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


yota691
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History of edits:: 2017/12/21 11:18 • 281 times readable
The Ministry of Oil begins receiving the Majnoon field operations from Shell
[Ayna-Baghdad] 
Oil Minister Jabbar Ali al-Luaibi announced the formation of a national executive management of the Majnoon oil field in the south of the country and the immediate receipt of responsibilities and documents from Shell Anglo-Dutch, which decided to withdraw from the field by mutual consent.

"A timetable has been set for the field to be completed on March 30, 2018, with the presence of some employees from Shell until June to complete some of the obligations and procedures," a ministry statement said. "He said.

"The formation of the National Executive Directorate of the field is an important step in the right direction to move forward in the management and implementation of the development plans and programs that were previously approved with Shell to increase the capacity of the field to more than 400 thousand barrels per day in the coming years."

"The priorities of this administration to reduce the cost of producing a barrel of this field to more than 30%, which is the basis for ensuring the efficiency of expenditure and production," adding Allaibi,

For his part, the Director General of the Basra Oil Company that "the field management includes specialists who have expertise and skill in the Basra Oil Company, were carefully selected to carry out this task in addition to contracting with consultants to provide technical advice in reservoir studies and maintenance and implementation of investment projects and others.

He stressed that "the process of receiving the field from Shell is proceeding according to the agreed program, and that the new national executive management will implement the commitments to develop the field and achieve the goals planned.

Shell has asked to withdraw from the field of Majnoon to devote fully to the development of gas investment operations in the Gas Company of Basra.

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4483.jpg
Oil pipeline
  

 

Economy News Baghdad

The Ministry of Oil announced on Sunday the opening of the tender for companies to implement the pipeline project of export of Iraqi crude oil capacity of one million barrels per day from Kirkuk to the port of Ceyhan oil on the Mediterranean coast.

The head of the oil projects company, Raad Rafiq, in the announcement of the tender for the implementation of the project pipeline export between Iraq and Turkey, and briefed by "Economy News" that "the Ministry of Oil in its intention to implement the project pipeline export Iraqi crude oil capacity of one million barrels per day from Kirkuk to the port of Ceyhan oil on The Mediterranean coast of Turkey, which will be a substitute for current lines. "

"The Iraqi-Turkish crude oil pipeline system consists of a 48-knot pipeline and an approximate length of 350 km from the warehouse and the new primary pumping station ( ITP1 ) to the new MS measurement stationnear the Iraqi-Turkish border."

He pointed out that "the proposed route of the pipeline parallel to the current path that crosses the opening in the province of Salah al-Din and the Tigris River and Khabour."

"The project includes two reservoirs of crude oil, the first in the primary station ITP1 and the station with six tanks for the first station and four others, an operational card (60000 cubic meters) per tank."

He pointed out that "the project depends on the self-generation of the operation of pumps and any other requirements for electric power by the adoption of gas to be processed from Kirkuk, and the extension of a parallel pipeline with a diameter of 12 knots and a length of 205 kilometers, which will provide all stations except the measurement station . "

He pointed out that "the contract will be of a type of investment building owns the transfer of ownership of the so-called BOOT and the companies merged advanced to include at least 25% of Iraqi companies within the damage.

"The last date for submission of the participation letter is the twenty-fourth of January 2018," Rafik said.

 

Views 307   Date Added 12/24/2017

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  • yota691 changed the title to Iraq exports more than 3 million and 800 thousand barrels of oil through its southern ports today
 
BASRA 
, Iraq (Reuters) - Iraq's oil exports reached 2.3 million barrels on Monday through its southern ports. 
"The port of Basra with sea buoys received giant oil tankers carrying different nationalities, where the completion of two of them today," he said, noting that "seven giant tankers are currently loading and anchored on the berths of Basra oil port and sea buoys" .
The source added that "the rate of pumping from the production plants and wells of the southern fields amounted to one hundred and fifty-nine thousand barrels of oil per hour." 
He stressed that "the southern ports exported three million and eight hundred and sixteen thousand barrels of crude oil," pointing out at the same time that "the weather conditions and climate did not hinder the export of oil through those ports."
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Iraq signs a $ 3 billion contract to develop an oil field

Iraq signs a $ 3 billion contract to develop an oil field
Iraqi Oil Minister Jabbar al - Allaibi
 
 25 December 2017 05:23 PM

The Iraqi Ministry of Oil and China's Genghua Company signed a preliminary contract to develop an oil field in eastern Baghdad worth $ 3 billion.

Iraqi Oil Minister Jabbar al-Luaibi said the contract to increase crude oil production by 40,000 barrels per dayto meet the requirements of the electrical power sector in Baghdad,

The Director General of the Department of Contracts and Licenses in the Ministry of Oil that the Ministry expects to reach the costs required to develop the field to $ 3 billion.

Al-Amidi noted that Iraq has made amendments to the new service contract with the Chinese company to link international oil prices and development costs.

The new contract will allow the Chinese company to receive a fee of $ 3.5 per barrel of crude oil produced by the field and will be a model for all future contracts with international companies.

He added that Iraq plans to exploit 20 million cubic feet of gas, which comes out as a byproduct associated with the production of oil from the field east of Baghdad to feed a large power station nearby.

He expected the final agreement to be signed to the field east of Baghdad by next March.

A spokesman for the Iraqi Oil Ministry, on Sunday, that this contract requires the Chinese company to rely on the Iraqi labor force by 50%, gradually increase to 80% .

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  • yota691 changed the title to Iraq signs a $ 3 billion contract to develop an oil field

Dhi Qar (IraqiNews.com) Iraq’s oil ministry said Monday it was beginning oil production from an oilfield in Dhi Qar province, with daily amounts set at 20.000 barrels per day.

Minister Jabbar al-Luaibi said in a statement that production will begin from al-Sabba oil field, with a capacity of 20.000 barrels a day.

He also pointed to an intention to “best invest in associated natural gas”, adding that “surface facilities of the oil field have a production capacity exceeding more than 100.000 barrels a day.

Sabba oil field, southeast of Nasiriyah, was discovered in the 1950s, and is one of Dhi Qar’s three major fields. Its first well was dug in 1975, with three more dug in 1977 and 1979.

On Saturday, the ministry said it plans to drive up production from Nasiriyah oilfield to 200,000 barrels per day from 90,000 bpd in the next few years.

Iraq’s economy has been reeling due to the conflict with Islamic State, falling world oil prices and alleged domestic corruption.

Iraq exported crude oil worth USD6.83 billion during the month of November, the country’s marketing company said in a recent statistic.

The State Oil Marketing Organization (SOMO) said that was the worth of 105.51 million barrels exported during the month, with an average price per barrel of  USD57.194.

The statistic put the daily export rate at 3.503 million barrels.

Iraq’s oil ministry had unveiled intentions to drive up crude oil production to five million barrels a day before the end of 2017.

Iraq is OPEC’s second largest oil producer following Saudi Arabia.

https://www.iraqinews.com/business-iraqi-dinar/iraq-begins-production-20-000-bpd-dhi-qar-oil-field/

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Baghdad (IraqiNews.com) Iraqi security forces have cleared a section an oil pipeline stretching to Turkey from booby-traps left behind by Islamic State militants, the Iraqi Ministry of Interior said on Thursday.

Interior Ministry spokesperson Saad Maan said “bomb squads from the energy security directorate have finished the dismantling and clearing of the Iraq-Turkey pipeline which stretches from Kirkuk province, passing by al-Riyad, Baiji and Mosul to Turkey”.

That pipeline had been under Islamic State control during the militants’ presence, according to Maan.

“After works that lasted for more than one month, the energy security directorate has manage to clear that line from Kirkuk to Baiji…and to lift and dismantle the explosive devices along the line,” Maan said.

He said that more than 900 devices have either been defused or detonated.

Islamic State militants have reportedly both set fire to oil wells and illegally traded in Iraqi oil during their occupation of several Iraqi areas since 2014 before the government declared the group’s defeat earlier this month.

Last Monday, the oil ministry said  it plans to use drones to monitor and protect its oil export and production pipelines starting early 2018.

It unveiled, a week earlier, plans to install a network of pipelines to pump crude oil and refined products across all its territory, as a replacement to more costly and insecure tanker trucks.

 

https://www.iraqinews.com/iraq-war/section-iraq-turkey-pipeline-cleared-islamic-state-explosives/

 

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  • yota691 changed the title to Japan grants Iraq $ 2 billion loan to rehabilitate Basra refinery
 

The oil and gas committee in the Basra Provincial Council announced that the Japanese government has agreed to grant Iraq a loan of two billion and (100) million dollars for the implementation of a series of rehabilitation projects in Basra oil refinery, noting that the interest rate of this loan is 2% 40 years old.
“These amounts will be allocated for the implementation of a series of vital and strategic projects in Mustafa Basra as a project (Hydrogenation of gas oil) with a capacity of 20 thousand barrels per day, in addition to the project of the auxiliary unit cracker (FCC) which Is the largest of its kind in the liquidation projects. ”
He added that these projects aim to develop the refinery and reach the daily production of (4500) tons of improved gasoline and (27000) barrels of fuel oil and (40,000) barrels of hydrogenated gas oil, which is produced for the first time in Iraq and according to specifications In addition to the production of (500) tons of liquid gas, which enhances the actual need. “

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  • yota691 changed the title to Iraq exports more than three million barrels of oil through its southern ports
12:14
Last updated
The time now is 12:21 PM
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BASRA 
, Iraq (Reuters) - Iraq exported three million and 120,000 barrels of crude oil through its southern ports, a shipping source said on Sunday. 
"The rate of pumping is one hundred and thirty thousand barrels of crude oil per hour," the source told Al-Ghad Press. "Two giant ships from Basra oil port and sea buoys are being completed."

The source added that "four ships are still anchored on the docks of oil ports and are currently loading," explaining that "the docking operations take off without any hindrance."
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  • yota691 changed the title to Export of more than one billion barrels of oil during the year 2017 and oil revenues recorded a deficit of 2 trillion dinars
 
1022.jpg
Oil worker in southern Iraq
  

Reports

Economy News Baghdad:

 

In 2017, Iraq exported more than one billion barrels of oil worth $ 59.1 billion, failing to implement its oil revenue plan by 2.7%.

 

Oil prices have recovered over the past year as a result of the implementation of OPEC's cut production agreement, with Iraq cutting 200,000 bpd of its output.

 

The analysis unit in "Economy News" calculated the oil source and production and revenues from oil exports during the past year.

 

According to monthly data released by the Ministry of Oil, oil exports during the past 12 months amounted to 1.207 billion barrels, with revenues of 59.1 billion dollars, while the average price of a barrel was 49.15 dollars.

 

The monthly average of oil exports amounted to 100.6 million barrels, while the month of December was the most important month of oil exports, reaching 109.5 million barrels. The month of February was the lowest month for the export of oil, reaching 91.6 million barrels due to the lack of days of the month compared to normal months in addition to weather conditions.

 

According to the budget of 2017, Iraq has to issue 3.750 million barrels per day at $ 44.40, but Iraq has not complied with the annual plan set by the rate of daily exports of oil amounted to 3.354 million barrels deficit of 396 thousand barrels per day, but the price of a barrel of oil rose more than estimated Reaching $ 49.15 a barrel.

 

Iraq was expected in the budget of 2017, to get 71.8 trillion dinars of oil revenues, but he received 69.8 trillion dinars (59.1 billion dollars) to record a deficit of 2 trillion dinars.

 

 

 

Views 707   Date Added 01/02/2018

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https://www.iraqinews.com/features/abadi-kurdistan-oil-exports-usd1-billion-3-months/

 

Baghdad (IraqiNews.com) Northern Iraq’s autonomous Kurdistan Region has exported oil worth more than one billion dollars in three months, Iraqi PM Haider al-Abadi said on Tuesday.

Speaking during his weekly press conference, Abadi said “the region’s (Kurdistan) exports of oil over the past three months have stood at nearly 2 trillion Iraqi dinars (USD1.68 billion).

“Kurdistan secures more than 80 percent of its employees’ salaries from oil revenues,” said the prime minister.

“The region had promised to provide a statement with its revenues this year,” said Abadi. “There is a problem with employees’ numbers in Kurdistan, but that does not prevent the disbursing of salaries”.

Earlier on Tuesday, the Iraqi Oil Ministry said Iraq exported more than 109 million oil barrels during the month of December, with revenues more than USD 6.496 billion.

Kurdistan has been demanding Baghdad to send delayed employee salaries as a crisis erupted between the two governments since the region voted for independence from Iraq in a September poll.

Baghdad, on the other hand, has demanded Kurdistan to speak out on revenues it made from oil exports, occasionally accusing the region’s government of exporting it illegally without the federal government’s oversight.

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Oil: Our revenues amounted to more than 59 billion dollars per month during the past year
04-01-2018 04:53 PM
 

The Euphrates -

 

The Ministry of Oil announced today that the total oil exports for the year 2017 amounted to 1 billion and 207 million barrels, noting that revenues amounted to more than 59 billion dollars per month during the past year. 

The oil marketing company "Sumo" of the ministry in a report posted on its website that "the total oil exports for 2017 amounted to one billion and 207 million and 55 thousand barrels," noting that "the monthly export rate of 100 million and 629 thousand barrels and the rate of 3 million and 246 thousand barrels per day "He said. Adding that "revenues from sales of crude oil amounted to 59 billion and 552 million dollars and the rate of 4 billion and 962 thousand dollars per month," noting that "the average monthly selling price of crude oil reached $ 49 and 214 cents." 

He explained that the total oil exports from the ports of Basra amounted to one billion and 201 million and 823 thousand barrels, while the rates of oil exports across the northern line of five million and 800 thousand barrels per month, "pointing out that" the average number of companies that bought Iraqi crude oil amounted to 44 international companies

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At the beginning of 2018: Iraq achieves a record rise in its oil exports

 
 

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The Iraqi Oil Ministry records a series of global achievements with the highest rate of exports of crude oil, up to three million and 535 thousand barrels per day.
The achievement of this success is due to the directives of Prime Minister Haider al-Abadi and his direct supervision of the implementation of development plans to promote economic reality and stability.
Oil Minister Jabbar al-Luaibi praised the support of the Prime Minister Abadi for the efforts of oil workers who continue to work day and night to invest the best of national wealth and maintain and increase production and work to maximize the revenues generated by them, pledging the national government and the Iraqi people to move forward to achieve other achievements during the new year .

The Ministry of Oil announced the high rate of exports and revenues achieved for the month of December 2017 compared to the month of November last year for the same year, according to preliminary statistics from the Iraqi oil marketing company “Sumo”, which is one of the important oil companies in Iraq and the export of crude oil throughout the Arab world and the Middle East and the world.

The spokesman for the Ministry of Oil Assem Jihad announced that the total exported quantities of crude oil for the last month of December, according to the statistics (Sumo) amounted to 109 million and 573 thousand and 817 barrels, except for the exports of Kirkuk fields, which have not recorded exports.
Jihad added that the revenues generated by these exports amounted to six billion and 496 million and 204 thousand dollars, the average price per barrel 59,286 dollars.
Jihad said that the daily rate of crude oil exports achieved a record increase compared with the month of November of last year 2017, amounting to three million and 535 thousand barrels.

Oil Minister Jabbar al-Luaibi sent a telegram at the beginning of 2018 to Prime Minister Haider al-Abadi, paying tribute to the efforts exerted to build a great Iraq and a bright future for his sons, which came as a result of Abadi’s support, care and follow-up.

Al-ALuibi , the independent oil expert who has achieved since his assumption of the reins of the Ministry of Oil many achievements and redouble efforts to serve Iraq and its people, said that the investment capacity of gas facilities in the southern region (Basrah) reached 900 MMSCF / day of raw gas on January 1, 2018 for the first time in the history of the ministry and an increase of 80% from what was achieved during the beginning of January 2017.
Al-Luaibi added an average of 230 MMSCF of crude gas has been invested for the rest of the southern gas fields and Missan oil stressing that this great achievement will enhance the country’s capabilities in exporting liquid gas and natural gas. It will increase sustainable development and increase investor confidence in petrochemical projects and fertilizers due to the abundance of raw material for these industries which is refined gas.
He pointed out that the rate of exports from the southern ports reached for the first time in the history of Iraq to 3,535,000 million barrels per day during the month of December 2017 with an export volume of 110 million barrels / December.
Al-Luaibi stressed that the Ministry of Oil is continuing its achievements in all directions and sectors towards enhancing the economic and developmental reality of the country.
Iraq, which relies on its annual financial revenues on the export of oil by 97%, seeks through a package of legal legislation, to activate the industrial, agricultural and commercial aspects to ensure the provision of additional non-oil financial income.

Shatha Khalil
Economic unity
Rawabet Center for Research and Strategic Studies

 
 
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  • yota691 changed the title to Iraq : Our oil exports in 2017 touched 60 billion dollars

Iraq : Our oil exports in 2017 touched 60 billion dollars

Iraq: Our oil exports in 2017 touched 60 billion dollars
 

 Twilight News   

 2 hours ago

 

Iraq exported about 207 billion barrels of oil last year worth about $ 60 billion at a monthly average price of $ 49 and 214 cents per barrel of oil.

The oil marketing company "Sumo" of the Iraqi Oil Ministry said in a report on Friday that the total oil exports for 2017 amounted to 207 billion and 55 thousand barrels at a monthly export rate of 100 million and 629 thousand barrels and the rate of 3 million and 246 thousand barrels per day.

She pointed out that the revenues from sales of crude oil amounted to 59 billion and 552 million dollars and the rate of 4 billion and 962 thousand dollars per month. She explained that the average monthly selling price of crude oil reached 49 dollars and 214 cents per barrel of oil.

The Iraqi company said that the total exports of oil from the ports of southern Basra amounted to one billion and 201 million and 823 thousand barrels, while the rates of oil exports across the northern line of five million and 800 thousand barrels per month .. He indicated that the average number of companies that bought Iraqi crude oil amounted to 44 global companies.

The Iraqi oil exports from the southern ports recorded unprecedented rates and a record increase in the investment of the crude gas accompanying the oil operations in the Basrah Gas Project by up to 80% in difficult economic conditions.

Iraqi Oil Minister Jabbar Ali al-Luaibi confirmed the high daily export rates of oil from the southern ports to 3 million and 535 thousand barrels per day during the month of December last year, describing them at an unprecedented export rates.

He added that "the ministry had taken earlier in last year a decision to increase the quantities of crude oil pumping from the southern ports in order to achieve an increase in financial revenues and to support the federal budget compensation for the interruption of exports through the northern port.

He pointed out the achievement of an unprecedented increase in the investment of crude gas associated with oil operations in the Basrah Gas project by up to 80% in early January of the new year 2018 compared to the same month of 2017 and the investment capacity of this project to the rate of 900 million standard cubic feet Per day.

He talked about another increase in the investment of raw gas from the fields of the South Gas Company and the Missan Oil Company to reach the rate of 230 million standard cubic feet per day, pledging to achieve other achievements during the new year 2018.

 

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SUN JAN 7, 2018 / 4:32 AM EST

 

Reuters Staff

 

FILE PHOTO: Iraqi Oil Minister Jabar al-Luaibi speaks during news conference at the ministry of oil in Baghdad, Iraq November 27, 2017.

 

(Reuters) - Iraq will start exporting oil from the northern Kirkuk fields to Iran before the end of January, Iraqi Oil Minister Jabar al-Luaibi told reporters on Sunday in Baghdad.

 

About 30,000 barrels per day of crude will be trucked to Iran's Kermanshah refinery in the first instance, he said.

 

''God willing, we will start before the end of the month,'' he added.

 

Trucking crude to Iran comes under a swap agreement announced last month by the two countries to allow a resumption of oil exports from Kirkuk.

 

Iraq and Iran have agreed to swap up to 60,000 barrels per day of crude produced from Kirkuk for Iranian oil to be delivered to southern Iraq, Luaibi said last month.

 

Kirkuk crude sales have been halted since Iraqi forces took back control of the fields from the Kurds in October.

 

Kurdish forces took control of Kirkuk in 2014, when the Iraqi army collapsed in the face of Islamic State. The Kurdish move prevented the militants from seizing the region's oilfields.

 

Iraq and Iran are also planning to build a pipeline to carry the oil from Kirkuk to avoid having to truck the crude, Luaibi said last month.

 

The planned pipeline could replace the existing export route from Kirkuk via Turkey and the Mediterranean.

 

(Reporting by Ahmed Rasheed, writing by Maher Chmaytelli; editing by John Stonestreet and Jane Merriman)

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Iraq will start exporting oil from the northern Kirkuk fields to Iran by the end of January, Iraqi Oil Minister Jabbar al-Luaibi told reporters in Baghdad.
He added that about 30 thousand barrels per day of crude will be trucked to the Iranian refinery Kermanshah at the start of export.

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  • yota691 changed the title to Iraq Negotiating With US Oil, Gas Companies
Saturday, January 06, 2018

Iraq Negotiating With US Oil, Gas Companies

 
 
 

US companies are eager to strengthen bilateral cooperation with Iraq in all industrial sectors, especially in oil and gas, the Iraqi Ministry of Oil said on Thursday after US Ambassador to Iraq Douglas Silliman met with Iraqi Oil Minister Jabbar Al-Luaibi.

Al-Luaibi invited US companies to take part in tenders called by the Iraqi ministry and said Iraq was preparing more favorable work conditions for foreign companies investing and doing business in Iraq, Oil Price reported. The two US supermajors, ExxonMobil and Chevron, already have operations in parts of Iraq. Exxon signed an agreement in 2010 with Iraq’s South Oil Company to redevelop and rehabilitate the West Qurna I Oilfield in southern Iraq.

In 2013, Exxon signed agreements with PetroChina and Pertamina for participating interest in the West Qurna I project. In October 2011, Exxon signed six production sharing contracts covering more than 848,000 acres in the Kurdistan Region of Iraq.

Chevron, on the other hand, has operations in the Kurdistan Region. Chevron operates and holds an 80% stake in the Sarta production-sharing contract and the Qara Dagh PSC. The two blocks cover a combined area of 279,000 net acres.

Following the Kurdistan region’s independence referendum and Iraq’s federal government backlash against Kurdistan, Chevron temporarily suspended drilling in the region.

In southern Iraq, Chevron is one of the major foreign companies—alongside France’s Total and Petrochina—that could form a consortium to take over the operation of the Majnoon field from Shell, which has said it wants out of the project. Currently, Shell is the operator and holder of 45% at Majnoon, with Malaysia’s Petronas owning 30% and Iraq’s Missan Oil Company holding the remaining 25%.

At the end of December, Iraq said that it had formed a management team to take over operations from Shell after the Anglo-Dutch major exits the field by the end of June.

Iraq wants to raise production at Majnoon from the current 235,000 bpd to around 400,000 bpd in the “coming years”.  

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  • yota691 changed the title to US report: Iraqi approach to extend an oil pipeline towards Syria
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