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Found 5 results

  1. Iraq strengthens storage and export of crude oil Tuesday 27th April 2021 91 Basra: Saad Al-Sammak The Basra Oil Company has begun implementing plans for maintenance, rehabilitation and increasing the capacities of the storage and export system in the oil sites and ports, while confirming the continuation of understandings with the Kuwaiti side to invest in joint fields. Meanwhile, the company drew contacts with its French counterpart, Total, to reach contractual understandings to implement four diverse mega projects. The director of the company, Khaled Hamza Al-Shara, told Al-Sabah: “The Ministry of Oil has undertaken the maintenance, rehabilitation and expansion of the storage and export system capacities at oil sites and ports to absorb the available quantities extracted from crude oil from the oil licensing fields in West Qurna, Rumaila, Zubayr, and the national effort, including the Nahran fields. Omar, Artawi and Lahis. " He pointed out that "the rate of total crude oil exports for the month of April from the Basra oil ports is stable at two million and 700 thousand standard barrels per day." Al-Shara added that "oil production will continue at this declared level, in accordance with ministerial instructions, according to an organization agreement." OPEC Plus. " He explained that "the rate of crude oil production in the Basra fields currently touches 2 million and 570 thousand barrels," indicating that "the recent agreement of OPEC imposed on member states a reduction rate to control the market balance, and the supply resulting from the increase in production and the collapse of global demand as a result of the repercussions of the Corona virus on economies. Producing countries And industrial. "
  2. International destinations A specialized organization reveals the destinations of the region and the federal government's oil exports 2022.09.04 - 21:24 Baghdad - people The Kurdish "Roonbeen" organization, which specializes in transparency issues in oil and gas files, has published data on oil exports from Iraq to the federal and regional governments and global destinations for sales and exports for both sides. The British-based organization stated on its website in a report translated by "NAS" (September 4, 2022) that Iraq exported more than 112 million and 600 thousand barrels of oil during the month of August through the SOMO Company and the Kurdistan Regional Government's oil sales. The organization stated that the Kurdistan Regional Government exported 11.5 million barrels per day in August, while Baghdad exported 101.1 million barrels per day, with a total of 3.63 million barrels per day. The region's exports constitute 10.2% of the total Iraqi oil exports. They added that China is the largest buyer of Iraqi federal oil with 33.6 million barrels, followed by India with 26.3 million barrels, and the United States with 6.8 million barrels. The organization also stated that Greece is the largest buyer of oil in the Kurdistan region, followed by Italy with 2.29 million barrels and the UAE with 748,000 barrels.
  3. Iraq announces oil exports of 10.55 billion dollars in April 2022-05-01 10:11 Shafaq News/ The Iraqi Ministry of Oil announced today, Sunday, the preliminary statistics of the exported quantities of oil and the revenues achieved for the month of last April, noting that they amounted to 10.55 billion US dollars. The ministry said in a statement received by Shafaq News Agency, "The total amount of crude oil exports amounted to 101 million and 390 thousand and 662 barrels, with revenues of 10.55 billion dollars, according to the preliminary statistics issued by the Iraqi Oil Marketing Company (SOMO). She added that the total quantities of crude oil exported for the month of April from oil fields in central and southern Iraq amounted to 98 million and 100 thousand and 42 barrels, while from Kirkuk fields through Ceyhan port, the exported quantities amounted to 2 million and 991 thousand and 60 barrels. . She pointed out that the average daily quantities amounted to 3 million and 380 thousand barrels per day, indicating that the average price per barrel amounted to more than 104,091 dollars. Iraq exports most of its oil through the ports of the Persian Gulf and mono-buoys. The rest is exported through the Turkish port of Ceyhan and through oil basins to Jordan.
  4. Iraq declares oil revenues of more than 5.5 billion dollars within a month 2021-05-25 05:55 Shafaq News / The Iraqi Ministry of Oil announced, on Tuesday, the total exports and revenues achieved for the month of April, according to statistics issued by the oil marketing company "SOMO". In a statement received by Shafaq News Agency, she said that the amount of crude oil exports amounted to 88 million 398 thousand and 319 barrels, with revenues of 5 billion 549 million and 517 thousand dollars. The statistics indicated that the total exported quantities of crude oil for the month of April from the oil fields in central and southern Iraq amounted to 85 million 534 thousand and 916 barrels. As for the Kirkuk fields through the port of Ceyhan, the exported quantities reached two million, 863 thousand and 403 barrels. It indicated that the quantities and revenues of the exported crude oil shipments that were marketed at a price premium to achieve additional revenues during the month of April amounted to a total of more than 74 million 992 thousand and 080 dollars, while the average price per barrel reached 62.779 dollars.
  5. (5) billion and (782) million and (711) thousand dollars, Iraq's oil revenues for last March Time: 04/01/2021 19:14:17 Read: 3,627 times {Economy: Al Furat News} The Ministry of Oil announced, on Thursday, the total exports and revenues achieved for the month of March, according to preliminary statistics issued by the Iraqi Oil Marketing Company "SOMO". The ministry stated, in a statement that Al-Furat News received a copy of, that "the amount of exports of crude oil reached (91) million (311) thousand and (929) barrels, with revenues of (5) billion and (782) million and (711) thousand. Dollars. " She added, "The statistic indicated that the total exported quantities of crude oil for the month of March from the oil fields in central and southern Iraq amounted to (88) million and (240) thousand and (184) barrels. As for the Kirkuk fields through the port of Ceyhan, the exported quantities reached (3) one million and (71) thousand and (745) barrels. The ministry indicated that "the average daily exports amounted to (2) million and (945) thousand barrels, while the average price per barrel reached (63.329) dollars." It is noteworthy that the Ministry, through its belief in informing the people about export operations and the revenues generated from it, has taken this monthly procedure. Wafa Al-Fatlawi
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