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

[Wiljor]

Iraq, July 6, 2017 

Iraq’s Ministry of Oil has announced final oil exports for May of 101.1 million barrels, giving an average for the month of 3.261 million barrels per day (bpd), slightly more than the 3.253 bpd exported in April.

Exports from the southern terminals totalled 100.4 million barrels, with 700,000 barrels exported from Kirkuk.

Revenues for the month were $4.623 billion, at an average price of $45.727 per barrel.

businessnews

 

http://iraqdailyjournal.com/story-z15553470

[copper13]

Just a question? Is the HCL done?

[nannab]

Ah nope not that we know of. 

 

[crane]

Cooki'n the books they are good at it,and just think, that's just the figures they are telling us, makes you wonder what the real numbers are?????????????????  Now after 14 years why do they need to RV ,or add value to there money when they seem to be doing just fine, without it??????????????????????????????.

[Wiljor]

Nothing glaringly illustrates this than the flared gas through the decades

Iraq, July 17, 2017  I would like to continue from what I said last week about the statements Iraq’s oil minister Jabbar Al Lueibi and other officials. The minster said that the budget for fuel imports “comes to $1.2 billion [Dh4.4 billion] to $1.3 billion a year”, well below the $4 billion reached when oil prices were at their zenith. To discuss this, one needs reliable data and, unfortunately, the Ministry stopped publishing what is needed for meaningful observations since October 2016, and in any case the ministry’s website is more often down than up. However, Iraq provided data to the Joint Organisations Data Initiative (JODI) and the question must be asked why this data is provided to an external body and denied to Iraqis.     The data for April raises some questions and it is not clear whether this is because of the data provided by Iraq or by JODI’s interpretation. Iraq that month imported 51,000 barrels a day (b/d) of gasoline and 33,000 of diesel or 84,000 of the expensive light products, which is less than the average of 90,000-100,000-b/d a few years ago. The situation is ameliorated by the export of 6,000-b/d of LPG and 14,000 of natural gasoline. Imports would have been much higher if the troubled governorates in the north and west of Iraq were properly provided for. We may see an increase of imports now that Daesh is just about totally dislodged from Mosul and other cities. It is good that Iraq restarted exports of fuel oil rather than dumping it with crude oil exports, a practice started in 2009. The volume for April was 75,000-b/d. There may not be a financial advantage here but certainly a better option for the quality of the exported crude oil. Minister Al Lueibi managed to push the operating refineries to a higher degree of utilisation than what was observed since 2004. The refineries were operating at about 591,000-b/d or close to the limit after the loss of Baiji refinery. Draft law The ministry drafted a new law for Iraq National Oil Company (INOC) and which the Cabinet approved on March 23. The draft was reviewed in detail by Ahmad Mousa Jiad, a seasoned observer of Iraq oil and gas legislation, and described as “brief and dysfunctional”. But here, I want to comment on one point only. Apparently, INOC activities are confined to “exploration, extraction and production of oil and gas”. The legacy of foreign oil companies of completely ignoring the downstream is still persisting. The refining, gas processing, transportation and distribution of oil products are second-class activities and the new law like the old one does not want to bother with them. Iraq just does not want to learn from Aramco in Saudi Arabia, Adnoc in the UAE, KPC of Kuwait, INOC of Iran or the integrated international oil companies elsewhere. On the gas side, the minister said that Iraq would “capture 1.36 billion standard cubic feet per day (bcfd) of gas.” Yet, Ihsan Ismael, the director-general of South Gas Company (BGC), said it will process 970-bcfd by the end of the year, which is “almost half of BGC’s contractual capacity and hitting the 2-bcfd by 2020.” The difference with the minister’s number is too large and far exceeds the possibility of other gas processing plants. Iraq is flaring huge quantities of gas, and the production and flaring in the first nine months of 2016 was 2.658- and 1.681-bcfd respectively. Compared to the 2009 average, production has increased by 90 per cent while flaring increased by 136 per cent. One study after another The director-general goes on to say that the plan “could add another 2 billion-bcfd by 2022.” One cannot escape the thought as to how much more gas would be flared as production rises. It is surprising that four years of operations were not enough to rehabilitate the plants in the south to process more gas and equally painful that no new gas processing facilities were contracted. All we have is one study after another. It took less than three years to build the great south gas project in the 1980s. Minister Lueibi did indeed move to invigorate BGC by allocating money, but this is not enough, especially as Iraq started to receive Iranian gas at a high cost. The flared gas in 2016 is about equivalent to 280,000-b/d of oil, which is probably the liquid fuel going wastefully into power generation. This is about $12 billion a year at today’s low oil prices. The loss in a year is probably sufficient to double the gas processing capacity and the capacity of the delivery system to consumers. The battle for gas in Iraq should be one of national priority. gulfnews   http://iraqdailyjournal.com/story-z15611253

[yota691]

Oil announces the final statistics of oil exports for the month of June

Economy News _ Baghdad The Ministry of Oil, on Tuesday, the rate of exports and revenues achieved for the month of June, according to the final statistics issued by the Iraqi oil marketing company "Sumo", which amounted to more than 98 million barrels revenue of more than 4 billion dollars.  The spokesman for the Ministry of Oil Assem Jihad in a statement received "Economy News" a copy of it, "The total quantities exported crude oil for the month of June from the oil fields in central and southern Iraq amounted to more than 97 million and 500 thousand barrels revenues of 4 billion and 117 million Dollars, while the total exports of Kirkuk oil 700 thousand barrels, with revenues amounted to 27 million dollars. "  Jihad said that "the average price per barrel was (42,200) dollars," noting that "

Views 7   Date Added 25/07/2017

 

[Wiljor]

 

 

yesterday......

Iraq, July 30, 2017 

A lawmaker from the Kurdistan Democratic Party (KDP), Dilshad Shaaban, said the referendum for a Kurdish state will not result in the closure of Iraqi Kurdistan Region’s borders with neighboring countries.

The independence referendum will result in a stronger relationship between the Kurdistan region and Turkey, Shaaban said. He is a member of the Energy and Water Resources Committee in the Kurdistan Parliament.

“Holding the referendum will not have a negative impact on the economic relationship between Turkey and the Kurdistan Region, but rather it strengthens the bilateral relation,” the KDP official told Turkey’s state-run news outlet, Anadolu Agency.

 

Iraqi Kurdistan is now capable of exporting oil and gas to Turkey, which is able to satisfy more than 50 percent of the country’s demand, he added.

The exchange business between Turkey and the Kurdistan Region continued and is worth $8 billion U.S. dollars per year, according to Shaaban.

There are more than 52 oil companies operating in the Kurdistan Region’s oil fields and more than 20 additional oil reserves are ready to operate, he continued.

Turkey and the Kurdistan Regional Government (KRG) signed a 50-year energy deal which resumed the flow of Kurdish oil to international markets, despite the federal government’s demands for an immediate halt to sales.

The details of the energy agreement struck between the KRG and Turkey have remained a secret ever since it was declared by Prime Minister Nechirvan Barzani during a parliament session in June, 2014.

Lawmakers and political figures have previously criticized the KRG and accused the government of not being transparent with oil exports and revenues.

Kurdistan considered as the most corrupted part of Iraq. Members of the Kurdistan Parliament have claimed that millions of dollars have gone missing from the region. The region’s Ministry of Natural Resources has rebutted those accusations as unfounded.

A Kurdish lawmaker said in March 2017 the amount of $1.266 billion from oil exports and Iraqi Kurdistan’s revenue has gone missing over the last three months.

Iraqi Kurdistan officials including Massoud Barzani clan, Jalal Talabani family and PUK leaders have long been accused by the opposition and observers of corruption or taking government money.

KDP leader Massoud Barzani has been accused by critics of amassing huge wealth for his family instead of serving the population. Barzani’s son is the Kurdistan region’s intelligence chief and his nephew Nechirvan Barzani is the prime minister.

ekurd

http://iraqdailyjournal.com/story-z15677825

[yota691]

4 billion dollars Iraq's revenues from oil during the past month

Spokesman for the Ministry of Oil Assem Jihad "Internet"

Economy News Baghdad:   Iraq's oil exports last month amounted to more than 100 million barrels and revenues exceeded four billion dollars, the Oil Ministry announced on Tuesday.   The ministry spokesman Assem Jihad said in a press statement received by "Economy News" that "according to preliminary statistics from the Iraqi oil marketing company Sumo, the amount of exports of crude oil from the oil fields in central and southern Iraq for the month of July last 100 million and 144 thousand and 814 barrels" , Pointing out "the lack of registration of a statistical export of quantities of crude oil to Kirkuk fields through the port of Ceyhan, Turkey."   Jihad said that "the daily rate of exports amounted to 3 million and 230 thousand barrels," noting that the revenues from these exports amounted to more than 4 billion and 386 million dollars and the average price per barrel amounted to 43,798 dollars.   The Ministry of Oil announced in early July that the Iraqi oil exports for the month of June amounted to more than 98 million barrels of revenues more than 4 billion dollars.       Views 46   Date Added 08/01/2017

[yota691]

Iraq announces the preliminary statistics of the quantities exported from crude oil last month

economy

 Since 2017-08-01 at 12:46 (Baghdad time)

Baghdad Mawazine News

The Ministry of Oil announced on Tuesday the rate of exports and revenues achieved last July, where the amount of exports of crude oil more than (100) million and (144) and (814) barrels, with revenues of more than (4) billion and (386) ) Million dollars.

The spokesman for the ministry Assem Jihad in a statement received / Mawazine News / a copy of it, "The total quantities exported crude oil for the month of July from the oil fields in central and southern Iraq, according to preliminary statistics issued by the Iraqi oil marketing company" Sumo ", more than (100) million and (144) thousand and (814) barrel, "noting," while the statistics did not record the export of quantities of crude oil to Kirkuk fields through the port of Ceyhan, Turkey. "

Jihad added that "the daily rate of exports amounted to (3) million and (230) thousand barrels," pointing out that "the average price per barrel was (43,798) dollars." Ended 29 / a 43

[DinarThug]

Thx Yo' !  

 

 

Minstry Spokesman Declares Oil Revenue 'Jihad' - And That's $US Billions With A 'B' B-otches!  

 

     

 

 

 

http://economy-news.net/conten.....hp?id=8520

4 billion dollars Iraq's revenues from oil during the past month

 

1st August, 2017

 

Iraq's oil exports last month amounted to more than 100 million barrels and revenues exceeded four billion dollars, the Oil Ministry announced on Tuesday.

The ministry spokesman Assem Jihad said in a press statement received by "Economy News" that "according to preliminary statistics from the Iraqi oil marketing company Sumo, the amount of exports of crude oil from the oil fields in central and southern Iraq for the month of July last 100 million and 144 thousand and 814 barrels" , Pointing out "the lack of registration of a statistical export of quantities of crude oil to Kirkuk fields through the port of Ceyhan, Turkey."

Jihad said that "the daily rate of exports amounted to 3 million and 230 thousand barrels," noting that the revenues from these exports amounted to more than 4 billion and 386 million dollars and the average price per barrel amounted to 43,798 dollars.

The Ministry of Oil announced in early July that the Iraqi oil exports for the month of June amounted to more than 98 million barrels of

revenues more than 4 billion dollars

[yota691]

Export 100 million and 144 thousand barrels of oil

02/8/2017 12:00 am    The rate of oil exports during the last month, more than 100 million and 144 thousand barrels, revenues exceeded four billion. The Ministry of Oil said in a statement received "morning", a copy of it, the rate of exports and revenues achieved for the month of July, according to preliminary statistics issued by a marketing company Iraqi oil "Sumo", amounted to more than 100 million and 144 thousand and 814 barrels, noting that revenues exceeded four billion and 386 million dollars.  For his part, spokesman of the ministry, Assem Jihad, according to the statement, the daily rate of exports amounted to three million and 230 thousand barrels, at (43,798) dollars per barrel, pointing out that the statistics did not record the export of crude oil from the fields of Kirkuk through the port of Ceyhan.

[The Englishman]

NOC halts oil exports from Kirkuk to Turkey's Cehyan port

By 36 minutes ago

 

ERBIL, Kurdistan Region - The North Oil Company (NOC) has halted its oil exports to Turkey's Ceyhan port, said a source, believing the decision was political.
 
An unnamed source from the NOC told Rudaw that starting from today upon a decree from Baghdad oil exports from Baba Gurgur, Jambour and Khabaza oil fields under the control of the NOC have been stopped.
 
He explained there were no technical issues but the decision was more political.
 
He said the halt would damage oilfields by large volumes.
 
"Some 160,000 barrles of oil were being produced and exported outside through the Kurdistan Region’s pipelines," he said, adding that, "due to the halt, we are forced to once again store the oil underground damaging the fields and even the environment."
 
Havana and Bi Hassan oilfields, operated by the Kurdistan Regional Government (KRG), he said would continue to extract and export oil, an estimated 250,000 bpd on a daily basis. 
 
Currently, Kirkuk’s oil is exported through the KRG’s pipeline to Turkey’s Ceyhan port. Under an agreement between Erbil and Baghdad made last year, half of the revenues of sales of Kirkuk’s oil go to the Kurdistan Region.
 
Last week Iran and Iraq agreed to strengthen their energy-sector ties, including the possible construction of a pipeline to export Kirkuk’s crude oil to refineries in Iran, possibly from the NOC oilfields. 

[Hotcurl]

Interesting timing / sequence of events considering the up coming OPEC meeting.

One topic up for discussion will be the earlier waiver on Iraq's production quota.

Semper Fi

GO RV

[yota691]

Iraq seeks to strengthen its economy through oil

12/8/2017 12:00 am    Memorandums of understanding with neighboring countries and the search for new ways to export  Baghdad / follow - up Farah pumice  Iraq seeks to strengthen its oil production , which result in the strengthening of the economy in general, through several measures and movements , including the common fields investment and ensure the provision of huge stocks and the search for new ways to export.  Oil Minister Jabbar Ali al-Allaibi announced Iraq's keenness to strengthen bilateral relations with neighboring countries and increase the volume of cooperation in all fields, including the oil and gas sector and energy through the conclusion of agreements or memorandums of understanding in order to enhance the state of economic integration between them and achieve the common goals and interests of the countries of the region and contribute to Strengthening its economic, political and security stability.  He said relations with neighboring countries and Arab countries have witnessed a significant positive development in the last few years, including the signing of a series of memorandums of understanding and cooperation with Jordan, Egypt, Kuwait, Saudi Arabia, Iran and others.  The oil expert, Hussein Marzouk, told "Sabah" that "Iraq has achieved in recent years significant achievements in the oil file."  He pointed out that "the most prominent of these achievements is the stability of the production ceiling and quality, as well as ensure the sale of countries, and the signing of agreements for export in the future and the search for new ways to export its production, which achieve unprecedented stability in the history of Iraq.  The Ministry of Oil has announced the rate of exports and revenues achieved for the month of July, according to preliminary statistics from the Iraqi oil marketing company "Sumo" , The amount of exports of crude oil more than 100 million and 144 thousand and 814 barrels with revenues of more than 4 billion and 386 million dollars.  In this regard, the spokesman of the Ministry of Oil Assem Jihad, "The total quantities exported crude oil for the month of July from the oil fields in central and southern Iraq amounted to more than 100 million and 144 thousand and 814 barrels, while the statistics did not record the export of quantities of crude oil fields Kirkuk, through the port of Ceyhan, pointing out that the daily rate of exports amounted to 3 million and 230 thousand barrels, the average price per barrel $ 43,798.  Oil prices fell on Friday, affected by continuing fears of oversupply, despite the decline in US crude inventories more than expected  By 0652 GMT GMT Global Brent 51.62 dollars a barrel , down 28 cents or 0.54 percent from the previous close. This is the lowest level since the first of August.  WTI fell 32 cents, or 0.66 percent, to $ 48.27 a barrel, its lowest level since July 26.  US stocks also fell sharply, with Dow and Nasdaq scoring hundreds of points lower as investors feared rising tensions between the United States and North Korea.  Phil Flynn, an analyst at Price water house Coopers in Chicago, said: "The decline in the US stock market led to weak performance in the oil market.  "The demand picture is bleak with stocks falling, gold remains high, confirming my skepticism that it is a fear-driven trading." On the supply side, a representative of Russian oil company Gazprom said the company sees "economic feasibility" of resuming production Old fields after the end of the global agreement between OPEC and non-member countries.

[southbeach]

Shut up Satan.  The God I serve has this and more.

[Gypsygirl11]

18 minutes ago, southbeach said:

Shut up Satan.  The God I serve has this and more.

What does this mean? SMH again, sigh

[Jaxinjersey]

3 minutes ago, Gypsygirl11 said:

What does this mean? SMH again, sigh

[southbeach]

Negative spirits/people are enemies of God and His creation.  

[yota691]

Iraq announces the export of 100 million barrels of oil last month

economy

 Since 2017-08-23 at 14:09 (Baghdad time)

Baghdad Mawazine News

The Ministry of Oil, Wednesday, the rate of exports and revenues achieved for the month of July, according to the final statistics issued by the Iraqi oil marketing company "Sumo".

"The total quantities of crude oil exported last July from oil fields in central and southern Iraq amounted to 100 million barrels with revenues of (4) billion and (400) million barrels of oil, Million dollars, "adding that" while the statistics did not record the export of quantities of crude oil to Kirkuk fields through the port of Ceyhan, Turkey. "

Jihad added that "the average price per barrel amounted to (44) dollars."

The Spokesman pointed out that "the exported quantities were loaded by (33) international companies of different nationalities, from the ports of Basra and Khor Al-Amaya and the monolithic buoys on the Gulf."

[Wiljor]

Thanks Yota,  now that they have some steady cash flow perhaps they might revisit HCL  

[Synopsis]

3 hours ago, yota691 said:

Jihad added that "the average price per barrel amounted to (44) dollars."

 

If I remember right, the revised budget is based on $44.40/barrel. Maybe this article is inferring the oil income is nominally able to support the current budget even with the budgeted shortfall.

 

Could be Good News!!!

 

Go Moola Nova!

[Wiljor]

6 minutes ago, Synopsis said:

 

If I remember right, the revised budget is based on $44.40/barrel. Maybe this article is inferring the oil income is nominally able to support system" rel="">support the current budget even with the budgeted shortfall.

 

Could be Good News!!!

 

Go Moola Nova!

 

100 million barrels of crude, that's some serious coinage. 

Good morning brother Synopsis, wishing a great day and week  

[Synopsis]

5 minutes ago, Wiljor said:

 

100 million barrels of crude, that's some serious coinage. 

Good morning brother Synopsis, wishing a great day and week  

 

!!!Igualmente Mi Hermano!!! (Same to You, my Brother!!!) 

[yota691]

Iraq announces the amount of oil exported and revenues achieved during last August

 

 Since 2017-09-02 at 11:20 (Baghdad time)

Baghdad Mawazine News

The Ministry of Oil announced on Saturday the rate of exports and revenues achieved for last month, according to preliminary statistics issued by the Iraqi oil marketing company "Sumo", where the amount of exports of crude oil more than (99) million and (700) and (761) ) With revenues of more than (4) billion and (608) million dollars.

The spokesman for the Ministry of Oil Assem Jihad said in a statement received by (Mawazin News), "The total quantities exported from crude oil last month of oil fields in central and southern Iraq amounted to more than (99) million and (700) thousand and (761) , While statistics are recorded exports from the fields of Kirkuk. "

He pointed out that "the daily rate of exports amounted to (3) million and (216) thousand barrels."

He added that "the average price per barrel amounted to (46,223) dollars."

[yota691]

Oil: Export of 3.240 million barrels per day last September

Release Date: 2017/10/2 10:43 • 176 times Read

(Baghdad: Al-Furat News) The Ministry of Oil announced the rate of exports and revenues achieved for the month of September, according to preliminary statistics issued by the Iraqi Oil Marketing Company (SOMO).

"The amount of exports of crude oil amounted to more than 97 million 204 thousand 267 barrels, with revenues of more than 4 billion and 882 million dollars," ministry spokesman Assem Jihad said in a statement received by the Euphrates News Agency. 
He pointed out that "the total quantities exported of crude oil for the month of September from the oil fields in central and southern Iraq amounted to more than 97 million 204 thousand and 267 barrels, while the statistics did not record exports from the fields of Kirkuk." 
Jihad pointed out that "the daily rate of exports amounted to 3 million and 240 thousand barrels," pointing out that "the average price per barrel was $ 50 and 225 cents."