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Al-Ghubban: We have contingency plans and Turkey has asked to buy more Iraqi oil

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Al-Ghubban: We have contingency plans and Turkey has asked to buy more Iraqi oil
(Baghdad: Al-Furat News) Deputy Prime Minister for Energy and Oil Minister Thamer Abbas Ghadhban revealed Turkey's request to increase the purchase of crude oil from Iraq.
Al-Ghadhban said that Iraq has contingency plans in anticipation of any interruption in Iranian gas imports to the country's electricity grid, but he hopes there will be no disruption.
He added that the next meeting of the OPEC Ministerial Control Committee in Saudi Arabia would assess the commitment of Member States to current production cuts, and that current oil prices and markets are stable.
Ghadban told reporters in Baghdad that Turkey had asked Iraq to buy more of its crude.
He added that the international oil companies are working normally and reassured that oil fields in the north and south of the country safe and secure in light of the escalation of regional tensions between the United States and Iran.
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Oil: We have taken precautionary measures in the event of any emergency on the US and Iran
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Oil: We have taken precautionary measures in the event of any emergency on the US and Iran

http://www.nahrainnews.net/content.php?id=23411

We have taken precautionary measures in the event of any emergency on the United States and Iran," Oil Minister Thamir al-Ghadhban said on Thursday. "We have a plan," he told a number of media outlets. To extend a new pipeline from Kirkuk to Turkey is equivalent to the old pipeline, "adding that" Turkey expressed a desire to increase the importer of crude oil. "

 
Views Date Added 16/05/2019 Content number 23411
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Oil renews its commitment to OPEC decisions to maintain export rate
Thursday, May 16

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http://alsabaah.iq/8851/النفط-تجدد-التزامها-بقرارات-أوبك-للحفاظ-على-معدل-التصدير
 

Oil renews its commitment to OPEC decisions to maintain export rate
Basrah / Saad Al Sammak
 
 
The Undersecretary of the Ministry of Oil, Fayadh Hassan al-Nu'ma, reiterated Iraq's commitment to OPEC's decisions to reduce crude oil production, adding that the commitment of members strengthens the unity and strength of the Organization and achieves the balance and stability required for the world oil markets.
"The export rate of Iraq has stabilized at 4 million and 400 thousand barrels per day, including the quantities produced from the fields of Kirkuk and Kurdistan," he said in an interview with Al-Sabah after he met with the Basra Oil Company, adding that stability would give more confidence in Iraq's policy.
The ministry plans to increase oil production and export capacity in the coming years with a focus on the southern fields, adding that the increase coincides with the conclusion of an agreement with international companies to invest in the South Integrated Project, aimed at developing fields and infrastructure of oil fields and development of export facilities.
The senior agent of the ministry pointed out to the cabinet's vote last week on the integrated southern Iraq project and briefed him on the ongoing negotiations between the Ministry of Oil and ExxonMobil and PetroJaina on this project, noting that the briefing of the cabinet gave the ministry the green light to continue negotiations and signing the preliminary principles of international investment soon. .
However, the blessing that the terms of the agreement is still in the discussion, especially on some commercial matters of sharing the final profits, pointing out that Iraq is not obliged to sign contracts when no agreement with the companies mentioned and look for another international alternative at the same level.
On the impact of international tensions on Iraq's aspirations to invest in the joint fields, said the blessing: the ministry is moving forward to closer economic relations with neighboring countries, stressing the ministry's efforts to accelerate the pace of its plans to sign agreements to invest in the common fields.
On the challenges facing Iraq in the case of closing the Strait of Hormuz, the senior Undersecretary of the Ministry of Oil, said that any country avoids closing its impact on the world's economies, and while expressing the hope not to close the strait, he pointed to the existence of some alternatives to market oil.
For his part, said the Director General of the Basra Oil Company Ihsan Abdul-Jabbar: The rate of export capacity of crude oil amounted to 3 million and 550 thousand barrels per day through the ports of Basra while maintaining the ceiling of production of Basra as it is at the rate of three million barrels per day to improve oil prices in the market and maintain On the economies of producing countries.

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Iraqi oil minister: Karbala refinery will start production in 2022

 
51 minutes ago

Iraqi oil minister: Karbala refinery will start production in 2022
Construction on the Karbala refinery commenced in 2016. (Photo: Archive)

 

ERBIL (Kurdistan 24) – Thamer al-Ghadhban, Iraq's oil minister, said on Thursday that a new refinery in the southern city of Karbala will begin operations in 2022 and will have a production capacity of 150,000 barrels per day (bpd). 

Ghadhban made the comments while speaking to journalists in Baghdad and gave no further details, as reported by Reuters. 

In 2014, Iraq awarded a $6.04 billion contract to a consortium from South Korea led by Hyundai Engineering and Construction to build the facility. Workers started on the project in 2016. 

The oil minister said in mid-April that the Iraqi government would build another refinery, also with a planned production of 150,000 bpd, in the disputed province of Kirkuk. 

In separate remarks made on Thursday, Ghadhban claimed that Iraq has contingency plans for any interruption to its Iranian gas imports, but hopes no such disruption would take place in the future. 

Edited by 6ly410
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Signing an investment contract for the development of Kirkuk refinery
Friday 17 May

http://alsabaah.iq/8920/توقيع-عقد-استثماري-لتطوير-مصفى-كركوك
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Signing an investment contract for the development of Kirkuk refinery
Kirkuk / Consciousness
Deputy Prime Minister for Energy and Minister of Oil Thamer Al-Ghadan, said that the investment contract for the development of Kirkuk refinery, which was concluded by the Ministry of Oil will provide large quantities of improved gasoline and 160 tons of gas Liquid.
Al-Ghadhban said during his attendance at the signing ceremony of the contract: "The ministry is keen to accelerate projects to promote the liquidation sector to cover the local need and develop and improve the oil products and upgrading to the approved international standards and proceed with the upgrading of Iraqi refineries and increase production capacity through the addition of new units for the current refineries and the establishment of new refineries and technology "This contract will provide large quantities of improved gasoline (95) Oqain covering a large part of the need of Kirkuk and the provinces
Neighboring".
For his part, Undersecretary for Liquidation Affairs Hamid Yunus said: "The value of the investment contract concluded between the North Refinery Company and Al-Barham Company amounted to (400) million dollars and the period of implementation is 24 months." He pointed out that "this project comes within the Ministry's plan to encourage investment To contribute to the development and promotion of the liquidation sector. "

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 energy


Economy News Baghdad

The head of the South Oil Company Ihsan Abdul-Jabbar, Iraq's oil exports from southern ports amounted to 3.5 million barrels per day of crude oil until Saturday.

Abdul-Jabbar told Reuters that Exxon Mobil's decision to evacuate its foreign employees from the West Qurna 1 oilfield is a precautionary measure.

The head of the South Oil Company, that the field is still operating at full capacity and produces 440 thousand barrels per day.

The Ministry of Oil confirmed on 15 May, there is no evacuation or departure of staff at the US company Exxon Mobil to work sites or land in Iraq.


Views 24   Date Added 05/19/2019

 
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 energy


Economy News _ Baghdad

The US Energy Administration (EIA) said that Iraq ranked sixth among the oil producing countries with the highest rate of oil production during 2018. 
According to a recently published statistic, and viewed by "Economy News" that "Iraq ranked sixth in the world with the highest rate of oil production During 2018 ".

He added that "the United States was the first in the world with the largest oil production rate of 17 million and 885 thousand barrels per day, followed by Saudi Arabia by 12 million and 419 thousand barrels per day, followed by Russia by 11 million and 401 thousand barrels per day, followed by Canada and by 5 million and 295 thousand barrels per day, And by 4 million and 816 thousand barrels per day. "

The report pointed out that "Iraq ranked sixth in the highest rate of oil production, where it reached 4 million and 616 thousand barrels per day, followed by Iran and by 4 million and 471 thousand barrels per day."

"Iraq is ranking one in 2018 after it was seventh after Iran in 2017," the report said.

Iraq is the second largest producer and exporter of crude oil within the Organization of the Petroleum Exporting Countries and the world's fifth largest crude oil reserves. 


Views 7   Date Added 21/05/2019

 
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2019/05/21 20:11
  • Number of readings 473
  •  Iraq
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Iraq is preparing to export gas to the world market for the first time in its history

The world's largest energy company, Rystad , said on Tuesday (May 21st, 2019) that Iraq could start exporting gas to the world market in 2022, noting that its production will reach 3 billion cubic feet per day.

"The company sees gas as the clear and most likely candidate in the region for the next four years," said analyst RidstadAditya Saraswat.

He added that "new developments are on the way to double the production of gas in Iraq to three times, from one billion cubic feet per day in 2017 to reach about three billion cubic feet in 2022."

"This will allow the country to meet growing domestic demand for gas and perhaps even introduce Iraq into the world market as a source of gas for the first time," he said.

 

Follow the obelisk 

http://almasalah.com/ar/news/171473/العراق-يستعد-لتصدير-الغاز-إلى-السوق-العالمية-لأول-مرة-بتاريخه

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Baghdad Post Wednesday, 22 May 2019 11:58 p

 

Expert: Iraq does not have an outlet to export its oil if war breaks out

18

 

Oil expert Hamza al- Jawahery said that Iraq, in the event of a war between the United States and Iran, has no control over the export of oil through them, pointing out that more than 90% of the oil exports are through the Gulf. 

Al-Jawahri said in a press statement: "Iraq exports more than 3 million and 600 thousand barrels of oil per day through the waters of the Gulf, more than 90% of its exports." 

"The outbreak of war between the United States and Iran will make Iraq stop its exports across the Gulf and rely on its other competitor to deliver its oil exports to its countries," he said. 

The jeweler: "Iraq has two ports for the export of oil in the event of stopping oil exportsAcross the Gulf, where he can export through Kurdistan and increase exports to more than 1.25 million barrels, or export via tankers. " 
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Oil announces final statistics on exports and revenues during April

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EconomyOil MinistrySOMOKirkuk ,Basra ,Khor al - Amayaport of CeyhanGulf

 2019/05/25 03:58:32

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The Ministry of Oil announced the total oil exports and revenues for the month of April, according to final statistics issued by the Iraqi Oil Marketing Company (SOMO).

The ministry said in a statement to the twilight news that "the amount of crude oil (103) million and (988) thousand and (607) barrels, revenues amounted to (7) billion and (20) million and (667) thousand dollars."

"The quantities exported from the Kirkuk oil through the port of Ceyhan were (2) million and (570) thousand barrels, with revenues amounted to (173) million and (513) thousand and (13) dollars, while the amount of exports from the field Qayara (783) And (598) barrel revenues amounted to (27) million and (251) thousand and (971) dollars. "

The average price of a barrel was 67,514 dollars, noting that the exported quantities were loaded by (37) international companies of different nationalities, from the ports of Basra and Khor al-Amaya and monsoons on the Gulf and the Turkish port of Ceyhan.

https://www.shafaaq.com/ar/اقتصـاد/النفط-تعلن-احصائية-نهائية-للصادرات-والإيرادات-خلال-شهر-نيسان/

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Spokesman for the Ministry of Oil Assem Jihad "Internet"
  

 energy


Economy News Baghdad:

The Ministry of Oil announced on Saturday the export of more than 103 million barrels of oil during the month of April, pointing to revenues of 6.8 billion dollars.

The ministry spokesman Asim Jihad said in a statement received by "Economy News", "The total quantities exported crude oil for the month of April from the oil fields in central and southern Iraq amounted to 100 million and 635 thousand and 9 barrels, with revenues amounted to 6 billion and 819 million and 902 thousand dollars, .

He added that "the quantities exported from the Kirkuk oil through the port of Ceyhan was 2 million and 570 thousand barrels, with revenues amounted to 173 million and 513 thousand and 13 dollars, while the amount of exports of the field Qayyarah 783 thousand and 598 barrels with revenues of 27 million and 251 thousand and 971 dollars."

Jihad pointed out that "the average price per barrel amounted to (67,514) dollars," explaining that "the exported quantities were loaded by 37 international companies of different nationalities, from the ports of Basra and Khor al-Amiyah and the unilateral buoys on the Gulf and the Turkish port of Ceyhan."


Views 51   Date Added 05/25/2019

 
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 energy


Economy News _ Baghdad

The Iraqi oil marketing company "Sumo" on Sunday, that the Indian oil companies were the most purchased for Iraqi oil during the month of April.

The "Sumo" in official statistics published on its official website and viewed by "Economy News", that "the Indian companies were the most numerous among the other international companies to buy Iraqi oil and by 8 companies each of the 37 companies that bought oil during the month of April, .

"Chinese companies came second with 6 companies, followed by US companies and 4 companies," Sumo said. "The rest were distributed to British, Italian, Turkish, Malaysian, Spanish, Russian, Greek, Japanese, Egyptian and Portuguese 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.


Number of Views 11   Date Added 26/05/2019

 
 
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Al-Ghadhban: Production of the Basra Oil Company exceeded 3 million 600 thousand barrels per day

Economy | 12:12 - 26/05/2019

 
image
 
 

BAGHDAD (Reuters) - 
Oil Minister Thamir al-Ghadhban announced on Sunday that production of the Basra oil company exceeded 3 million 600,000 bpd. 
"The production of the Basra Oil Company exceeded 3 million and 600 thousand barrels per day," he said, adding that "the company manages the export process efficiently." 
He added that "the company is working on exporting its oil as well as the quantities of oil, which is Qar, Maysan and Wasit for global markets through the companies concerned in the ministry," pointing out that "the process of managing oil ports within the functions of the Basra Oil Company as well as work with oil companies in the rounds of licenses Making their responsibilities significant in challenging the tasks assigned to them. "

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Date of release: 2019/5/26 18:42 • 534 times read
By name .. the countries most purchased for Iraqi oil
The National Oil Marketing Company (SOMO) announced that the Indian oil companies were the most buying Iraqi oil during the month of April.
"The Indian companies were the most numerous among the other international companies in the purchase of oil and the 8 companies, each of the 37 companies, bought the quantities of oil," Sumo said in official statistics published on its official website. 
"The Chinese companies came in second place with 6 companies, followed by American companies and 4 companies." The rest were distributed among companies including European and Asian as well as a number of Arab companies. 
The Ministry of Oil in Iraq, put the end of 2018 marketing mechanisms for the year 2019, which was adopted on the basis of the importance of each market in terms of demand volume and revenue per barrel.

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 energy


Economy News _ Baghdad

The Speaker of the Parliament, Mohamed Halboussi, on Monday, discussed with Oil Minister Thamer Ghadhban increase the ports of oil exports to Iraq. 
"The Speaker of the House of Representatives Mohammed Al Halbusi received Deputy Prime Minister for Energy and Minister of Oil Thamer Ghadhban," the Information Office of Halaboussi said in a statement received by "Economy News" copy of it. 
The statement added that "the meeting discussed the need to develop and improve the oil sector and increase Iraq's natural gas production capacity; because of the great economic importance of the state." 
He pointed out that "the emphasis was placed on the employment of Iraqi cadres in the oil sectors and training, and increase the ports of oil exports to Iraq."


Views 39   Date Added 05/27/2019

 
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The Speaker of the House of Representatives receives the Minister of Oil

Speaker of the House of Representatives Mohamed Halboussi received Deputy Prime Minister for Energy and Minister of Oil Thamer Ghadhban.

The meeting discussed the need to develop the oil sector and improve it and increase Iraq's natural gas production capacity. It represents the great economic importance of the state, stressing the operation of Iraqi manpower in the oil sectors and training them and increasing the ports of oil exports to Iraq.

======== 
Information Office 
of the President of the House of Representatives , 
May 27 , 2019

http://ar.parliament.iq/2019/05/27/رئيس-مجلس-النواب-يستقبل-وزير-النفط/

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2 minutes ago, Butifldrm said:

Good Morning nannab.  Happy Memorial Day to you and All of DV!

Thanks Butifidrm and same to you.  

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Next week .. An oil company working in the fields of Mosul

 
Baghdad / Shorouq Maher
 
 
It is hoped that an oil company will start its work in the fields of Mosul next week, as agreed under licensing rounds.
The governor of Nineveh, Mansour al-Muradaid, told Al-Sabah: "The company, which has been referred to the oil field of Najma and Al-Qayara, will start work next week under licensing rounds from the Ministry of Oil and continue with its plan to build the Qayara investment refinery with a capacity of 150,000 barrels." 
"Building this refinery will create a lot of job opportunities inside the city of Mosul," he said.
In another matter, the head of the provincial council for "morning" that "engineering and technical cadres and in cooperation with representatives of the Central Bank of Iraq and the local government opened a branch of Rafidain Bank in the area of Rabia to provide banking services to residents of the region."
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27-05-2019 12:22 PM
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Baghdad

Speaker of the House of Representatives Mohamed Halabousi discussed on Monday the increase of Iraqi natural gas production capacity during his meeting with Minister of Oil Thamer Ghadhban.

"The meeting discussed the need to develop and improve the oil sector and increase Iraq's natural gas production capacity because of its great economic importance to the state," Halaboussi's office said in a statement received by Al-Akhbar.

He added that "it was stressed the operation of manpower from Iraqi cadres in the oil sectors and training, and increase the ports of oil exports to Iraq."

 
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Oil factor
  

 energy


Economy News Baghdad

Al-Iktissad News received special documents relating to the oil sector in Iraq.

The documents confirm that the cost of producing a barrel of oil in Iraq for 2019 estimated at 9.5 dollars, the lowest in the world after Kuwait.

The cost of production was estimated at $ 10.7 in 2017.

With regard to «service contracts for licensing rounds», the documents indicate that the profitability wages of companies engaged for each additional barrel product ranging from $ 1.15 to $ 7.5.


Views 66   Date Added 29/05/2019

 
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17 minutes ago, yota691 said:
 
11032.jpg
Oil factor
  

 energy


Economy News Baghdad

Al-Iktissad News received special documents relating to the oil sector in Iraq.

The documents confirm that the cost of producing a barrel of oil in Iraq for 2019 estimated at 9.5 dollars, the lowest in the world after Kuwait.

The cost of production was estimated at $ 10.7 in 2017.

With regard to «service contracts for licensing rounds», the documents indicate that the profitability wages of companies engaged for each additional barrel product ranging from $ 1.15 to $ 7.5.


Views 66   Date Added 29/05/2019

 

And yet their selling Basra light at 

 

Basra Light 70.10

 

https://oilprice.com/oil-price-charts

 

And GM Master Yota and all of DV. 

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