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

[Jaygo]

2 hours ago, ChuckFinley said:

Jayco, trust all is well with your endeavors.

 

2 hours ago, ChuckFinley said:

Jayco, trust all is well with your endeavors.

 

Veen slackin Chuck! Going to get on it this month!

[ChuckFinley]

39 minutes ago, Jaygo said:

 

 

Veen slackin Chuck! Going to get on it this month!

Same here,  just starting off the year in slow motion. Just looking for something to work from. I am trying to get my  business up and running. I know a lot of people may not like Trump  but I can say that this year and the New tax law has done wonders in seeing our business getting some traction. 

[Jaygo]

49 minutes ago, ChuckFinley said:

Same here,  just starting off the year in slow motion. Just looking for something to work from. I am trying to get my  business up and running. I know a lot of people may not like Trump  but I can say that this year and the New tax law has done wonders in seeing our business getting some traction. 

 

Drop me an email and get me some details on the business!! 

[yota691]

 

Iraq exports about 4 million barrels of crude oil through southern ports

Economie

10:43

Last updated

The time now is 10:56 AM

217

Watch

 

 

BAGHDAD / 
Iraq - Iraq has exported about 4 million barrels of crude oil through its southern ports, a shipping source said Monday. 
The source told Al-Gharab that "Iraq has exported about 3 million seven hundred and twenty thousand barrels of crude oil through its southern ports," pointing out that "the rate of pumping from the southern production fields amounted to one hundred and fifty-five thousand barrels of crude oil per hour" , Stressing "the completion of loading three ships anchored on the piers of oil ports."
The source added that "five other vessels under loading were distributed in the dock between the berths of the port of Basra oil and sea buoys," pointing out that "the docking and take off from these platforms are carried out naturally without any obstacles."

[yota691]

Oil announces near resumption of exports of Kirkuk fields

Date of release: 2018/1/10 11:58 • 130 times read

(Baghdad: Al-Furat News) The Ministry of Oil, near the resumption of oil exports from the fields of Kirkuk after the imposition of security and federal control in the province on 16 October last.

A statement of the ministry's information received by the agency {Euphrates News} a copy of the Undersecretary for Extraction Affairs Karim Hattab confirmed "the ministry's keenness to rehabilitate and develop oil facilities and fields in the province of Kirkuk in order to sustain and increase production from fields and resume exports, and that the ministry has made an important step in the rehabilitation of oil installations In Kirkuk. " 
"The ministry has developed ambitious plans to rehabilitate oil facilities, develop infrastructure and rehabilitate reservoirs, pumping stations and oil pipelines transporting crude oil and oil derivatives," Hattab said during his inspection of oil installations in Kirkuk province.
Hattab added that "the Minister of Oil has instructed to harness all the possibilities available to support oil projects in the province of Kirkuk and the formation of follow-up teams and supervision by agents and officials of other oil companies to visit the province for the purpose of coexistence and daily follow-up of the ongoing rehabilitation and development processes in oil fields and facilities, And others. " 
"He met with the governor of Kirkuk, Rakan Jubouri, and discussed with him the importance of concerted efforts of all concerned parties to achieve the goals and plans to promote the oil and gas industry in the province, as well as upgrading the level of services provided to citizens. 
The Undersecretary of the Ministry of Extraction may lose a number of oil installations in oil companies and refineries and the North Gas, as well as pipelines and distribution of oil products and drilling and energy police, and met with officials and workers there, conveying greetings of the Minister of Oil them.
This is accompanied by Undersecretary of the Ministry during his visit and his life in the North Oil Company of the Inspector General and officials of the pipeline company and the Petroleum Products Distribution Company and the North Oil and Director General of the Energy Police.

[yota691]

Oil announces a plan to rehabilitate oil installations in Kirkuk

 

 Since 2018-01-10 at 10:33 (Baghdad time)

Baghdad Mawazine News

The Ministry of Oil announced on Wednesday a plan for the rehabilitation of oil installations in Kirkuk.

"The ministry has developed ambitious plans to rehabilitate oil facilities, develop infrastructure and rehabilitate reservoirs, pumping stations and oil pipelines transporting crude oil and oil derivatives," said the ministry's deputy minister for extraction, Karim Hattab.

Hattab added that "the ministry is keen to rehabilitate and develop facilities and oil fields in the province of Kirkuk in order to sustain and increase production from the fields of Kirkuk and resume exports, and the ministry has made a significant step in the rehabilitation of oil facilities in Kirkuk."

He pointed out that "the Minister of Oil instructed to harness all the possibilities available to support oil projects in the province of Kirkuk and the formation of follow-up teams and supervision by agents and officials of other oil companies to visit the province in order to live and daily follow-up of the ongoing rehabilitation and development processes in oil fields and facilities, And others "

[yota691]

Iraq reveals plans to rehabilitate Kirkuk oil facilities to resume exports

Met "Hattab" Kirkuk Governor to discuss plans to promote the oil and gas industry in the province

 

 10 January 2018 10:47 p

Mubasher : The Iraqi Oil Ministry confirmed its keenness to rehabilitate and develop oil facilities and fields in the province of Kirkuk in order to increase production and resume exports.

The Undersecretary for Extractive Affairs said in a statement on Wednesday that progress has been made in rehabilitating the Kirkuk oil facilities, following plans to rehabilitate and develop the infrastructure and rehabilitate reservoirs, pumping stations and oil pipelines transporting crude oil and oil derivatives.

Karim Hattab, the meeting and the Governor of Kirkuk, Rakan Jubouri, to discuss the plans to promote the oil and gas industry in the province, as well as upgrading the level of services provided to citizens, pointing to the minister's guidance to support oil projects in Kirkuk.

The suspension of the Kirkuk oil supply in the north, Iraq to raise its oil exports from the southern Basra area of 200,000 barrels per day to compensate for the shortage of fields in the north .

The Iraqi parliament voted earlier on a parliamentary decision obliging the Ministry of Oil to stop the work of Carr Engineering Kurdish fields Kirkuk , and take the State Oil Company of the North for the production and export of those fields.

[The Englishman]

#ENERGY

JANUARY 10, 2018 / 1:31 PM / UPDATED 25 MINUTES AGO

Iraq to ask foreign oil firms to build housing, provide services for employees

 

Reuters Staff

1 MIN READ

•  
•  

 

BAGHDAD, Jan 10 (Reuters) - Iraq will ask foreign oil companies operating in the country to build housing for Iraqis employed on their projects, the oil ministry in Baghdad said in a statement on Wednesday.

Oil Minister Jabar al-Luaibi “issued a general notice which commits contracted companies to build modern housing compounds and provide essential services to employees,” the statement said. (Reporting by Maher Chmaytelli; Editing by Mark Potter)

 

https://www.reuters.com/article/iraq-oil-gas/iraq-to-ask-foreign-oil-firms-to-build-housing-provide-services-for-employees-idUSL8N1P53V4?rpc=401&

[The Englishman]

 

 

 

[yota691]

2018/01/11 (00:01 PM)   - The   number of readings: 28   -   Issue (4108)

 

 

Oil: Next week, we will sign with Orin the US a contract to invest gas associated with

 Baghdad / Zahraa al-Jassim 
 

The Ministry of Oil revealed that next week, will witness the signing of a memorandum with the US company Orin to invest gas associated with the field of Ben Omar province of Basra, stressing that this step comes to reduce the burning of gas, the US ambassador in Baghdad, Douglas Silliman, The field will not cost Iraq any money.

The Ben-Ammar field is one of the most promising fields in southern Iraq. Its production of crude oil is more than 40,000 barrels per day and 25 million cubic feet per day of crude gas. 
Spokesman for the Ministry of Oil Assem Jihad, said in an interview for (the extent), will be signed a memorandum of agreement between the Iraqi Oil Ministry and the US company Orin next week, to invest gas associated with Ben Omar field in the province of Basra, adding: The field of oil is up to more than a thousand barrels per day, and the investment of gas of up to 20 million standard cubic feet, but: Investment is part of the steps of the ministry in the gas investment associated with the extraction in the oil fields, where invited foreign companies to invest.
Jihad also stressed that this step comes to reduce the burning of associated gas, as the ministry has an effort to invest a thousand million cubic meters a day of gas, from the fields of Basra and Dhi Qar and Maysan, in agreement with international companies, where they were invited to invest the rest The fields are not invested, connected: On the other hand, among the priorities of the ministry, focus on the investment of gas and work to stop burning in the coming years through these steps carried out in cooperation with international companies. 
On the other hand, revealed the US ambassador in Baghdad, Douglas Silliman, at a news conference, near the US investment in the project of gas associated with southern Iraq, and may announce next week on a project to invest gas associated with oil fields in southern Iraq, "stressing that" Iraq any little money. "
"The investment project in the south, in addition to the other investment project to secure the road from Baghdad to Jordan, which one company is seeking to invest, are two model projects for what Washington is looking for to support Iraq," Sileman said. 
The Iraqi oil minister, Jabbar al-Allaibi, has announced on 8-1-2018 to reach an agreement with the US company Orin to invest gas associated with oil operations in the field of Ben Omar province of Basra, and the Minister of Oil in a statement briefed (range) a copy of it, The efforts of the ministry in the optimal investment of the gas wealth has resulted in a preliminary agreement to invest gas in the field of Ben Omar in the province of Basra, adding: It is hoped to sign the memorandum of understanding in the coming days between the investor company and Basra Oil Company.
Iraq seeks to contract with major international companies to invest gas associated with the oil fields after it was burned during the process of extracting oil without benefiting from it. 
The US Energy information (EIA) published at the beginning of 2017, the Iraqi gas reserves of about 112 trillion cubic feet, the burned and wasted estimated at 12 billion cubic feet per year, the bulletin also showed, while attributed officials in the Ministry Oil causes the waste of large quantities of Iraqi gas to the difficult conditions experienced by Iraq over the past years, which contributed significantly to the destruction of its infrastructure in full, and the investment of gas needs modern technology and large funds, in addition to the security challenges that prevented the arrival of investment companies to Iraq.
On the other hand, the experts explained the dissipation of this wealth to the absence of an integrated strategy to invest gas, although Iraq, in 2013, had launched what was called the "national integrated energy strategy, which was planned to extend to 2030," it was hoped Through the plan, to provide about 6 trillion dollars and 10 million jobs in the country, and invest $ 620 billion in the oil and gas sector and related industries until the end of 2030.

[yota691]

Iraqi oil production capacity is close to 5 million barrels per day

© REUTERS /

 

14:47 13.01.2018

Iraq's oil minister, Jabbar al-Luaibi, said on Saturday that his country's production capacity was close to five million barrels a day, but the country would fully comply with the target production rate under a global agreement to cut supplies.

Al-Luaibi told reporters in Abu Dhabi that oil production from Iraq is currently about 4.3 million barrels per day, according to Reuters.

© SPUTNIK. IGOR ZAREMBO

Iraqi oil minister imposed conditions on investment companies

 

He said an agreement to cut oil production between OPEC and non-OPEC producers should continue despite a strong rise in oil prices, noting that oil markets still need more time to stabilize.

On the other hand, Al-Luaibi said at an energy conference in Abu Dhabi that his ministry plans to conclude three contracts with international gas companies by the middle of this year for the use of gas in the south of the country.

He said that Iraq plans to eliminate the burning of gas associated with the extraction of oil without exploitation by 2021.

Iraq is forced to burn some of the rising gas during the process of extraction of crude oil because it does not have suitable facilities to enter into a process that allows use.

[Officiallytook]

Thats roughly 350mil a day USD

[Texstorm]

Thanks Yota ! Good morning DV ! I would gladly accept oil shares for all of my dinar on a one to one basis. That's how they can pay off an RV !

[DinarThug]

2018/01/14 (00:01 PM) - Number of readings: 14 - Issue (4110)

 

 

Oil: Our production is close to 5 million barrels

 Baghdad / Range 

Oil Minister Jabbar al-Allaibi expected oil production capacity to reach about 5 million barrels per day, stressing that he would stay at the export ceiling within the OPEC agreement. He also confirmed the signing of three contracts with international companies in the middle of this year in the use of burning gas.

"The production of oil from Iraq is currently about 4.3 million barrels per day," he said in an interview with the media during an energy conference in Abu Dhabi. "The country's production capacity is likely to reach 5 million barrels per day, but the country will be fully committed to the production rate Target under a global supply reduction agreement ".

Al-Luaibi said that "an agreement to reduce the production of oil between the producer countries from OPEC and abroad should continue despite the strong rise in oil prices," noting that "oil markets still need more time to stabilize." In another matter, al-Allaibi said that his ministry "intends to conclude three contracts with international gas companies by the middle of this year for the use of gas in the south of the country," noting that "Iraq plans to eliminate the burning of gas associated with the extraction of oil without exploitation by 2021."

Iraq is forced to burn some of the rising gas during the process of extraction of crude oil because it does not have suitable facilities to enter into a process that allows use.

link

[yota691]

Oil: Memorandum of Understanding with BP will increase the production of Kirkuk fields to 750 thousand barrels per day

 

Thursday, January 18

 

 

 

 

Alsumaria News / Baghdad Oil Ministry announced on Thursday that a memorandum of understanding with the company "BP" British will increase the production fields of Kirkuk to more than 750 thousand barrels per day.  "The signing of a memorandum of understanding between the Ministry of Oil and theInternational Bp Company to develop the fields of Kirkuk will increase production to more than 750 thousand barrels per day," the ministry said in a brief statement received by Alsumaria News .  The Iraqi Oil Ministry announced in January 2013 a preliminary agreement with BP to develop the Kirkuk oil field.     The Kirkuk field is the fifth largest field in the world in terms of capacity, a plateau cut by the small Zab River and the length of about 96.5 km in a width of about four kilometers. The depth of Kirkuk field wells ranges between 450 meters to 900 meters, and the production rate of one well 35 thousand barrels per day, estimated oil reserves in Kirkuk by about 13 billion barrels, or about 12% of the total Iraqi oil reserves.

[yota691]

Iraq, BP sign agreement to boost oil production in Kirkuk

 

 Since 2018-01-18 at 12:10 (Baghdad time)

Baghdad Mawazine News

Oil Minister Jabbar al-Allaibi signed on Thursday with representatives of BP a contract to develop Kirkuk oil field.

"We signed with representatives of BP a contract to develop the Kirkuk oil field," the minister told a news conference. "The agreement was in 2014, but the entry of some of the Kirkuk regions is another work."

"The work will be done in the rest of the fields in order to restore glories in all fields at the North Oil Company and we have future plans," he said.

is over

 M

[yota691]

Oil: We are working to raise the production of the North Oil Company to one million and 500 million barrels

 

Thursday, January 18

 

 

 

Alsumaria News / Kirkuk Oil Minister Jabbarallaaba on Thursday that the ministry is seeking to raise the production of the North Oil Company to 1.5 million barrels per day after the signing of a contract with the British BP.  "The Ministry of Oil signed today a contract with BP to develop the largest oil field in the world," Al-Allaibi said in a press conference. "The field has now declined to 35,000 barrels."   "The North Oil Company will return to its activity as it was after a period of inertia and we will work to raise production in the next phase to one million and 500 thousand barrels per day, and this is in stages as planned by the Ministry of Oil and the signing of a contract with BP."  He explained that "the fields of Havana and Bai Hassan in the district of Debs will reduce the production and export during the current month," revealing "a visit to Turkey to establish contact with them to export oil produced in Kirkuk through the Turkish port of Ceyhan." "The signing of the contract comes within the framework of the bilateral cooperation we signed with the North Oil Company in 2013 to conduct surveys on the Kirkuk oil field, which is one of the largest oil fields in the world and we are working to develop Important studies to restore the activity and Yanag for this field, which will have a role in supporting the Iraqi economy. "  "The contract signed will have a significant impact on the development of the field with a number of oil wells," said Townsend, adding that the company will develop plans and studies to install the wells on production.  The Iraqi Oil Ministry announced in January 2013 a preliminary agreement with BP to develop the Kirkuk oil field.  The Kirkuk field is the fifth largest in the world in capacity, a plateau cut by the Zab RiverIt has a length of about 96.5 km in width of about 4 km. The depth of Kirkuk field wells ranges from 450 meters to 900 meters. And the rate of production of one well 35 thousand barrels per day, estimated oil reserves located in Kirkuk by about 13 billion barrels, or about 12% of the total Iraqi oil reserves.

[yota691]

Iraqi oil minister: I will visit Turkey soon to resume exports through the port of Ceyhan

By Rudao 2 hours ago

Iraqi Oil Minister - AP

Roudao - Erbil 

said Iraqi Oil Minister, Jabbar Allaibi, on Thursday, expressed his intention to visit Turkey during the time soon to resume exports through the port of Ceyhan

Allaibi said at a news conference in Kirkuk, said that "Iraq is open to everyone and we have asked Iran to export 30 to 60,000 barrels of oil for use in the refinery of Kreman. " 

He added that he intends to visit Turkey "to resume export through the Turkish port of Ceyhan," noting that "the Ministry of Oil began bidding for the rehabilitation of the Kirkuk line Vishkhabur, and we support any direction for the development of fields of the province." 

On Thursday, al-Allaibi signed a contract to develop the Kirkuk oilfield with representatives from BP. 

The minister said at the press conference: "We signed with representatives of BP contract to develop the Kirkuk oil field," noting that "the agreement was in 2014, but the entry of some areas of Kirkuk, the latest work."

He went on to say: "will work in the rest of the fields to restore glory in all fields in the North Oil Company and we have future plans."

[ChuckFinley]

On 1/7/2018 at 9:02 AM, Wiljor said:

 

Morning Chuck, couldn’t agree with you more 

Thanks man  it us coming.  

[ChuckFinley]

Thanks Yota. Keep them coming. 

[yota691]

Iraq achieves more than 6 billion and one billion dollars of revenues from selling oil in a month

By

 rami

 -

January 24, 2018

33

0

 

 

 

The Ministry of Oil announced on Wednesday the total amount of oil exports and revenues achieved for the month of December 2017, according to statistics issued by the Iraqi Oil Marketing Company (SOMO).
According to a statement issued by the ministry, the amount of exports of crude oil amounted to (109) million and (573) thousand and (817) barrels with revenues amounted to (6) billion and (503) million (692) thousand dollars.
The statement quoted spokesman of the Ministry of Oil Assem Jihad as saying that the total quantities exported crude oil for the month of December last amounted to more than (109) million and (573) thousand and (817) barrels, with revenues of more than (6) billion and (503) ) Million and (692) thousand dollars (six billion five hundred and three million six hundred and ninety-two thousand dollars). He pointed out that the average price per barrel amounted to (59,354) dollars.
The number of companies contracted by the Iraqi Oil Company “Sumo” (38) companies of different nationalities.

[nannab]

If they get over six billion dollar's a month in revenue why is Iraq still borrowing money? 

 

[unirod]

Likely to build their credit rating? IMO.

[yota691]

Iraq 's economy announces the start of the export of oil from the fields of Kirkuk to Iran

 

Iraq 's economy announces the start of the export of oil from the fields of Kirkuk to Iran

 Twilight News    
 53 minutes ago

An Iraqi oil official said on Monday that Iraq's crude oil export (SOMO) exports averaged 3.5 million bpd in January.

He said his country plans next week to start exporting from the Kirkuk oilfield in the north of the country to Iran using trucks.

Keywords: 

[yota691]

The transfer of crude oil from Kirkuk by truck to Iran will begin next week

 

 Since 2018-01-29 at 12:51 (Baghdad time)

Follow up of Mawazine News

An Iraqi oil official said on Monday that Iraq's crude oil export company (SOMO) exports averaged 3.5 million bpd in January.

Iraq's oil marketing company (SOMO) crude exports averaged 3.5 million barrels per day (bpd) in January, Reuters quoted the official as saying on condition of anonymity.

 He said his country plans next week to start exporting from the Kirkuk oilfield in the north of the country to Iran using trucks.

Iraqi Oil Minister Jabbar al-Luaibi on Sunday announced the start of the export of Kirkuk oil to Iran before the end of January.

The trucking of crude to Iran comes as part of a swap deal announced last month by countries to allow the resumption of crude exports from Kirkuk.

"About 30,000 barrels per day (bpd) of crude will be transported by truck to the Kermanshah refinery in Iran at the start of export," al-Allaibi told reporters in Baghdad.

Adding that it would start before the end of the month.

The oil minister Jabbar al-Allaibi said in a statement on the ninth of last month, it was "the signing of an agreement between Iraq and Iran provides for Iraq to export oil from the fields of Kirkuk to Iran at the rate of 30-60 thousand barrels per day can be increased through the basin until completion From the laying of an oil pipeline for this purpose. "

Sales of Kirkuk crude have stalled since Iraqi forces and the popular popular militias seized Kirkuk and its oil fields on Oct. 16, 2017.

The Iraqi oil minister, revealed earlier that Iraq and Iran are planning to build a pipeline transporting oil from Kirkuk without the need to transport by truck.There ended 29 /