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

[yota691]

Iraq to resume oil exports of Kirkuk after a halt for more than a year

Release Date: 2018/11/16 13:12 • 52 times read

(Reuters) - Iraq resumed its exports of Kirkuk oil after it stopped more than a year ago amid a dispute between the central government in Baghdad and the Kurdistan region, sources in the oil sector said on Friday.

The development is a victory for the US government, which has been pressing both sides to settle the dispute and resume flows to help address the shortage of Iranian crude in the region after Washington imposed new sanctions on Tehran. 
The sources said that the flows resumed on Friday at an average level of between 50-60 thousand barrels per day compared with peak levels of 300 thousand barrels per day in some months 2017, and it is unclear when and to what extent will increase those supplies.

[yota691]

Urgent: Iraq announces an agreement with Kurdistan to resume the export of Kirkuk oil

 

 

 Twilight News    
 38 minutes ago

The Ministry of Oil announced the arrival of the federal government and the Kurdistan Region to an agreement in principle to resume the export of oil from the fields of Kirkuk via the pipeline to the Turkish port of Ceyhan. 
The ministry spokesman Assem Jihad said in an interview with the twilight news that the agreement provides for the export of oil from the fields of Kirkuk to the Turkish port of Ceyhan through the pipeline passing from the region, at a rate of 50-100 thousand barrels per day. 
He added that it will be exported and marketed this quantity through the Iraqi Oil Marketing Company "Sumo". 
Exports from Kirkuk have been expected since October 2017, when the Iraqi government forces seized control of Kirkuk from the Kurdish authorities, in response to the organization of a referendum on the independence of the Kurdistan Region. 
Kurds seized control of Kirkuk and its oil fields after the fighters expelled the organization «Da'ash» Iraqi army from the region in 2014, and then expelled Kurdish forces fighters of the organization later.
Iraqi oil fields in the disputed Kirkuk area gained new importance after the United States re-imposed sanctions on Iran. Washington is pressing Baghdad to resume exports, which were suspended last year. 
Iraq aims to increase its export capacity to 8.5 million barrels per day in the coming years, from less than 5 million barrels per day now, one million barrels may come from Kirkuk, but the process of appeal complex. 
The suspension of exports from Kirkuk delayed the flow of about 300 thousand barrels per day from Iraq towards Turkey and global markets, causing a loss of revenues of about 8 billion dollars since the suspension last year. Most of Iraq's exports come from southern fields, but Kirkuk is one of the largest and oldest oil fields in the Middle East, with recoverable oil estimated at 9 billion barrels.
The United States is also considering Kirkuk as an option to help offset the global oil shortage caused by its sanctions against Iran, which bans the import of Iranian oil. The United States is pressing Baghdad to suspend all shipments of oil from Iran and resume pumping from Kirkuk to Turkey, according to sources in the sector. 
He destroyed the pipeline that Baghdad had previously used for export through Turkey, to maintain only one pipeline at work, which was built and operated by the Kurds. The Iraqi government has to use the pipeline or build a new pipeline, and is considering both options. 
On paper, Baghdad controls Kirkuk oil flows, but if Iraq decides to use the Kurdish pipeline to export oil, it will need to negotiate.

Keywords: 

[yota691]

Oil reveals an agreement with Kurdistan to resume export from the fields of Kirkuk

 

Spokesman for the Ministry of Oil Assem Jihad "Internet"

energy Economy News Baghdad: The Ministry of Oil, on Friday, the central government reached a "tentative" agreement with the Kurdistan government to resume export from the fields of Kirkuk via the pipeline to the Turkish port of Ceyhan . The ministry spokesman Asim Jihad, in a press statement received by "Economy News", "The federal government and the Kurdistan region reached a preliminary agreement provides for the resumption of oil exports from the fields of Kirkuk ." He explained that the agreement "provides for the export of oil from Kirkuk fields to the Turkish port of Ceyhan through the pipeline passing from the region, and at a rate of 50-100 thousand barrels per day ." Jihad pointed out that "the export and marketing of this quantity will be through the Iraqi oil marketing company Sumo." Number of Views 10   Date Added 16/11/2018

[trident]

Kurdistan

After year-long halt, Baghdad resumes Kirkuk oil exports through Kurdistan to Turkey

Sangar Ali |

5 hours ago

 

---

Flames emerge from flare stacks at the oil fields in Kirkuk, Iraq October 18, 2017. (Photo: Reuters/Alaa al-Marjani)

 

Iraq Kurdistan Kirkuk Turkey Oil Baghdad

 

 

ERBIL (Kurdistan 24) – The federal government of Iraq has restarted exports of Kirkuk oil to Turkey through the Kurdistan Region after a year of disruption following the Kurdish referendum on independence in 2017, Iraq’s Ministry of oil confirmed on Friday.

“The federal government and the Kurdistan Region reached an agreement in principle to resume the export of oil from the fields of Kirkuk via the pipeline to the Turkish port of Ceyhan,” the spokesperson for the Iraqi Ministry of Oil, Asim Jihad, said in a statement.

Jihad mentioned that 50,000 – 100,000 oil barrels per day will be exported through the Kurdistan Region’s pipeline to Turkey.

“The Iraqi oil marketing company (SOMO) will be in charge of the export and marketing of this quantity,” he added.

The agreement comes weeks after intense negotiations between Erbil and Baghdad, with pressure from western countries, for both sides to resolve outstanding disputes and help address a shortage of Iranian crude in the region after the US imposed sanctions on Tehran.

The deal indicates that the Prime Minister of Iraq, Adil Abdul-Mahdi, and Oil Minister Thamir Ghadhban are ready to work with the Kurdistan Regional Government (KRG) despite previous tensions following the Sep. 25 referendum of last year.

The export of Kirkuk oil to Turkey halted in Oct. 2017 after Iraqi forces and Shia militias took control of the oil-rich province. It stopped the flow of 300,000 bpd to Turkey, resulting in a loss of revenue totaling some $8 billion over the past year.

Kirkuk is one of the biggest and oldest oilfields in the Middle East, estimated to have 9 billion barrels of recoverable oil. The province is one of the disputed territories claimed by both the KRG and the federal government of Iraq.

Editing by Nadia Riva

[yota691]

The Ministry of Oil clarifies the agreement with the region in the exports of Kirkuk

Editorial date: 2018/11/16 18:44 • 564 times read

(Baghdad): The Ministry of Oil, on Friday, the federal government reached a preliminary agreement with the Kurdistan Regional Government to resume the export of oil from the fields of Kirkuk to the Turkish port of Ceyhan on the Mediterranean Sea.

"The federal government and the Kurdistan region have reached a preliminary agreement to export oil from the fields of Kirkuk through the pipeline of the region," spokesman Assem Jihad said in a statement. 
He added that "the agreement provides for the export of oil from the fields of Kirkuk to the Turkish port of Ceyhan through the pipeline passing from the region and the rate of 50-100 thousand barrels per day 
He said," This will be exported and marketed through the Iraqi Oil Marketing Company (Sumo) . 
the exports from Kirkuk stopped in October 2017 , which was up to about 300 thousand barrels per day from Iraq to Turkey and international markets - causing a net loss of revenue amounted to about $ 8 billion during the year Almadi.anthy

[6ly410]

Iraq restarts some Kirkuk oil exports after year-long halt

November 17, 2018

https://www.thenational.ae/world/mena/iraq-restarts-some-kirkuk-oil-exports-after-year-long-halt-1.792706

 

Iraq has resumed exports from its oil fields around Kirkuk, one year after the city was seized by federal forces from the autonomous Kurdish administration in the north of the country. AP

Iraq restarted exports on Friday of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan's semi-autonomous region, after a new government in Baghdad agreed a tentative deal with Erbil.

The development is a win for the US government, which has been urging both sides to settle the dispute and resume flows to help address a shortage of Iranian crude in the region after Washington imposed new sanctions on Tehran.

Flows resumed at a modest level of around 50,000-60,000 barrels per day (bpd) compared with a peak of 300,000 seen last year and it was not clear when and by how much they would rise, industry sources said.

A spokesman for Iraq's Oil Ministry, Asim Jihad, confirmed exports had restarted, adding that an agreement had been reached to resume flows at 50-100,000 bpd.

"The resumption of Kirkuk shipments of between 50-100,000 barrels per day will not add to Iraq's total exports," Mr Jihad said.

"We will have a balance and that means Kirkuk shipments which were supplying some of the northern refineries will be compensated from the south."

The deal signals that new Iraqi Prime Minister Adel Abdul-Mahdi and Oil Minister Thamir Ghadhban are ready to work with Erbil despite previous tensions and a failed independence referendum in September 2017.

The halting of exports from Kirkuk in October 2017 stopped almost 300,000 bpd flowing out of Iraq towards Turkey and international markets - causing a net revenue loss of some $8 billion (Dh29 bn) over the past year.

Most of Iraq's exports come from southern fields, but Kirkuk is one of the biggest and oldest oilfields in the Middle East, estimated to contain 9 billion barrels of recoverable oil.

Exports have been on hold since Iraqi government forces retook Kirkuk from Kurdish authorities in 2017. The Kurds had taken control of Kirkuk and its oilfields after ISIS militants drove the Iraqi army out in 2014, and Kurdish forces, in turn, ejected the militants.

The pipeline Baghdad once used for export via Turkey was wrecked by ISIS - leaving only one working

Edited November 17, 2018 by 6ly410

[10 YEARS LATER]

Great to see these folks Walking AND Chewing gum at the same time.

 

Just keep things moving while you talk through to a positive outcome for all.

 

Perhaps they've begun to understand that brining things to a screeching halt, then dragging your feet, finger pointing and gnashing of teeth through endless bickering solves ABSOLUTELY NOTHING. 

 

Of course I won't be holding my breath 

 

Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.

 

Winston Churchill
Read more at: https://www.brainyquote.com/quotes/winston_churchill_163144

[yota691]

Iraqi government signs an agreement to resume the export of oil through the Kurdistan region

Pipelines for oil extracts

 18 November 2018 12:31 PM

 

Direct: The Iraqi federal government and the Kurdistan region reached a preliminary agreement on the resumption of oil exports from Kirkuk fields across the region to the Turkish port of Ceyhan.

The ministry's spokesman said in a statement on its official website that the agreement provides for the export of oil from the fields of Kirkuk to the Turkish port of Ceyhan through a pipeline that passes through the region, at a rate of 50 to 100 thousand barrels per day.

Asim Jihad added that the export and marketing of these quantities will be through the Iraqi oil marketing company "Sumo".

Iraq had announced a few days ago to resume exports of Kirkuk oil after it stopped more than a year ago amid a dispute between the central government in Baghdad and the Kurdistan region.

 

 

 

 

 

[yota691]

Iraqi deputy: Kirkuk oil exports may reach 400 thousand barrels per day

By Rudao Yesterday at 3:02

Kurdish parties negotiate with Baghdad so that the share of the Kurdistan Region of the Iraqi public budget is less than ten billion dollars, which is equivalent to 15% of the budget

Roudao - Erbil 

announced in the Finance Committee , the Council of Representatives of Iraq member to export oil of Kirkuk through the Kurdistan Region tube will be a point in favor of the Kurds in the discussion of the Iraqi budget for 2019, and it is expected that the quantity exported from the Kirkuk oil up through the pipeline to 400 thousand barrels per day. 

"The export of Kirkuk oil through the pipeline of the Kurdistan Region, a strong point in the hands of Kurdish deputies and delegations of the Kurdistan Region to Baghdad, during the discussions on the draft law of the Iraqi public budget, said the MP from the Kurdistan Islamic Union and a member of the Finance Committee of the Iraqi parliament, Jamal Kouger. For the year 2019, and will therefore have benefits for the share of Kurds from the budget, because part of the proceeds of Iraq will be under the control of the Kurdistan Region.

He explained that this measure will have political benefits for the Kurds and shows that the opinion of America from the Kurdistan Region has changed a lot, and said: "It is true that the amount of Kirkuk oil exported through the pipeline in the Kurdistan Region, ranging in the first phase between 50 and 100 thousand barrels, but this amount will rise on Stages to 400 thousand barrels per day. " 

The Kurdish parties negotiate with Baghdad so that the share of the Kurdistan Region of the Iraqi budget is less than ten billion dollars, which is equivalent to 15% of the budget. 

After a year-long suspension, as a result of the events of October 16, 2017, the Iraqi federal government agreed with the Kurdistan Region to resume the export of Kirkuk oil through the oil pipeline owned by the Kurdistan Region.

The spokesman of the Iraqi Ministry of Oil, Asim Jihad, the network Roudao media, that the Kirkuk oil exported abroad starting on Friday (November 16, 2018) through the pipeline carrier oil and ownership of the Kurdistan region, and 50-100 thousand barrels per day in the beginning. 

The export of Kirkuk oil through the pipeline of the Kurdistan Region yesterday, Friday 16 November 2018, at a time when Baghdad officials do not agree to re-share the Kurdistan Region of the Iraqi public budget to 17%. 

On the other hand, after the imposition of new US sanctions on Iran, the United States opposed the export of Kirkuk oil to Iran, and to achieve its goal supported the agreement between Erbil and Baghdad to export Kirkuk oil to Turkey through the pipeline carrying oil and owned by the Kurdistan Region.

In his latest statement, US National Security Adviser John Bolton said in a tweet at his Twitter account that resuming the export of Kirkuk oil would restore lost revenues and services to the Iraqi people and help make Iraq an independent energy state.

[6ly410]

 

[yota691]

Iraqi Kurdistan welcomes the resolution of disputes and re-export of Kirkuk oil

Pipelines for oil extracts

 19 November 2018 12:06 PM

Direct : The Kurdistan region ratified the agreement aimed at re-export of Kirkuk oil through its territory.

The spokesman of the Government of the Territory that the re-export of Kirkuk oil is a positive step and very important, pointing out that it will pave the way to resolve the differences between Baghdad and Erbil.

Sven Dzai told the Iraqi News Agency that the decision should have taken a period because of the revenue generated by the budget, but the political problems and positions of the previous government delayed that step.

Dazi said, the agreement is a first step to pave the way for further differences between Baghdad and Erbil, and a good position of the Mahdi government, and will serve the parties in the field of oil, gas, investment and border crossings.

 

[yota691]

Barzani adviser: The export of Kirkuk oil will serve the center and the region and pave the way for other agreements

10:06 - 19/11/2018

 

 

 

Erbil - Mawazan News The 
adviser to the President of the Kurdistan Regional Government Dilshad Shihab, on Monday, that the export of Kirkuk oil will benefit the federal government and the Kurdistan Regional Government, between it will pave the way for other agreements with Baghdad on oil and gas. 
"The Kirkuk oil will be exported under the supervision of Sumo National Company and talk about the return of smuggling political bidding," Shihab told Mawazine News. "This agreement will benefit Baghdad, which lost more than 5 billion dollars due to the suspension of exports for about a year." 
"Shihab said that" the export of Kirkuk oil through the port of Ceyhan will be followed by other steps similar to the interests of both parties, especially its impact on increasing the financial revenues of the federal government. "

[Synopsis]

I am wondering if this is an indirect way to suggest Article 140 provisions are being satisfied with wrinkles in the 2019 Bicraqi Iraqi Budget to be realistically ironed out in the current session before year end. Maybe more good news on Article 140 to follow.

 

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

 

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

   

[yota691]

Kurdistan seeks to increase its production of oil to 500 thousand barrels per day

12:01 - 20/11/2018

 

 

 

BAGHDAD (Reuters) - 
The Kurdistan Regional Government (KRG) is seeking to increase its oil production to 500,000 barrels per day (bpd). While an oil expert said that raising production will contribute to the budget of Iraq by 8 billion dollars. 
The Kurdish oil expert, Khaled Haidar, told Mawazine News that "the export of Kirkuk oil will be 100 thousand barrels at the moment." 
"In the past, Kirkuk was exporting about 400 thousand barrels per day, but is now working after the agreement between the federal government and the provincial government to raise the production ceiling to reach in the next few months to 500 thousand barrels per day." 
"The re-export of Kirkuk oil will add about 8 billion dollars lost by Iraq last year as a result of stopping the export of oil, and this will contribute to the recovery of the Iraqi economy and the recovery of the economy of the region."
The oil expert pointed out that "the region will also benefit through the operation of manpower from protectors, engineers and workers interested in oil transmission lines through the port of Ceyhan passing through the territory of the region."

[yota691]

Kurdish leader: the resumption of export of Kirkuk oil across the region provides funds for the budget .. Abdul Mahdi does not have the decision

07:52 - 20/11/2018

 

 

 

" 
The resumption of the export of Kirkuk oil through the pipelines of the Kurdistan region will provide funds to the federal budget, while noting that the decision to correct the course of relations between Baghdad and Erbil is not in the hands of Prime Minister Adel Abdul Mahdi," the leader of the Kurdistan Democratic Party, Abdul Salam Barwari, said Tuesday. 
"The previous government when Adel Abdul Mahdi, the oil minister, had signed an agreement to export Kirkuk oil, compared to the proportion of the region in the budget, but then the pipelines in the region did not bear the quantities contained in the agreement," Berwari said in an interview with Mawazine News. 
"After that, the referendum was held and the export of Kirkuk oil through the fields of the province was concluded and an agreement was reached with Iran for export by means of the pelvic cars, which was an agreement for the entry of the military forces into Kirkuk," he added.
He added that "the export of oil to Iran, there is no commercial or economic benefit," noting that "the resumption of oil exports across the region will provide 270 million dollars per month to the federal budget and thus can be used to provide services to the people." 
He pointed out that "Abdul Mahdi is known as a friend of the Kurds, but the decision to correct the course of relations between Baghdad and Erbil is not in his hand alone, but the political blocs that control the decision in the House of Representatives." 
He said, "Abdul Mahdi does not have an influential political bloc in the House of Representatives and owns the majority and any parliamentary decisions on relations will be in accordance with the approval of the blocks."

[dinareffic]

Oil agreements" .. A new convergence between Baghdad and Erbil




November 20, 2018 - 14:53    

 

The adviser to the President of the Kurdistan Regional Government, Dilshad Shihab, said the region paves the way for agreements with the central government of Baghdad for oil and gas, noting that the oil of the province of Kirkuk will be exported under the supervision of Sumo National Company.

 

In a statement, Shihab said that "the export of Kirkuk oil will benefit the federal government and the Kurdistan Regional Government," noting that "it will pave the way for other agreements with Baghdad on oil and gas."

 

"Kirkuk oil will be exported under the supervision of the national company Sumo and talk about the return of smuggling political bidding."

 

"The export of Kirkuk oil through the port of Ceyhan will be followed by other steps similar to the interests of both parties, especially its impact on increasing the financial revenues of the federal government.

 
 

[rtl]http://sumer.news/ar/news/30676/اتفاقات-نفطية-تقارب-جديد-بين-بغداد-واربيل

[keylime]

Another positive. 

[yusofsabri]

HCL done.

[bostonangler]

Nice...

 

B/A

[yota691]

Al Halfaya field enters the final stage of development with a capacity of 200 thousand b / d

Date of release: 2018/11/22 10:46 • 127 times read

[Ayna-Baghdad] 
The Missan Oil Company announced on Thursday that it is opening the third oil processing complex, which is the largest oil complexes, which will contribute to increase its oil production by 200 thousand barrels per day in the field of the return of the company.

"This project represents the last stage of the development of the Al-Halafiya field and was referred to the Chinese company [cpecc] and started in April 2017," said Adnan Nushi, general manager of the company. The achievement is more than 96 percent. " 
He pointed out that "the Maysan oil cadres and Petrojina Chinese company, the main investor of the field of Halafaya oversaw the operations of the completion of this complex." 
"The project includes the installation and operation of 4 treatment banks with a capacity of 50 thousand barrels per day per bank. Each bank consists of a number of gas isolators, salt and electrolyte isolates, a number of heat exchangers, electric and hydraulic valves, gas compressors and accessories. 200 thousand barrels per day, which connects the wells to the banks of the four complex. "
"The project also includes the construction of four large reservoirs with a capacity of 30 thousand barrels, 11 different storage tanks, six main conveyor lines and the installation of a 150 megawatt electric power plant to operate the project in addition to installing a high-precision electronic control system to control the production and processing processes and the oil level in the tanks "He said. 
It is worth mentioning that the field of Halafaya one of the fields of the Missan Oil Company has witnessed the implementation of unprecedented development since 2010 after the transfer to the Chinese company Petrojina in the second rounds of licenses to reach the production of 400 thousand barrels per day and large quantities of gas, which is hoped to be treated and benefit through the gas processing project To produce a 300 million cubic feet standard [vaulted] that is under assignment to the execution companies.

[yota691]

Iraq doubles the export of Kirkuk oil to Turkey through the Kurdistan Region

 

 Twilight News    
 one hour ago

The North Oil Company (NOC) has increased its export capacity from crude oil through the Kurdistan Region pipeline to the Turkish port of Ceyhan by 100,000 bpd, an Iraqi oil official said on Friday.

The official, who asked not to be named, said that "the rates of export of crude oil from the fields of Kirkuk North to the Turkish port of Ceyhan, rose to 100 thousand barrels per day, through the pipeline, after last week's pipeline of about 50 thousand barrels per day."

Last week, Iraq resumed the pumping of crude oil from the northern Kirkuk fields through the Kurdistan pipeline to the Turkish port of Ceyhan, at a rate of 50 thousand barrels per day, after a halt of more than a year due to political dispute between the federal government and the Kurdistan Regional Government.

Iraq's exports of crude oil from the south of the country have stabilized through the port of Basra in the north of the Gulf at a rate of 3 million and 500 thousand barrels per day.

Keywords: 

[yota691]

High rates of oil exports from Kirkuk fields to Ceyhan

04:53 - 23/11/2018

 

 

 

 

Baghdad - Mawazine News

A source at the North Oil Company, Friday, the high rates of export of crude oil from the fields of Kirkuk to the Turkish port of Ceyhan across the line extending through the Kurdistan region of Iraq.

The source told Mawazine News that "the aid reached 100,000 barrels per day." 
"Export rates have risen today to 100,000 barrels, since last week it was 50,000 since the pumping resumed after a halt of more than a year," he said. Finished 29 / d

[dinarbeleiver]

https://www.sotaliraq.com/2018/11/25/الجيل-الجديد-يدعو-الحكومة-لإعلان-تفاص/

POSTED ON 2018-11-25 BY SOTALIRAQ
The new generation calls on the government to announce the details of its agreement with Erbil on the export of Kirkuk oil
The parliamentary bloc "New Generation" on Saturday (24 November 2018) called on the federal government to announce details of its agreement with Erbil on the export of Kirkuk oil to the House of Representatives .

The bloc said in a statement today, November 24, 2018, that "there is a set of crises and problems accumulated between Baghdad and Erbil, and violated more than a constitutional article by both parties, and the federal government to resolve its problems with the territorial government in accordance with a comprehensive and transparent agreement based on the Constitution" .

She added that "the federal government to announce the content of the recent agreement on the export of Kirkuk oil before the House of Representatives and prevent the exploitation of oil revenues in ways contrary to the law in favor of certain parties."

All undeclared agreements must be canceled for the export and sale of oil whose imports go to the interests of political parties and families.

It also demanded the return of all financial dues from the petro-dollar to the province of Kirkuk and the end of conflicts and disputes between the parties, which negatively affected the life of the citizen.

88% D9% 82% D8% B9% 20% D8% B9% D8% B1% D8% A8% D9% 8A / 46511374_182230529395419_3341654057172336640_n.jpg

 

 

[yota691]

Kirkuk doubled the export of its oil to Turkey across the region

 

A field in the province of Kirkuk

energy Economy News Baghdad An official in the Iraqi oil sector that the North Oil Company, raised its export capacity of crude oil through the pipeline in the Kurdistan region, to the Turkish port of Ceyhan, an average of 100 thousand barrels per day. The official, who preferred not to be named, said «the rates of export of crude oil from the fields of northern Kirkuk to the Turkish port of Ceyhan, rose to 100 thousand barrels per day, through the pipeline, after the Kurdistan last week of about 50 thousand barrels per day». Last week, Iraq began resuming the pumping of crude oil from Kirkuk's northern fields through the Kurdistan pipeline to the Turkish port of Ceyhan at a rate of 50 thousand barrels per day after a halt of more than a year due to the political dispute between the federal government and the Kurdistan Regional Government. Last Friday, it resumed exports of oil. This comes after the new government in Baghdad agreed to an interim agreement with Erbil. This development is helping to address the shortage of Iranian crude in the region after Washington imposed new sanctions on Tehran. Sources in the sector said the inflows resumed at an average level of 50-60,000 bpd compared with peak levels of 300,000 barrels per day in some 2017 months, but it is unclear when and to what extent these supplies will increase. Oil Ministry spokesman Assem Jihad confirmed the resumption of oil exports, adding that an agreement had been reached to resume flows at 50-100 thousand barrels per day. Jihad said the resumption of Kirkuk shipments between 50-100 thousand barrels per day will not enhance the total exports of Iraq, adding that the ministry will cover the needs of some refineries in the north of the country from the oil fields in the south. Jihad said that the ministry will create a balance, meaning that the shipments of Kirkuk, which was feeding some of the refineries in the north will be compensated from the south. The agreement shows that new Prime Minister Adel Abdul Mahdi and Oil Minister Thamer Ghadhban are ready to work with Erbil despite previous tensions and the independence referendum, which failed to achieve its goal in September 2017. The suspension of exports from Kirkuk in October 2017 stopped the flow of about 300,000 barrels per day from Iraq towards Turkey and international markets, causing a net loss of revenues of about $ 8 billion in the last year. Most of Iraq's exports come from the fields of the south, but Kirkuk is among the largest oil fields and the oldest in the Middle East, estimated recoverable oil reserves there about 9 billion barrels. Exports have been suspended since the federal government regained control of Kirkuk from the province of Kurdistan in 2017. The Kurds took control of Kirkuk and its oil fields after the withdrawal of the army from them in 2014 in a confrontational confrontation. Views 215   Date Added 11/25/2018

[yota691]

Iraq's oil exports rise 0.96% during last October

03:07 - 26/11/2018

 

 

 

BAGHDAD - 
Iraq's exports of crude oil rose last October to 107.821 million barrels, with revenues of 7.908 billion dollars, according to the final statistics of the Iraqi oil marketing company "Sumo". 
Iraq's exports of crude oil amounted to 106.795 million barrels, with revenues of 7.92 billion dollars last September. 
The spokesman for the Iraqi Oil Ministry, the average price per barrel amounted to 73,348 dollars, and that compared to the price at the end of September of $ 74.159 a barrel. 
Asim Jihad said in a statement to the ministry on Monday that the exported quantities were loaded by 36 international companies, from the ports of Basra and Khor al-Amaya, and the single buoys on the Gulf.
Jihad added that the quantities of oil exported from the oil fields in central and southern Iraq amounted to 107.53 million barrels, revenues close to 8 billion dollars, and the quantities of crude oil exported through the North Oil Company 291.25 thousand barrels, revenue of 10.34 million dollars.