not in the ceiling of export oil set at 400 thousand barrels per day, and compel the Kurdistan Regional Government to use its territory and airspace and waters to extend cables optical, electrical, and only be entitled to the Minister of Finance cut its share of the budget as well. And the voice of the Council of Ministers, in (the 15 of January 2014), to approve a bill the federal budget for the Republic of Iraq for the fiscal year 2014, and forwarded to the House of Representatives based on the provisions of Article (61 / I and item 80 / item II) of the Constitution, too late for the deadline More than a hundred days.
  5. Greetings Friends, Wow, the good news of the Iraqi parliment actually just is becoming regular now! I enjoy reading the Iraq-Business News on a regular basis besides the Positives that Adam keeps bringing us. Today, Dec. 5, 2013 I was happy to read the following: Reuters reports that Baghdad and Erbil appear to have found a formula that will allow Iraqi Kurdistan to export oil to Turkey through a new pipeline. Following a meeting in Baghdad on Sunday with Iraq's Deputy Prime Minister for Energy, Hussain al-Shahristani, Turkey's Energy Minister, Taner Yildiz, said on Tuesday that an agreement over oil exports and revenue sharing could be reached this month. The wise Kurds will be placing all Profits in a Turkish National Bank; forcing Iraq to finish the agreement of around 17% for the Kurds and no longer screwing around and trying to continue bringing their share of the profit down! This is just one of the last bricks needing to be placed for the RVVV. Sincerely, BradyBear
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