Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

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


yota691
 Share

Recommended Posts

Council of Muthanna announces the discovery of huge oil reserves in the province

17:56 - 19/02/2019
0
 
  
%D8%A7%D9%84%D9%86%D9%81%D8%B7-3-696x387

Information / special ... 
The Council of Muthanna province, on Tuesday, the discovery of oil reserves in the province parallel to the oil provinces, indicating that next year Muthanna begins production through the wells of Salman one. 
Council member Ahmad Salal told Al-Mawloma that the Ministry of Oil has transferred large areas of Muthanna province to investment companies to explore the oil in them. 
"The contract signed refers to the production of oil through Muthanna in 2025 if found within the specific patches," he said, adding that "the company began digging three wells within the area of Salman one questionable." 
He explained that "the companies discovered a huge oil reservoir in Muthanna province parallel to the oil provinces," noting that "preliminary data indicate that the Muthanna will begin to produce oil through the wells of Salman one next year."
He added that "if the production of oil from Muthanna is beneficial to the province by providing jobs in oil companies for unemployed and benefit from petrodollar revenues."

https://www.almaalomah.com/2019/02/19/389695/

  • Upvote 4
Link to comment
Share on other sites

Reduction of Basra oil production in implementation of OPEC decision

12:32 - 20/02/2019

 
image
 
 

BAGHDAD (Reuters) -  
The Basra oil company has reduced its crude oil production levels by between 100,000 and 150,000 barrels a day since last month in compliance with a decision by the Organization of the Petroleum Exporting Countries (OPEC) to cut its production by 1.2 million barrels per day from the first Last January. 
"The Basra oil company has reduced its production levels of crude oil in its fields and investors from foreign companies as a commitment to the OPEC plan to reduce the output of member states, including Iraq, in order to stabilize the international oil market," said Ihsan Abdul Jabbar, general manager of Basra Petroleum Company. 
On the other hand, Fayyad al-Naama, the Undersecretary of the Ministry of Oil for the extraction of the day meeting in the province of Basra with representatives of Russian company Lukoil to discuss the gas investment associated with the production of crude oil in the field of West Qurna. 
Ended 
 m h n 

  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to The region cancels a decision on exporting oil to Iran
Release date: 2019/2/23 19:15  257 times read
The region cancels a decision on exporting oil to Iran
(Baghdad: Al Furat News) The Ministry of Natural Resources in the Kurdistan Regional Government decided to cancel the decision to prevent the export of oil to Iran, after the decision was taken on February 14.
"The Ministry of Natural Resources directed, on Feb. 20, to the Ministry of Finance that its decision of 14 February to ban the export of oil and in any form to Iran does not include oil products produced in the Kurdistan Region," said Samal Abdulrahman, director general of customs in the Kurdistan region. Oil refineries that have a formal license to work with the provincial government. " 
This comes at a time when the previous decision of the government of the province absolutely prohibits the export of any kind of oil derivatives through tanks to Iran, and Samal Abdulrahman said that the decision of the Ministry of Natural Resources issued on February 20, allows to keep the remaining oil after getting from the refineries on gasoline And white oil and kaz, indicating that the ministry now allows the export of the remaining oil after the liquidation to Iran by tanks
  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to Kurdistan Region revises ban on Iran oil exports
An employee works at an energy facility in the Kurdistan Region. File photo: Rudaw
An employee works at an energy facility in the Kurdistan Region. File photo: Rudaw
ERBIL, Kurdistan Region – The Kurdistan Regional Government (KRG) revised its earlier ban on oil exports to Iran on Thursday allowing registered refineries authorized by the local and central government to resume trucking oil products to their eastern neighbor.

A clarification issued by the KRG’s Ministry of Natural Resources (MNR), dated February 20, states there are two exceptions to the ban issued on February 14.

The first exemption applies to “the petroleum products whose origin of production is based in factories and plants in Kurdistan Region and have a contract with the Kurdistan Regional Government and have an official permit,” it said. 

The second exemption applies to “the petroleum products whose origin of production is in other provinces of the Iraqi federal government if they have official permission to export from the [Iraqi] ministry of oil and we [the KRG] are informed of the permission they have been issued with,” it added.

A source in the oil industry who wished to remain anonymous told Rudaw on Thursday the exemption applies to crude derivatives.

The original ban raised questions about whether the KRG had succumbed to US government pressure to tighten the noose around Tehran and shrink its oil trade to zero. The revisions are likely to anger Washington. 

KRG spokesperson Safin Dizayee on Thursday responded to a question from an Iranian reporter about whether the US sanctions were the reason behind the ban. 

“The Kurdistan Region is part of Iraq and any decision taken by the central government in Baghdad impacts the regional government,” Dizayee said.

“In some regions there is illegal trade in oil and the Kurdistan Regional Government is trying to prevent the unauthorized export of oil to outside Iraq.”

A source close to the Iranians told Rudaw the ban was indeed a result of US pressure on Kurdish officials. A foreign diplomat also confirmed to Rudaw this was the case. 

“The Americans are angry with the Kurds for trading in oil with Iran,” the diplomat said. 

A source in the oil industry who also spoke to Rudaw on condition of anonymity confirmed “American pressure was indeed behind the ban.” 

“No one knew how much oil was being exported to Iran, so when Baghdad and the Americans came on board, the Kurds gave in by issuing the ban,” the source with firsthand knowledge of the Iran oil trade told Rudaw.

Nazim Dabagh, the KRG representative to Tehran, told Rudaw on Thursday by telephone from Tehran that the ban “could be related to the US sanctions” but referred further questions to the Kurdish authorities in Erbil.

Firouz Zarei, economic advisor at the Iranian consulate in Erbil, told an Iranian outlet on February 18 that after repeated enquiries with KRG customs, the finance ministry, and the KRG itself, he did not know why the Kurds had placed the sanctions on petroleum exports to Iran. 

“We have not received a reasonable explanation yet,” he said. 

Zarei said Iran still exports petroleum products to the KRG controlled areas and it is only from the KRG part that ban has been in place.

US officials have repeatedly said they want to bring the export of Iranian oil to zero to force the regime in Tehran to abandon its nuclear ambitions.

The new directive by the KRG is likely to anger US government representatives in the Kurdistan Region who have pushed Kurdish political parties to abide by its sanctions on Tehran after Washington withdrew from the 2015 nuclear deal in May last year.

The KRG started exporting oil and other petroleum derived products such as crude, naphtha, and heavy fuel to Iran back in 2013.

 

Iran was a lifeline for the Kurds of Iraq when they were under international and Iraqi sanctions in the 1990s. This close and complex history has left a residue of sympathy for Iran. 

  • Upvote 1
Link to comment
Share on other sites

122524.jpg?width=750&&height=375

 
2019/02/24 14:35
  • Number of readings 191
  • Section: Iraq
  •  

The region cancels the decision to prevent the export of oil to Iran

BAGHDAD - The Iraqi Ministry of Natural Resources announced on Sunday (February 24, 2019) the cancellation of a decision to ban the export of oil to Iran after the decision was taken on February 14. 
The Director General of Customs in the region, Samal Abdul Rahman, said in a statement, "Masala" that the Ministry of Natural Resources issued a clarification on February 20 to the Ministry of Finance, "its decision of 14 February to prevent the export of oil and in any form to Iran, Oil produced in oil refineries that have a formal license to work with the provincial government. "

"The decision of the Ministry of Natural Resources issued on February 20, allows to keep the remaining oil after getting from the refineries on gasoline, white oil and gas," he said, adding that "the ministry now allows the export of the remaining oil after the liquidation to Iran by tankers" .

On February 14, the Ministry of Natural Resources in the province stopped the export of the region's oil to Iran within the framework of the US sanctions against Tehran.

Follow the obelisk

http://almasalah.com/ar/news/164651/الاقليم-يلغي-قرار-منع-تصدير-النفط-لايران

 

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

  • yota691 changed the title to Oil: We export 80 thousand barrels of Kirkuk oil via the Iraqi-Turkish pipeline
 
13194.jpg
 
  

 energy


Economy News - Baghdad

Oil Minister Thamir al-Ghadhban said on Monday that Iraq is exporting 80,000 barrels of Kirkuk oil through the Iraqi-Turkish pipeline, pointing out that the price currently ranges between 66 and 67 dollars per barrel.

"With the commitment of the OPEC decision, we export more than 3.5 million barrels per day and the production of the Kurdistan region reaches 3.75 million barrels," Ghadhban said in a statement.

He pointed out that "the price is currently between 66 and 67 dollars a barrel and if we stay at this limit or more we will be comfortable and there is a difference in price between 6 and 8 dollars from Brent crude by type and dimension distance. "

"The high price between 70 to 72 dollars or between 65 to 70 will be comfortable for Iraq with a budget assumption of $ 56 and we have 20% deficit in the budget of Iraq, estimated at 133 billion dollars."

He stressed that "the export of Kirkuk oil through the pipeline located in the region associated with Fishkhabor through the Iraqi-Turkish pipeline and export 80 thousand barrels per day," noting that "the limits of the production of Kirkuk fields range from 300 thousand barrels for many reasons."

"So far we have not received any quantities of oil in the region because of the adoption of the budget recently and we have a dialogue soon and there is a positive atmosphere and a good opportunity to apply the budget in 2019 to receive 250 thousand barrels of Kurdistan."


Number of Views 2   Date Added 25/02/2019

 
  • Upvote 4
Link to comment
Share on other sites

3.565 million barrels per day .. Exports of oil in southern Iraq since the beginning of February

12:03 - 25/02/2019

 
image
 
 

Baghdad - Mawazine News 
Two executives in the oil sector, Monday, the export of 3.565 million barrels per day, from the ports of the south on the Gulf. 
"Iraqi crude oil exports from southern ports on the Gulf have reached about 3.565 million bpd since the beginning of February," the officials told Reuters. 
Basra's exports to southern Iraq fell to 3.556 million bpd in January after hitting a record high of 3.63 million barrels per day in December.

  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to Minister of Oil expects the price convenient for Iraq and reveals the date of receipt of ore region
Release date: 2019/2/25 13:15  353 times read
Minister of Oil expects the price convenient for Iraq and reveals the date of receipt of ore region
{Baghdad: Euphrates News} minister predicted oil , Thamer Ghadhban , "convenient price" of crude oil for Iraq.
"With the commitment of the OPEC and Nadeem export decision, we export more than 3.5 million barrels per day and the production of the Kurdistan region reaches 3.75 million barrels," Ghadhban said in a press statement . 
He pointed out that "the price is currently between 66 and 67 dollars a barrel and if we stay at this limit or more we will be comfortable and there is a difference in price between 6 and 8 dollars per ore Brent by virtue of type and dimension distance. " 
Al-Ghadhban pointed out that "the rise in prices between 70 to 72 dollars, Opin 65 to 70, Iraq will be comfortable with a budget assumption of $ 56 and we have 20% deficit in the budget of Iraq, estimated at 133 billion dollars."
He stressed that "the export of Kirkuk oil through the pipeline located in the region associated with Fishkhabur through the Iraqi-Turkish pipeline and export 80 thousand barrels a day," noting that "the limits of the production of Kirkuk fields range from 300 thousand barrels for many reasons." 
"So far we have not received any quantities of oil in the region because of the adoption of the budget recently and we have a dialogue soon and there is a positive atmosphere and a good opportunity to apply the budget in 2019 to receive 250 thousand barrels of Kurdistan."
  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

* Final Feb. southern exports seen at around 3.55 mln bpd 

* Rumaila output not affected by rehabilitation work at output unit (Adds detail, background) 

By Aref Mohammed 

BASRA, Iraq, Feb 25 (Reuters) - Crude oil exports from Iraq’s southern ports on the Gulf stand at around 3.565 million barrels per day (bpd) so far in February, two oil executives told Reuters on Monday. 

 

Exports from Iraq’s southern Basra ports fell to 3.556 million bpd in January, down from a record high of 3.63 million bpd in December. 

Shipments from the southern terminals are expected to stay at around 3.55 million bpd this month, in accordance with an OPEC agreement supply pact, two oil officials said. 

Iraq started rehabilitation work at one of the giant Rumaila oilfield’s output facilities on February 17 to improve crude processing operations, three oil officials with knowledge of Rumaila operations said. 

 

The Rumaila oilfield, developed by Britain’s BP and Chinese partner CNPC, now produces around 1.5 million bpd, said the officials.

Operations at the output unit, which was producing around 130,000 bpd, are expected to resume on Wednesday and production from the field has not been affected, two officials working in Rumaila said. 

 

The field, which has estimated reserves of about 17 billion barrels, produces the bulk of Iraq’s output. 

Iraq is the second-largest producer in the Organization of the Petroleum Exporting Countries after Saudi Arabia. 

Iraq is producing below its maximum capacity of nearly 5 million bpd in line an agreement between OPEC and other producers such as Russia to curtail global supply in order to support prices.

 

https://uk.reuters.com/article/iraq-oil-exports/update-1-iraqs-southern-oil-exports-3-565-mln-bpd-so-far-in-february-executives-idUKL5N20K1Y0?rpc=401&

  • Upvote 2
Link to comment
Share on other sites

13 hours ago, yota691 said:

So far we have not received any quantities of oil in the region because of the adoption of the budget recently and we have a dialogue soon and there is a positive atmosphere and a good opportunity to apply the budget in 2019 to receive 250 thousand barrels of Kurdistan."

 

 

  • Upvote 2
Link to comment
Share on other sites

Monday, February 25, 2019

Baghdad “comfortable” at $66-67 per oil barrel, Minister

 

 
 
Baghdad/ Iraq TradeLink: Iraqi oil minister Thamir al-Ghadhban expected that the “comfortable” oil
thamir%2Bal%253DGhadhban.gif
price for his country will be 66 or 67 dollars per barrel.
 
He confirmed abiding by OPEC decision to decrease oil production, pointing that the Iraqi oil production reached to 3.75 million barrels per day, including Kurdistan’s production.
 
On the other hand, he said that the current Kirkuk’s oil exports through the Kurdish pipeline reached to 80.000 b/d, pointing that the limits of oil production in the province could reach to 300.000 b/d.
 
He expected a chance to increase receiving Kurdish oil to 250.000 b/d.
  • Upvote 3
Link to comment
Share on other sites

  • yota691 changed the title to Oil announces total exports and financial revenues for last January
 
13226.jpg
 
  

 energy


Economy News _ Baghdad

The Ministry of Oil announced on Tuesday the total oil exports and final revenues for the month of January.

The spokesman for the Ministry of Oil Assem Jihad in a statement received "Economy News" a copy of it, "The total quantities exported from crude oil for the month of January last, according to the final statistics issued by the Iraqi Oil Marketing Company (Somo) of the oil fields in southern and central Iraq amounted to 110 million 245 thousand and 281 barrels, with revenues amounted to 6 billion and 223 million and 744 thousand dollars. "

Jihad explained that "the total quantities exported from Kirkuk oil fields exported through Ceyhan amounted to 2 million and 315 thousand and 389 barrels, revenues amounted to 130 million and 284 thousand and 556 dollars, while the total quantities exported from the field Qayara 550 thousand and 759 barrels, revenues amounted to 12 million And 655 thousand and 891 dollars. "

Jihad said that "the average price per barrel amounted to (56,287) dollars." He pointed out that "the exported quantities were loaded by (33) international companies of different nationality, through the ports of Basra and Khor al-Amaya and federal buoys in the Gulf and the Turkish port of Ceyhan."

Iraq exports crude oil currently from the southern ports in Basra and Kirkuk fields after it was stopped during the past two years as a result of the region's non-compliance with the oil agreement with the federal government.


Views 9   Date Added 26/02/2019

 
  • Upvote 1
Link to comment
Share on other sites

More than $ 6 billion in oil revenues for the past month

26220194523141f83f198-a2aa-496e-832d-526
 
Baghdad - NRT
 
A spokesman for the Ministry of Oil Assem Jihad, on Tuesday, the total exports of crude for the last month and revenues achieved, which amounted to more than 6 billion and 366 million dollars.
Jihad said in a statement obtained by (NRT): The total quantities exported from crude oil for the month of January last, "according to the final statistics issued by the Iraqi Oil Marketing Company (Somo) of oil fields in southern and central Iraq amounted to 110 million 245 thousand and 281 barrels.
He pointed out that the revenues amounted to "6 billion and 223 million and 744 thousand dollars," noting that the total quantities exported from Kirkuk fields through the port of Ceyhan, "two million and 315 thousand and 389 barrels, with revenues of 130 million and 284 thousand and 556 dollars."
He added that "the total quantities exported from the Qayara field 550 thousand and 759 barrels, with revenues amounted to 12 million and 655 thousand and 891 dollars."
Jihad pointed out that the average price per barrel amounted to "56,287 dollars." He pointed out that the exported quantities were loaded by "33 international companies of different nationality, through the ports of Basra and Khor al-Amaya and the federal buoys in the Gulf and the Turkish port of Ceyhan."
  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to More than $ 6 billion in oil revenues for the past month

  •  
  •  27 February 2019
  •  
  •  5:36 PM
  •  
  •  0
EE8F98E0-90A2-4BDB-BB37-A44724218475.jpe

The oil marketing company (SOMO) announced on Wednesday that the Indian and Chinese oil companies were the most buying Iraqi oil during the month of January.

The company posted information on its website that "Indian companies were the most numerous among the other international companies buying Iraqi oil, with 8 out of 33 companies that bought oil last month."

The company pointed out that "Chinese companies ranked second with 6 companies, followed by US companies by 4 companies."

"Then comes the British, Italian, Malaysian, Turkish, French, South Korean, Spanish, Russian and Greek companies."

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

  • yota691 changed the title to The stability of the export of crude at the rate of 3 million and 350 thousand barrels per day
 
13442.jpg
Basra Oil Company Headquarters.
  

 energy


Economy News Baghdad

The Basra Oil Company, on Wednesday, the stability of the rate of export of crude through oil ports by three million and 350 thousand barrels per day. 

"The export of crude oil through ports is stable by 3 million and 350 thousand barrels per day, while maintaining the ceiling of production of Basra crude as it is, Which is three million barrels per day in order to improve oil prices in the market and maintain the economies of producing countries and other countries and abide by the decisions of the Organization (OPEC) to achieve a balance in the global oil market.

"The investment contract for the South Integrated Project is still under discussion with international partners. The Ministry of Oil and Exxon Mobil and PetroChina are willing to follow up the discussion to reach a commercial formula on the distribution of profits for this project," he said. That "the project includes the development of a number of fields as well as the promotion of oil exports, and thus generate significant revenues."  


Views 53   Date Added 03/06/2019

 
  • Upvote 1
Link to comment
Share on other sites

  • yota691 changed the title to Oil is going to extend an oil pipeline to Ceyhan to export 1 million b / d
 
11166.jpg
Thamer Ghadhban Minister of Oil
  

 energy


Economy News Baghdad

The Minister of Oil, Thamer Ghadhban, said the ministry is considering extending an oil pipeline from the Kirkuk fields to the Turkish port of Ceyhan with a capacity of one million barrels per day, revealing that the Ministry of Transport is currently receiving tenders in this regard.

"The pipeline will be linked to the network of the national oil network, as the Kirkuk fields do not produce these quantities now," Ghadhban said in an interview with the official daily Al-Sabah.

He added that "the oil fields in the province of Kirkuk and after its return to the management of the federal government is now producing 380 thousand barrels per day from which about 80 thousand barrels per day towards the Turkish port of Ceyhan," noting that "the decline of production came because of the disruption of some fields as a camel and Hamrin, To rehabilitate them despite the difficult conditions in those areas. "


Views 83   Date Added 03/19/2019

 
  • Upvote 2
Link to comment
Share on other sites

7 hours ago, yota691 said:

"the decline of production came because of the disruption of some fields as a camel and Hamrin, To rehabilitate them despite the difficult conditions in those areas. "

 

:facepalm2:   :facepalm2:   :facepalm2:

 

Unbelievable.

 

Really.

 

Production DECLINE because of UNREHABILITATED CAMELS suffering "difficult conditions" "in those areas"???!!!

 

:shakehead:   :shakehead:   :shakehead:

 

Something ELSE is GOING ON!!!

 

In The Mean Time...........................................................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

  • Upvote 2
Link to comment
Share on other sites

A million barrels per ton of oil is planned to extend a pipeline from the fields of Kirkuk to Ceyhan

Economy | 01:40 - 19/03/2019

 
image
 
 

BAGHDAD - The 
Ministry of Oil, on Tuesday, sought to extend an oil pipeline from Kirkuk fields to the Turkish port of Ceyhan with a capacity of one million barrels per day. 
"The pipeline will be linked to the network of the national oil network, as the Kirkuk fields do not produce these quantities now," Oil Minister Thamir al-Ghadhban said of the details of an oil pipeline from the Kirkuk fields to the Turkish port of Ceyhan with a capacity of 1 million barrels per day. 
The minister added that "the oil fields in the province of Kirkuk and after its return to the management of the federal government now produces 380 thousand barrels per day from which about 80 thousand barrels per day towards the Turkish port of Ceyhan." 
Al-Ghadhban said that "the decline in production was due to the disruption of some fields as a camel and two reds, as the ministry is working on its rehabilitation despite the difficult conditions in those areas."

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

  • yota691 changed the title to Iraq to resume export of oil from the south after a stop

Iraq to resume export of oil from the south after a stop

Iraq to resume export of oil from the south after a stop
An oil field in Iraq
 27 March 2019 12:36 PM

Oil exports from southern Iraq have resumed after a halt caused by bad weather, oil officials said on Wednesday.

"Basra oil exports resumed late last night after a halt due to bad weather," a senior oil official said.

 

Iraq is OPEC's second largest producer after Saudi Arabia and exported 3.54 million bpd in February.

Shipments from southern ports are expected to reach 3.55 million bpd in March, in line with OPEC's supply agreement.

  • Upvote 1
Link to comment
Share on other sites

I thought i would share this tweet today, short and brief, but in my opinion highly significant.

Alan mohtadi is a reliable source and has often heard news before it breaks into main stream outlets.

 

#KRG have begun to hand over a portion of crude exports from KRG to SOMO 

  • Like 2
  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to Sumo: Indian companies most buy Iraqi oil for February
 
8955.jpg
Headquarters of the oil marketing company "Sumo"
  

 energy


Economy News Baghdad

The Iraqi oil marketing company "Sumo", Saturday, that the Indian oil companies were the most buying Iraqi oil during the month of February.

"The Indian companies were the most numerous among the other international companies to buy Iraqi oil and by 7 companies out of 33 companies that bought oil during the month of February," Sumo said in official statistics published on its official website and read by "Economy News".

"Chinese companies came second with 6 companies, followed by US and South Korean companies with 3 companies," Sumo said. "The rest were distributed to British, Italian, Turkish, Malaysian, Taiwanese, Spanish, Russian and Greek companies."

The Ministry of Oil has set the end of 2018 marketing mechanisms for the year 2019, which was based on the importance of each market in terms of demand volume and revenue per barrel.


Views 30   Date Added 30/03/2019

 
  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

 
Saturday 30 March
 
 
Search Bigger
 
 

Alsumaria News / Baghdad 
announced that the Iraqi Oil Marketing Company " SOMO ", Saturday, that the Indian oil companies were the most buying Iraqi oil during the month of February. 

The "Sumo" in official statistics published on its official website and seen by Alsumaria News, "The Indian companies were the most numerous among the other international companies to buy Iraqi oil and by the 7 companies out of 33 companies that bought oil during the month of February."

 


"Chinese companies came second with 6 companies, followed by US and South Korean companies with 3 companies," Sumo said. "The rest were distributed to British, Italian, Turkish, Malaysian, Taiwanese, Spanish, Russian and Greek companies." 

The Ministry of Oil has set the end of 2018 marketing mechanisms for the year 2019, which was based on the importance of each market in terms of demand volume and revenue per barrel.

  • Upvote 2
Link to comment
Share on other sites

Vice: Sumo bear the bulk of the waste of oil revenue

Economy | 12:57 - 31/03/2019

 
image
 
 

BAGHDAD - Mawazine News 
MP Ahmad al-Jubouri said on Sunday that the oil marketing company (SOMO) bear the bulk of the waste in Iraqi oil revenues. 
"The Ministry of Oil is proud to increase production, and does not mention that Iraq buys $ 10.5 billion gas, benzene, kaz and kerosene from neighboring countries, that is 15% of oil revenues," Jubouri said in a tweet on his personal account at the social networking site "Twitter" . 
"Do you know that extraction, transportation, marketing and even liquidation is for the foreign worker, not the national?" "Sumo bears the brunt of the waste."

 
 
 
Link to comment
Share on other sites

  • yota691 changed the title to Iraq announces total exports of crude oil to last March
 
14147.jpg
 
  

 energy


Economy News _ Baghdad

The Ministry of Oil, on Monday, the total quantities exported crude oil and revenue achieved for the month of March, indicating that the average price of a barrel of oil exported amounted to more than $ 63.

The ministry spokesman Asim Jihad said in a statement received "Economy News" a copy of it, "According to preliminary statistics issued by the Iraqi oil marketing company Sumo, the amount of exports of crude oil for the month of March last 104 million and 686 thousand and 779 barrels, with revenues of more than 6 Billion and 679 million and 440 thousand dollars, "noting that" the average price per barrel amounted to 63,804 dollars. "

Jihad added that "the total exported quantities of crude oil from the oil fields in central and southern Iraq amounted to 100 million and 899 thousand and 853 barrels, while the Kirkuk fields amounted to 3 million and 63 thousand and 972 barrels, while the quantities exported from the field Qayara 722 thousand and 954 Barrel ".

Jihad pointed out that "the total daily rate of exports amounted to 3 million and 377 thousand barrels, where the daily rate of export from the ports of Basra 3 million and 254 thousand barrels, and Ceyhan daily rate was 99 thousand barrels, while the daily average of the field Qayara 24 thousand barrels "He said.


Views 33   Date Added 04/01/2019

 
  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to US report: Iraqi approach to extend an oil pipeline towards Syria
  • TexasGranny locked this topic
Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.