News list for " Iraq"
Iraqi Ministry of Foreign Affairs: Iraq and Turkmenistan sign a memorandum of understanding on gas import cooperation.
The head of Iraq's national oil marketing organization SOMO: The agreement to export oil from oil fields in the Kurdistan region will be officially implemented on Saturday.
Chairperson of the Energy Committee of the Iraqi Parliament: Due to the technical failure of power transmission lines, there is a nationwide power outage in Iraq, except in the Kurdistan region.
Market news: Iraq says Iranian gas imports have fallen by half in the past few hours.
According to the survey, OPEC crude oil production rose to its highest level in more than a year, driven by increased production in Iraq, Venezuela and the United Arab Emirates.
Iraq will export 185,000 barrels of oil per day from fields in the Kurdish region through the Iraq-Turkey pipeline and gradually increase it to 400,000 barrels per day once oil delivery resumes, Deputy Oil Minister Basm Mohammed said on Sunday. Basm revealed no specific timetable but expected Turkey to respond within 24 hours. Basm said the Kurdistan region's oilfields have a capacity of 300,000 barrels per day, some of which will be used domestically, and the remaining 185,000 barrels per day w...
Market news: Iraqi officials say there are reports that Iraq will face U.S. sanctions if oil exports from the Kurdish region are not resumed, which Iraq denies.
The US government has demanded that Iraq resume oil exports from the Kurdish region as soon as possible or face sanctions along with Iran.
Iraq's national oil marketing organization SOMO: Iraq will sell Basra Intermediate crude oil to Asia in January next year at an official price of $0.60/barrel below the average price in Oman/Dubai.
SOMO, Iraq's national oil marketing organization, set the official price of Basra intermediate crude oil sold to North and South America in December at a discount of $1.10 per barrel to Argus sour crude oil.
