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

[yota691]

Oil Minister: Kirkuk's exports will remain restricted at 90 thousand barrels

Release date: 2018/12/26 13:01 • 83 times read

BAGHDAD (Reuters) - Iraq's oil exports from the Kirkuk fields to the Turkish port of Ceyhan will remain between 80,000 and 90,000 bpd, Oil Minister Thamer Ghadhban said on Wednesday.

"Most of the raw material is being diverted to feed the refineries in the north," Ghadhban told a news conference. 
At the same press conference, Farid Al Jader, director of the North Oil Company, said that "the current production of Kirkuk fields is about 370 thousand barrels per day." 
"A technical team of British BP is now working in Kirkuk and will prepare a study to review plans to increase production by the end of 2019."

[yota691]

Iraq achieves $ 6.1 billion of its oil exports last November

 

Oil field

Arab and international Economy News Baghdad The Ministry of Oil announced Wednesday, the total oil exports and revenues for the month of November last, noting that it amounted to 101.3 million barrels worth 6.1 billion dollars. The ministry said in a statement received by "Economy News", the amount of exports of crude oil amounted to "(101) million and (313) thousand and (958) barrels (one hundred and one million and three hundred and thirteen thousand and nine hundred and fifty-eight barrels), with revenues of (6) ) Billion and (195) million and (345) thousand dollars (six billion and one hundred and ninety-five million and three hundred and forty-five thousand dollars). " The statement added that "the total quantities exported crude oil for the month of November last of the oil fields in central and southern Iraq amounted to (100) million and (895) thousand and (342) barrels, with revenues amounted to (6) billion and (175) million and (617) thousand dollars, while the exported quantities of Kirkuk oil through the port of Ceyhan (261) and (466) barrels, revenues amounted to (14) million and (149) thousand and (494) dollars, and exported from the oil field Qayara (157) (150) barrels, with revenues of (5) million and (578) thousand and (825) dollars. " He pointed out that "the average price per barrel amounted to (61,150) dollars," noting that "the exported quantities were loaded by (37) international companies of different nationalities, from the ports of Basra and Khor al-Amayah and monsoons on the Gulf." Views 16   Date Added 26/12/2018

[yota691]

Iraqi oil: Kirkuk exports less than 100 thousand barrels

 

Wednesday, December 26

 

 

Alsumaria News / Baghdad ,  Oil Minister Thamer Ghadban , on Wednesday, said that the exports of Iraq 's oil fields of Kirkuk north to the Turkish port of Ceyhan is less than 100 thousand barrels per day.  According to Reuters , quoting Ghadhban as saying that "Iraq 's oil exports from the northern Kirkuk oilfields to the Turkish port of Ceyhan between 80 and 90 thousand barrels per day, as being most of the raw product conversion to feed refineries in the north."  For his part, said the director of the North Oil Company, Farid al-Jader said that "the current production of Kirkuk fields of about 370 thousand barrels per day," noting that "a technical team belonging to BP is now working in Kirkuk and will prepare a study to review plans to increase production by the end of 2019." He added that "BP is currently working in the North Oil Company to develop technical studies to re-evaluate the entire production and how to increase the fields of Kirkuk," noting that "the company is on the ground and expects the end of next year to complete the submission of final studies before it is agreed with Company ".  The oil ministry announced in January 2013, a preliminary agreement with the " BP " to develop the Kirkuk oil field.

[yota691]

27-12-2018 02:27 PM

Iraq earns more than $ 6 billion and $ 175 million in oil last month

 

 

 

 

Baghdad / News

The oil ministry said on Thursday that the oil produced amounted to 4 million and 455 thousand barrels per day, while the exports amounted to 3 million and 377 thousand barrels per day .

The ministry said in a statement that 'the export rate of the province amounted to 432 thousand barrels per day under the measurements of the tank and loaded on the tanker supplied by the company marketing the oil', indicating that 'the rate of loading from the station Qayara to the southern port (Khor al-Zubair' 5 thousand per day ).

And announced the 'total quantities of crude oil exported last November from oil fields in central and southern Iraq', indicating that «amounted to 100 million and 895 thousand and 342 barrels, with revenues amounted to 6 billion and 175 million and 617 thousand dollars 

[nannab]

 Thank ya Yota 

[yota691]

Iraq: $ 6.1 Billion in Oil Exports in December

Iraq's oil fields

 02 January 2019 11:54 p

RIYADH - The Iraqi Ministry of Oil announced the total oil exports and revenues achieved for the month of December 2018, according to preliminary statistics issued by the Iraqi Oil Marketing Company (SOMO).

The total volume of exports of crude oil, according to a statement issued by the ministry on Tuesday, 115.52 million barrels, with revenues amounted to 6.1 billion dollars.

The spokesman for the Ministry of Oil Assem Jihad, that the total quantities exported crude oil for the month of December from oil fields in southern and central and northern Iraq amounted to 115.52 million barrels.

Jihad added that the total exported quantities of oil fields in central and southern Iraq amounted to 112.45 million barrels, while the total quantities exported from the northern fields through the Turkish port of Ceyhan 3.07 million barrels.

Jihad said that the average price per barrel was 52.8 dollars, and that the daily rate of oil exports from the south of the country reached 3.73 million barrels.

The daily average of exports through the northern port was 99 barrels, according to the statement.

[yota691]

Iraq refuses to use Saudi Arabia oil port built with money

 

Working in an oil field. "AFP"

Arab and international Economy News Baghdad A senior Iraqi official revealed that his country is seeking explanations from the Saudi side about the Kingdom's recent use of an oil port on the Red Sea, which was built with Iraqi funds as part of an agreement concluded between the two countries to diversify Iraqi oil export sources. However, While experts in the oil sector described the Saudi move as a "hands-on" on Iraqi investments. The project includes the extension of a strategic oil pipeline from the fields of Basra in southern Iraq, with a capacity of 1.6 million barrels per day and ends in Saudi territory at the port of Majaz, near the port of Yanbu Saudi Red Sea. The port was built according to an agreement between the two countries with Iraqi funds, Riyadh has the right to act without returning to Baghdad as the owner of the right to invest in it. The port of Al-Majas opened the Iraqi Ministry of Oil, and representatives of Western and local companies contributed to the completion of the project. The export operation began before the first Gulf War broke out following the Iraqi invasion of Kuwait. However, it stopped exporting after the Iraqi pipeline stopped in 1990, while the name of the port was changed during the last period from the port of Majaz to the southern port of Yanbu. In May 2017, Reuters quoted Saudi officials as saying that the state oil giant Aramco plans to inaugurate the Red Sea port of the Red Sea resort next year, bringing its total loading and export capacity to 15 million barrels per day. Her official Twitter account clearly shows this. According to an Iraqi official in Baghdad spoke to the "new Arab", "the Iraqi government is determined to clarify the Saudis about the port of Al-Maajaz and direct unilateral use it," adding: "The port was built with Iraqi funds, which is like any investment project governed by laws and agreements, Clarification from the Saudi side that the subject is circulating in Iraq and there are pressures from political forces around him. " Issam Chalabi, former Iraqi oil minister for the "New Arab", described the use of the port by the Saudi authorities as a "handshake", pointing out that this has been going on since 2000. Chalabi explained that he was the opening of the port at the time, for the export of Iraqi oil on the seventh of January 1990 and continued until the second of August of the same year. "The Saudi authorities put their hands on all parts of the project in 2000, including the Iraqi pipeline that Saudi Arabia is now using in its territory, but two months ago I heard that they would use it to export oil. . "Saudi Arabia and other countries have given themselves in the light of Security Council resolutions the right to seize Iraqi interests and companies. For example, Syria has taken over the Iraqi pipeline to the port of Banias, and Egypt has put its hand on Iraqi assets, including precious equipment that were in the port of Nuweiba on the Red Sea and shipments were inside the Suez Canal, and gave itself the right to confiscate, after the Gulf War, and the same for the Saudis, and seized Iraqi companies in other countries. According to Moussaoui, Riyadh initiated in the light of the wave of punitive decisions on Iraq to seize the pipeline and the port, as compensation for the occupation of Iraq, the city of Khafji and the bombing of Riyadh with rockets. He added: "The subject is a legal issue, and Baghdad should accelerate the selection of a team of lawyers and international experts on this file to retrieve the funds of the country, and international courts can intervene in this file to determine whether Saudi Arabia passed international law or not on Iraq and its interests, One party?". He continued: "No one in Iraq can move on this issue, only through the Iraqi government because it is the only legitimate right to do so." "Was the damage caused by Iraq to Saudi Arabia, for example, the assessment of the value of the pipeline and the port and how it was done and on any legal basis? "We have received information that Saudi Aramco wants to use this port for the export of oil, and we believe that the issue needs to be reviewed with Baghdad, specifically the ministries of oil and foreign affairs, and an approach," said Razak Muhaibis, a member of the oil and energy committee in the Iraqi parliament. The Saudi side to end this file, because the port is built with Iraqi funds with the pipeline currently used by the Saudis. " In the past decades, there has been a tendency for Iraq to export oil through the Red Sea, such as diversifying ports and expanding the base of its buyers. , And the problems that followed must be reset including the subject of the pipeline and the port, adding: "The House of Representatives and the Iraqi government will certainly stop in this regard." According to Salam al-Shammari, a member of the coalition of "Saron", "the confiscation of the port built with Iraqi funds, illegal, the resolutions of the Security Council against Iraq did not include any action in this regard, did not refer to him from near or far." "It is natural that Iraq and Saudi Arabia are holding talks to reach a solution that will contribute to improving the neighborly relations, especially if Riyadh agrees to return the pipeline within a new agreement in which Iraq will regain its rights." Sources point out that Iraq seeks to resolve many outstanding issues related to oil production and export projects. Iraq's oil minister, Jabbar al-Luaibi, said last June that Iraq was working to raise oil production to 7.5 million bpd in 2024, allocating 6 million barrels for export and 2.5 million barrels for domestic consumption. The current production capacity is close to 5 million barrels per day, of which about 3.5 million barrels. Iraq, OPEC's second largest oil producer, pumps most of its daily production from oil fields in the south of the country and ships it through the port of Basra province, with most of the crude oil exports heading to Asia. Source: The New Arab Views 21   Date Added 03/01/2019

[yota691]

Iraq demands Saudi Arabia to clarify its "hand" on one of its oil ports

Thursday, January 3,

 

 

Iraq demands Saudi Arabia to clarify its "hand" on one of its oil ports

A senior Iraqi official revealed that Iraq is seeking clarification from the Saudi side about the Kingdom's recent use of an oil port on the Red Sea.

"The port was built with Iraqi funds as part of an agreement reached in the late 1980s between the two countries aimed at diversifying Iraqi oil export sources, but it was stopped after the Gulf War," Gulf media said, while experts in the oil sector described Saudi Arabia as a "hands on" Iraqi. 


      The project includes the extension of a strategic oil pipeline from the fields of Basra in southern Iraq, with a capacity of 1.6 million barrels per day and ends in Saudi territory at the port of Majaz, near the port of Yanbu Saudi Red Sea. The port was built according to an agreement between the two countries with Iraqi funds, Riyadh has the right to act without returning to Baghdad as the owner of the right to invest in it.

      The Iraqi Ministry of Oil opened the port of Al-Majaz, and representatives of Western and local companies contributed to the completion of the project and started the export operation before the first Gulf War broke out following the Iraqi invasion of Kuwait, but stopped exporting after the interruption of the Iraqi pipeline in 1990, From the port of Miracle to the southern port of Yanbu. 

        In May 2017, Reuters quoted Saudi officials as saying that the Saudi state oil giant Aramco plans to inaugurate the Red Sea port of the Red Sea resort next year, bringing its total loading and export capacity to 15 million bpd. Aramco also published details Through her official account on twitter it is clearly shown.


      According to an Iraqi official in Baghdad, speaking to "the new Arab", "the Iraqi government is determined to clarify the Saudis about the port of Al-Maajaz and unilateral use of it," adding that "the port was built with Iraqi funds, which is like any investment project governed by laws and agreements, Clarification from the Saudi side that the subject is circulating in Iraq and there are pressures from political forces around him. " 

      Issam Chalabi, the former Iraqi oil minister, described the use of the port by the Saudi authorities as a "handshake", pointing out that this has been going on since 2000.


  Chalabi explained that he opened the port at the time, for the export of Iraqi oil on the seventh of January 1990 and continued until the second of August of the same year. "In 2000, the Saudi authorities put their hands on all parts of the project, including the Iraqi pipeline that Saudi Arabia is now using in its territory, but two months ago I heard they would use it to export oil," he said. 


    Finished / mw

[yota691]

Baghdad demands Riyadh to clarify the position of one of Iraq's oil ports

01:04 - 03/01/2019

 

 

 

BAGHDAD (Reuters) - 
An Iraqi official revealed Thursday that Iraq intends to seek clarification from Saudi Arabia that used an oil port on the Red Sea that was built with Iraqi funds. 
The official said, according to the newspaper "the new Arab country", "Iraq is seeking clarification from the Saudi side on the use of the Kingdom in the recent port of oil on the Red Sea, was built with Iraqi funds in an agreement concluded at the end of the eighties between the two countries to diversify sources of Iraqi oil exports, But it stopped after the Gulf War. "
He added that "the project includes the extension of a strategic oil pipeline from the fields of Basra in southern Iraq, with a capacity of 1.6 million barrels per day and ends in Saudi territory at the port of Majaz, near the port of Yanbu Saudi Red Sea, and the export port was built according to an agreement between the two countries with Iraqi funds, States that Riyadh has no right to act without returning to Baghdad as the owner of the right to invest in it. " 
The official pointed out that "Iraq is determined to clarify from the Saudis about the port of Al-Maajaz and direct unilateral use," noting that "the port was built with Iraqi funds, which is like any investment project governed by laws and agreements, and will be clarification from the Saudi side that the subject is circulating in Iraq "Ending 29 / a 43

[yota691]

More than one billion barrels of oil exports for 2018

12:14 - 03/01/2019

 

 

 

BAGHDAD - 
The Ministry of Oil announced on Thursday the total oil exports for 2018, which amounted to 1 billion and 277 million barrels, indicating that 37 international companies bought Iraqi crude oil. 
"The total oil exports for the year 2018 amounted to 277 million and 671 thousand barrels," said the company marketing the oil (SOMO) of the ministry in a statistical on its official website, "Mawazine News," indicating that "the monthly export rate amounted to 106 million and 472 thousand barrels, 3 million and 500 thousand barrels per day. " 
The company added that "revenues from sales of crude oil amounted to 83 billion and 680 million dollars and the rate of 5.081 billion dollars per month," explaining that "the average price of the monthly sale of crude oil amounted to 60 dollars and 488 cents." 
She noted that "37 international companies and various Asian, European and American nationalities bought Iraqi oil."

[Butifldrm]

 

2019/01/03 11:47

• Number of readings 44
• Section: Iraq
•  

Iraq refuses to use Saudi Arabia oil port built with money

BAGHDAD (Reuters) - An Iraqi official said on Thursday (December 3, 2019) that Saudi Arabia had used an oil port on the Red Sea, which was built with Iraqi funds, while the Iraqi side objected. 

The Gulf newspaper quoted the official as saying that "Iraq is seeking clarification from the Saudi side on the use of the Kingdom in recent period a port of oil on the Red Sea, was built with Iraqi funds as part of an agreement concluded at the end of the eighties between the two countries to diversify sources of Iraqi oil export, but stopped after the war Gulf".

"The project includes the extension of a strategic oil pipeline from the fields of Basra in southern Iraq, with a capacity of 1.6 million barrels per day and ends in Saudi territory at the port of Majaz, near the port of Yanbu Saudi Red Sea. The port was built according to an agreement between the two countries with Iraqi funds, However, Riyadh has no right to act without returning to Baghdad as the owner of the right to invest in it. " 

"The port was built with Iraqi funds, which is like any investment project governed by laws and agreements, and will be sought from the Saudi side that the issue is circulating in Iraq," he said.

The port of Al-Majas started exporting before the first Gulf War broke out. However, it stopped exporting after the Iraqi pipeline stopped in 1990. The port was changed during the last period from the port of Al-Majas to the southern port of Yanbu.

Follow the obelisk

 

http://almasalah.com/ar/news/160141/العراق-يرفض-استخدام-السعودية-ميناء-نفطيا-شيد-بأمواله

[yota691]

General Manager of Basra Oil Company: Our second position in the world after Saudi Arabia

Monday, 07 January 2019 40

 

Basrah / Saad Al Sammak

While the Director General of Basra Petroleum Company that the company occupied the position of advanced in the world oil market and is the second largest source in the Organization of OPEC after Saudi Aramco, warning that it was subjected to an inflammatory campaign recently to get rid of this status adopted methods of disinformation and falsification of facts and come under the blackmail and pressure Some officials intervened to grab positions and cancel the company's sanctions against their relatives for violating the law and assaulting public money.  

Director General Ihsan Abdul-Jabbar said during a press conference attended by "Al-Sabah" that what happened in an organized media attack against him was mainly aimed at the company's policy and the measures taken against those who proved by the categorical evidence of committing financial irregularities and exploiting the job position for personal interests, Indicating that the campaign is instigated behind the personalities and the views of some of them motivated by personal defamation in order to appoint their relatives in senior positions of the company and others aim to reduce the size and strength of the company by influencing the oil market and its relations with the major oil companies invested in the operational contracts and Scientific and confuse the relationship with the outer perimeter .. especially as investors and the makers of the world are focused on energy and sedate classification of the company's financial stability and security and cleanliness of the hands of officials, especially when planning to invest billions of dollars annually. 

Director of Ihsan pointed out that the Basra Oil Company occupied the strongest economic position in the world oil market and is the second largest source in OPEC after Saudi Aramco and the most important centers of polarization of oil industries in the world and the region as the rate of exports through the ports of Basra about 3 million and 640 thousand barrels per day, Production in the fields of Basra about 3 million and 200 thousand barrels per day.     

The assistant director general of the company, Salah Mahdi, said during the conference that the Basra Oil Company prepared a plan to train local workers on the various skills and professions needed by companies investing in oil fields in implementation of the directives of the Minister of Oil Thamer Ghadhban for the purpose of replacing local workers instead of foreign, In the fields with the senior management of the company for the purpose of increasing the absorption of local labor, noting that the instructions of the first round of licenses set the size of local employment up to 85 percent of the percentage of workers within their positions, the second round was 50 percent of the size of its workers.  

[10 YEARS LATER]

Don’t care - no Globally Recognized Currency  - Blow it out your butt !

 

Thank you for all that you do .... deepest appreciation. One day at at a time they’re getting there. 

Edited January 9, 2019 by 10 YEARS LATER

[yota691]

Iraq announces important decision in oil production

Release Date: 2019/1/11 20:12 • 597 times read

Iraq plans to increase production from the Majnoon oilfield in the south of the country to 290,000 barrels per day by the end of 2019 and to 450,000 barrels per day by the end of 2021 from the current level of 240, Basra Petroleum General Manager Ihsan Abdul Jabbar said. Thousand barrels a day.

Iraq's oil exports from the south of the country were just under 3.6 million bpd since the start of January, after hitting a record high of 3.63 million bpd in December, Abdul Jabbar said in an interview late on Friday. 
Hyundai Engineering is leading the contestants to win a tender to build a vital water injection project in southern Iraq's oilfields aimed at increasing production capacity for OPEC's second largest oil producer, he said. 
Abdul-Jabbar said that Iraq plans to operate a new pipeline for the export of oil capacity of 700 thousand barrels per day by the end of 2019. 
He also said that Iraq has approved an investment budget of about $ 7 billion for the year 2019 to develop five giant oil fields in the Basra region.

[Pitcher]

India’s BPCL to boost oil imports from Iraq more than three-fold

 

January 13 2019 09:34 PM

BPCL has expanded its Kochi refinery in southern Indian state of Kerala to 15mn tonnes a year from 9.5mn. The expansion allows it to process more dirtier crudes that are cheaper. Flames emerge from flare stacks at the oil fields in Basra (file). Iraq is the biggest supplier of crude oil to India, which imports more than 80% of its requirements.

 

India’s Bharat Petroleum Corp will increase oil purchases from Iraq more than three-fold this year after raising its appetite for cheaper crude.
The state-run refiner will import 5mn tonnes of various grades of Iraqi crude, including Basrah Heavy, in 2019 as against 1.5mn purchased last year, R Ramachandran, director for refineries, said in an interview in Mumbai last week. Higher imports from Iraq will displace some of the crude it imports from other Middle East countries, he said.
BPCL will also continue to purchase Iran crude as much as available because it’s cheap and economical, he said. The company plans to buy 1mn barrels of Iranian crude in March, after buying an equal quantity in February.
Iraq is the biggest supplier of crude oil to India, which imports more than 80% of its requirements. Russia’s Rosneft established its presence in India by acquiring a private refinery at Vadinar in the western Indian state of Gujarat.

 

 

https://www.gulf-times.com/story/619080/India-s-BPCL-to-boost-oil-imports-from-Iraq-more-t

 

 

 

 

[yota691]

Iraq supplies new oil pipeline from Kirkuk to Turkey

 

 Twilight News    
 6 hours ago

The Ministry of Oil said that it is working seriously to accelerate the implementation of projects to extend the pipelines of crude from Kirkuk to Jihan, Rumaila towards Aqaba and link the northern transport networks to the south to acquire the flexibility of transport and export, while expressed willingness to amend the law of the National Oil Company in the event of being returned to the government.

The Deputy Prime Minister for Energy and Minister of Oil, Engineer Thamer Ghadhban told the semi-official newspaper "Sabah" that his ministry has prepared a plan to diversify the ports of export of crude, as working seriously on a daily basis to prepare plans and programs on the export of oil from Rumaila fields towards the port of Aqaba, To establish the alternative pipeline for the export of oil towards the Turkish port of Ceyhan starting from Kirkuk, in addition to linking the internal network of the north to the south.

He added that the establishment of these projects will allow Iraq the ability to maneuver and flexibility in the transfer and export of oil for strategic and economic reasons, and in the event of an emergency or stop or shrink in a certain port, revealing the existence of other outlets to ensure the stability of the export system and the rates of crude production and associated gas.

Al-Ghadhban pointed out that his ministry is currently waiting for the decision of the Federal Court on the law of the Federal National Oil Company, and that the House of Representatives saw his withdrawal and referred it to the government to be based on the opinion of the federal government and in particular the Ministry of Oil and expressed his ministry's readiness to work on it and reformulate it or amend it in a new format. Or formation of the Iraqi National Oil Company, as it will be a technical institution specialized in operation and away from politics and quotas and with the current companies that have branches or owned by them as provided by law.

He pointed out that his ministry should set out to formulate policies and plans, develop strategies and work to legislate the laws regulating its activity, oil and gas investments and dealing with wealth (hydrocarbons) , In addition to the representation of the country with international organizations and the introduction of specifications and modern technology and development of staff and work to be Iraq is limited to hydrocarbon products and diversification of sources of income.

Keywords: 

[yota691]

What is the main objective of establishing an oil pipeline between Basra and Amman

11:14 - 19/01/2019

 

 

 

BAGHDAD - 
A number of Iraqi observers confirmed that the main objective of the construction of an oil pipeline between Basra and Amman because of the West Iranian conflict, while considered an engineer at Sumo that the completion of the pipeline between Nineveh and Turkey will end the export volatility. 
A Gulf newspaper quoted a number of observers as saying that "the direction through the construction of an oil pipeline between Basra and the port of Aqaba and the Jordanian export through which aims to ensure the flow of Iraqi oil abroad in the event of any conflict between Iran and Western powers," noting that "the export will be timely through Basra across the Persian Gulf or Ceyhan Turkey is threatened against the Jordanian port. " 
For his part, said an engineer in the company Sumo oil, named Ahmed al-Jassim, according to the newspaper that "the line of Kirkuk, Ceyhan former exposure to more than 150 explosions since 2012 until today," noting that "
He stressed that "the completion of the project in the construction of a new pipeline will be through the province of Nineveh towards the Turkish border adjacent to it will end the current export volatility through the joint pipeline with fields in the Kurdistan region." 
The two countries are linked to a previous agreement that would supply Jordan with about 30,000 barrels per day of Iraqi crude oil, in addition to 1,000 tons of heavy fuel, but the agreement is suspended due to deteriorating security conditions in Iraq.

[SocalDinar]

https://www.oilandgasinvestor.com/iraqs-southern-oil-exports-hold-near-record-january-1728841

 

Iraq’s Southern Oil Exports Hold Near Record In January

Reuters

 Monday, January 21, 2019 - 8:14am

 

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LONDON—Oil exports from southern Iraq are holding close to a record high so far in 2019, according to shipping data and an industry source, which could raise questions over whether OPEC’s second-largest producer is following through on a deal to cut output.

Southern Iraqi exports in the first 21 days of January averaged close to 3.6 million barrels per day (bbl/d), according to tanker data on Refinitiv Eikon and separate tracking by an industry source. That's close to December's 3.63 million  bbl/d—a monthly record.

The figures suggest there is little sign yet of lower supplies from Iraq, despite a deal by OPEC and allies to reduce output by 1.2 million  bbl/d as of Jan. 1 to support the market.

“So far, no cuts,” the industry source said on Jan. 21 of Iraq's export rate.

The south is the main outlet for Iraq’s crude. An Iraqi official, the director of Iraq's Basra Oil Co., on Jan. 11 gave similar figures for January exports to those suggested by the tanker data and source.

Iraq, which has been expanding its oil export capacity, was reluctant to join a previous OPEC-led supply cut effort which began in 2017 and was at times OPEC’s least compliant member with the initiative.

To be sure, the OPEC-led deal applies to production, not exports. It is possible that Iraq could have cut production and maintained exports from crude held in storage, or reduced supply to domestic refineries.

Nonetheless, oil traders and analysts will be looking at exports to gauge whether the deal is lowering supply to the global market. So far, Iraq’s shipments abroad from the north haven’t declined significantly either.

Iraq’s northern exports appear to have held steady in January at about 400,000  bbl/d, according to tanker data compiled by Reuters and the industry source. That is still far below levels of more than 500,000  bbl/d in some months of 2017.

Baghdad says it will stick to the accord. Oil Minister Thamer Ghadhban said on Jan. 4 Iraq would keep production at the level of its OPEC target in first-half 2019.

Under the deal, Iraq agreed to cut production by 141,000  bbl/d to 4.512 million bbl/d as of Jan. 1.

[yota691]

Southern oil exports hit record highs in January

 

energy Economy News _ Baghdad Crude oil exports from southern Iraq have reached a record high since the beginning of 2019. This could raise questions about whether OPEC's second-largest producer is implementing a cut-off deal, according to data from the oil sector and a source. Tanker data on Recanitiv Ekon and another sector-driven source showed that average oil exports from southern Iraq during the first 21 days of January were 3.6 million barrels per day. This is close to the record monthly level of 3.63 million bpd in December. This figure indicates that there is little sign of reducing Iraq's supplies even now, despite an agreement by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to cut production by 1.2 million bpd from January 1 to support the market. "No cuts so far," the source said on Monday, speaking of the pace of Iraqi exports. The south is the main port for the export of Iraqi crude. On January 11, the director of Iraq's Basra Oil Company gave figures for January exports similar to those indicated by tanker and exporter data. Iraq, which is boosting its oil export capacity, was reluctant to take part in OPEC's previous supply reduction agreement, which came into effect in 2017, and in some cases the Organization's least members were committed to the initiative. The OPEC-led agreement applies to production rather than exports. Iraq may have reduced production, kept exports by withdrawing from crude stocks, or reduced supplies to domestic refineries. However, oil traders and analysts will look at exports to assess whether the agreement results in reduced supply to the global market. To date, Iraq's exported shipments from the north have also declined significantly. Exports from northern Iraq stabilized in January at about 400,000 bpd, according to data compiled by Reuters and the sector's exporter. This is well below the level of more than 500,000 bpd in some months of 2017. Baghdad says it will abide by the agreement. Iraqi Oil Minister Thamir al-Ghadhban said on Jan. 4 that his country would keep production at the target level of the OPEC deal in the first half of 2019. Under the deal, Iraq will cut output by 141,000 bpd to 4.512 million bpd from January 1. Number of Views 82   Date Added 22/01/2019

[yota691]

Oil announces the final export statistics for the month of December

 

energy Economy News _ Baghdad The Ministry of Oil announced on Thursday the total oil exports and revenues for the month of December 2018. A spokesman for the Ministry of Oil Assem Jihad said in a statement received by "Economy News" a copy of it, "According to the final statistics issued by the Iraqi Oil Marketing Company (Sumo) The amount of exports of crude oil amounted to 115 million and 517 thousand and 974 barrels, And 233 million and 592 thousand dollars. " Jihad added that "the total quantities exported from crude oil for the month of December last achieved an increase compared to the month of November last, where the total quantities exported from the oil fields in central and southern Iraq 112 million and 450 thousand and 367 barrels, with revenues amounted to 6 billion and 79 million and 743 Thousand dollars, while the exported quantities of Kirkuk oil through the port of Ceyhan 3 million and 67 thousand and 607 barrels, revenues amounted to 153 million and 848 thousand and 207) dollars. Jihad added that "the average price of a barrel amounted to (53,962) dollars," noting that "the quantities exported were loaded by 36 international companies of different nationalities, from the ports of Basra and Khor al-Amiyah and the unilateral buoys on the Gulf and the Turkish port of Ceyhan." Iraq exports crude oil currently from southern ports in Basra after a few quantities of Kirkuk oil after it stopped for more than three years as a result of non-compliance of the region with the oil agreement with the federal government. Views 10   Date Added 24/01/2019

[yota691]

 

Iraq is generating oil revenues of 6 billion and 233 million dollars last month

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BAGHDAD / Tomorrow Press: The 

Oil Ministry announced on Thursday that last month 's revenues amounted to 6 billion and $ 233 million. 

The spokesman for the Ministry of Oil Assem Jihad said in a statement received by "Al-Ghad Press" that "Iraq issued more than 115 million barrels last December," noting that "exports of Kirkuk oil through the Turkish port of Ceyhan last month amounted to more 3 million barrels" .

Jihad added that "the average price of a barrel amounted to (53,962) dollars and that the exported quantities were loaded by (36) international companies of different nationalities, from the ports of Basra and Khor al-Amiyah and the monsoons on the Gulf and the Turkish port of Ceyhan."

[yota691]

$ 8.3 billion Petronas investments in the oil and gas industry in Iraq

 

energy Economy News - Baghdad Petronas's investments in the oil and gas industry in Iraq amounted to 8.3 billion dollars, while the company raised the production of the oil graph to 118.5 barrels per day. The head of the operations of Iraq, Abdul Malik bin Jaafar, said that "Malaysian Petronas company operating in the field of oil Gharraf in the province of Dhi Qar achieved the highest export volume of 118.5 barrels per day, while the company was able to achieve the highest daily production of 103.3 barrels in December 2018, after The completion of the drilling of 22 wells, stating that operations, health, safety and environment ( HSE ) remain essential elements of Petronas' work as we strive to ensure that our facilities and services operate safely and in accordance with regulatory requirements and better HSE practices. " "In all our rapidly expanding and growing projects, Petronas has successfully implemented various social and environmental programs and guided by our corporate sustainability framework, we carry out our work in a socially responsible and inclusive manner for the benefit of current and future generations," he added. He explained that "the company invested about 150 thousand US dollars in 2018 within the programs under the name ( CSR ) of social benefits that benefit the area of the field." The company plans to expand business activities in Iraq, including technology and production development, including extraction efforts at Al Gharaf, as well as the fields of Halfaia and Badra. Petronas said in its previous report as the operator of the oil field Gharraf that it succeeded in reaching the first commercial oil production on 31 August 2013 after signing the service contract for development and production ( DPSC ) for the region of the contract ( Graaf ) in February 2010, so far invested about 8.3 billion Dollars in the oil and gas industry in Iraq. The company confirmed in the report that "the field of oil Gharaf produces an average annual rate of up to 100 thousand barrels per day, and so far contributes 178 million barrels of cumulative Iraqi exports," expected to increase this rate more than doubled to reach the peak production target of 230 thousand Barrels per day by the fourth quarter of 2020 on the expectation that the rate of production will remain stable at this level beyond 2030. "Petronas applies innovative technologies that help us discover and increase energy sources even from the most difficult environments. Our integrated value chain extends from exploration to marketing, logistics to technological infrastructure, with projects in more than 50 countries." "Capacity building has always been one of the key elements of our operational philosophy to develop local talent wherever we go, especially in the region where we operate so far," said Bajo Belonk, Vice President, Petronas International Projects. "The company was able to achieve success 100% of the POT program, and invested about US $ 550,000 through scholarships. " "We are proud to have nearly 600 local talents working with the company, 66% of which are part of our technical teams. Our goal is to support Iraq's energy needs and needs in a sustainable manner for the benefit of current and future generations."    It is worth mentioning that ( Petroliam Nasional Berhad , / PETRONAS ) was founded in 1974 in Malaysia, a multinational oil company and integrated gas and is one of the world 's largest companies. Views 48   Date Added 01/27/2019

[yota691]

Oil plans to drill 40 oil wells in Majnoon

 

Thursday, January 31,

 

 

Alsumaria News / Baghdad The Ministry of Oil announced on Thursday its intention to dig 40 oil wells in the field of Majnoon, indicating that it is seeking to reach 450 thousand barrels in the field in 2021.  Oil Minister Thamer Ghadhban during the signing of a contract to dig those wells, according to a statement received Alsumaria News "The Basra Oil Company signed a contract with the Iraqi Drilling Company to dig 40 oil wells in the field of Majnoon," noting that "the contract represents an important step to develop oil fields with national capabilities through specialist companies, including the Basra Oil Company and the Iraqi Drilling Company."     "The ministry will be able through this decade to develop the field and increase the production processes in record times and reduced costs and the efforts of loyal national staff in the oil companies of Basra and Iraqi drilling."  For his part, said the Director General of the Basra Oil Company Ihsan Abdul-Jabbar, "The signing of the contract with the Iraqi Drilling Company is an update of the development program Majnoon oil field," stressing the achievement of "the national goal of large development of the field and increase production rates to 450 thousand barrels during the year 2021 "He said.  The Majnoon field is one of the giant oil fields in Iraq and the current production capacity is more than 240 thousand barrels per day.  The Ministry of Oil announced the development of the field in the national effort after Shell International withdrew from the implementation of the contract to develop the field, which won within rounds of petroleum licensing.

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The economy
of Iraq, China sign oil contracts for Rqotain expeditions

 Twilight News    

 47 minutes ago

 

- The Deputy Prime Minister for Energy Affairs and Oil Minister Thamer Abbas Al-Ghadhban said on Thursday that the ministry is continuing to implement its strategic plans to develop and rehabilitate the exploratory patches to boost the oil and gas reserves by the national effort and in cooperation with international companies.

This came during the signing ceremony of a contract between the oil exploration company and China's Sinoc to carry out the seismic surveys of two exploratory tablets.

"The contract includes the implementation of seismic surveys and the preparation of reservoir studies and analysis of the two exploratory planks, one of which is freely in the territorial waters of Iraq in the Gulf, and the second is an exploratory ground survey in Faw City," the minister said in a statement.

He added that "the activity comes to confirm the keenness of the Ministry to participate in the national effort in investment projects."

"We hope that the combined expectations of the two patches will be great, especially that the area where the two patches are located is a promising region with large oil structures."

"The signing of the contract with the Oil Exploration Company is an important step for cooperation with the Ministry of Oil in the exploration sector.

"The company will carry out the seismic surveys of the wild spot according to the national potential, while Sinook is preparing studies and surveys of the marine patch," said the director general of oil exploration company Nashwan Mohamed Nouri.

For his part, Spokesman for the Ministry Assem Jihad said that the signing included the studies and surveys of geological and seismic for the first exploration activity in the territorial waters, and is an important step on the way to explore the oil wealth in the marine patches.

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/76ba0e0d-a751-4bd6-8fb5-88c16b83dae6

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Iraq  concludes a contract to dig 40 wells to increase its oil production

Twilight News    

 2 hours ago

The Deputy Prime Minister for Energy and Oil Minister Thamer Abbas Ghadhban on Thursday the Ministry's keenness to speed up the development of Majnoon oil field with the national effort and increase production rates according to future plans.

This came during the signing ceremony of a contract to dig 40 wells in the field of Majnoon oil in the province of Basra between the Basra Oil Company and the Iraqi Drilling Company.

Al-Ghadhban said in a statement that the contract represents an important step for the development of oil fields with national capabilities through specialized companies, including the Basra Oil Company and the Iraqi Drilling Company, stressing the ministry's support to develop these companies and upgrade them to refineries of international companies.

He added that the contract was signed between two national companies to dig 40 oil wells in the field of Majnoon oil, thus the ministry will be able to develop the field and increase the production processes in record times and reduced costs and the efforts of loyal national staff in the oil companies of Basra and Iraqi drilling.

For his part, Director General of the Basra Petroleum Company Ihsan Abdul Jabbar said that the signing of the contract with the Iraqi Drilling Company is an update to the development program Majnoon oil field, stressing the achievement of the national goal of large development of the field and increase production rates to 450 thousand barrels during the year 2021.

The Director General of the Iraqi Drilling Company said on behalf of Mohammed Khudair that the signing of a contract to dig 40 oil wells in the field of Majnoon oil strengthens the ability of the drilling company to participate actively in the development of oil fields, pointing to the company's possession of advanced drilling equipment and towers, as well as national staff trained to work according to And the company is carrying out drilling projects in a number of oil fields and has witnessed a major development in the fields of work and obtained a number of international quality certificates (ISO).

Keywords: 

 

http://www.shafaaq.com/ar/Ar_NewsReader/24e3d357-9cd2-4e5a-91c0-ad00969e8841