Output still exceeds demand
Iraq's northern pipeline to Ceyhan has however, not exported oil for the fifth month in a row according to a recent Reuters article.
The push for more production comes despite a roughly 40 percent fall in oil prices over the past year.
The KRG exported 18,656,131 barrels of crude oil
Under a new agreement announced February 1, 2016, Norwegian oil and gas operator, DNO ASA, received 21.45 m from Kurdistan Regional Government
'Iraq approves the development of a 750 MW solar power plant in Muthanna. Meanwhile, the Oil Ministry aims for 6 million bpd production by the end of 2027.'
'Iraq moves crude supplies from its core customer base in Asia to refineries in Europe.'
'Iraq's 2022 revenue is expected to surpass 150 billion US dollars.'
'OPEC was unable to boost oil output in April due to capacity issues.'
'Iraq's federal oil exports rose to 4.2 percent month on month in April, amounting to 3.38 million bpd.'
'Iranian Oil Minister stresses the importance of collaborating with Iraq, especially in the gas sector.'
'The Al Nasiriyah International Airport is the first project to be launched under the Iraq-China oil for projects agreement.'
'Iraq reiterates its commitment to the OPEC+ decision to increase output. Meanwhile, Iraq keeps its position in the Indian market even as Russian oil imports rise.'
'Iraq has exported a hundred million barrels of oil worth $11.07 billion, the highest since 1972.'
'An agreement has been struck between Iraq and Jordan to extend the MOU in which Jordan imports Kirkuk crude.'
'A day after a UAE envoy suggested that the OPEC+ should increase output, the UAE reaffirms its support to the alliance's agreements.'
'OPEC's second-largest producer denies the need for further oil output, stating that their crude exports are in pace with global consumption.'
'Iraqi oil grows in demand as China, India, and Europe seek alternatives to Russian crude.'
'Iraqi oil exports fell 2% in January compared to December despite a higher OPEC+ quota.'
'Once the Khor al-Amaya terminal re-opens and local refiners' demands are met, SOMO may sell some spot cargoes for Basrah Light this year.'
'High oil demand urges Iraq to already plan for shipments in March, with January daily exports reaching 3.2 million bpd and increasing to 3.3 million in February.'
'Iraqi oil exports will remain stable this month and are expected to increase in February.'
'To meet its enhanced refining capacity, HPCL will procure 45% more oil from Iraq this year, about 3.2 million tons.'
'Iraq will now be able to boost exports by up to 250,000 bpd after finalizing its pumping stations at its Gulf ports.'
'Iraq exported 101.58 million barrels in December, raking in over $7 billion in profits.'
'Iraqi crude exports, excluding flows from Kurdistan, increased marginally In December despite a higher OPEC+ quota.'
'Iraq's exports rose to 3.278 million barrels per day which is marginally higher from 3.232 million barrels per day average in June'
'Iraq exported 90.46 million barrels of crude oil in July accumulating $6.51 billion in revenues'
'Iraqi oil exports drops in June but revenues continued to increase due to higher prices'
'Nigeria's supply of 80,000 bpd produced highest bypassing their OPEC quota. Supplementing the remainder of the increase is Iraq’s production of 60,000 bpd.
'In an effort to boost output capacity, Iraq has also invited IOC’s to explore and develop proven natural gas reserves in nine blocks.
'Payments sign of ‘business as usual’ despite threat of sanctions '
'“We’re seeing a market shift as stockpiles begin to clear, and there will be more demand,” an Energy Aspects analyst said'
'The Kirkuk Ceyhan pipeline crosses territory taken by Islamic State militants in 2014 and recaptured by U.S.-backed Iraqi forces over the past two years. '
'Russia's Lukoil will provide training and support to its Iraqi counterparts. '
'Head of South Oil Company, Hayan Abdulghani Abdulzahra recently stated this in an interview'
'Average selling price of $39.248 per barrel.'
'Prime Minister al-Abadi announced Iraq would be exporting oil via Ceyhan port in Turkey without explanation. '
'Iraq production will increase to 3.257 million bpd of Basra crude in September.
'The total invoiced amount for June is USD 38.41 million'
'A Reuters survey reported that OPEC’s (Organization of the Petroleum Exporting Countries) crude oil production rose by 100,000 bpd'
'Output at the Luhais field, operated by state-run South Oil Company, increased by 10,000 bpd to 90,000 bpd in July, according to a company official.
'Exxon and Petrochina have put previous plans to develop Artawi and Nahran Omar oil fields on hold'
'This will be the third shipment of liquified gas for Iraq. '
'The Saudis losing their dominance in the Indian market is a result of Saudi Armco raising crude prices over the last four months
'Iran and Indonesia, fellow OPEC members have signed a memorandum of understanding (MOU)'
'South Oil Company cites declines were due to pipeline disruptions '
'Gulf Keystone Petroleum, announced it has only received partial payment from the Kurdistan Regional Government (KRG), for exported oil. '
'With Iraq “actively repaying” international oil and gas operators..'
'Iraq's total oil output has reached 4.7 million barrels per day (bpd) and exports are running at a record 3.9 million bpd'
'This incorporates USD18.8 million towards contractor monthly entitlement and USD3.7 million for previous sales made from the field'
'Out of the four fields, Saba (expected to produce 30,000 bpd )and al-Amoud are not operational and Garraf and Nasiriyah produce 170,000 bpd and will be 200,000 bpd by the end of the year. '
'In accordance with the expected 5,000 bpd from Sargala-1 well, monthly payments will also be made within the first 10 working days of the next month.
'Mr. Salih wants also to notify the media and the people whom are interested with the oil to distinguish between the gas condensed liquids'
CONSORTIUM BIDS FOR RE-ROUTED IRAQ-JORDAN OIL EXPORT PIPELINE: SOURCE'
'Output still exceeds demand '
'Pertamina would require 290,000 barrels each month form a stake in West Qurna block and an additional 700,000 barrels from various Iraqi oilfields.
'The Iraqi Government will be revising licensing contracts signed by the Ministry of Oil between 2009 and 2010 when Nouri al-Maliki was prime minister'
The three-week outage of Iraqi Kurdistan's pipeline which carries oil to the Mediterranean port of Ceyhan could likely open soon.'
'Similar pipeline disruptions in Nigeria with a spill and maintenance in the UAE also affected oil output.
'Iraq's northern pipeline to Ceyhan has however, not exported oil for the fifth month in a row according to a recent Reuters article. '
'Iraq is Opec's second largest oil producer, according to the International Energy Agency.
The push for more production comes despite a roughly 40 percent fall in oil prices over the past year.'
'Under a new agreement announced February 1, 2016, Norwegian oil and gas operator, DNO ASA, received 21.45 m from Kurdistan Regional Government '
'The KRG exported 18,656,131 barrels of crude oil'
'Payments will be subject to full reconciliation with the terms of the production sharing contract in due course.
'KRG will also provide companies with a 5% 'netback revenue' from each oil field to assist producers in recovering money owed to them. '
'Daily average of exportation is (3.285) million barrels per day.'
'Adel Abdul Mahdi has agreed to allow any decision by OPEC and non-OPEC members when considering a cut in crude production.'
'Missan Oil Company disclosed its ambitions to reach one million barrels daily by the beginning of 2017'
' The Iraqi ministry of oil announced final oil exports for December 2015, which was (99.700) million barrels.'
'The southern region of Iraq produces the most oil for the country and most of the 3.215 million bpd is from this region. '
'December official exports were 99.65 million barrels of oil per day'
'Generating just under $50 billion'
'Exports of 3.365 million barrels per day generating over $3.67 billion dollars'
'Saudi Arabia are considering proposing a cut in production for OPEC members by 1 million barrels per day'
'Output is not far below July's 31.88 million bpd, which is the highest reported records in over 20 years.'
'Iraq has increased exports this year by over 13% which equates to an additional 500,000 barrels of oil per day.'
'KRG exported 18,461,357 barrels of crude oil - an average of 595,528 barrels per day '
'Iraq’s overall exports have risen by about 40% to more than 3 million bpd and deliveries of 1 million bpd to Europe'
'The 4 billion barrel Zubair Oil field is currently run by ENI, Occidental, KOGAS and Iraq's Missan Oil Company.'
'October exports of 83.94 million barrels generating an income of 3.3 billion dollars '
'Current exports from the South of Iraq @ 3.1 million BPB'
'September exports were 91.5 million barrels and their achieved income of $3.725 billion dollars '
'KRG are targeting 900,000 barrels a day by the end of 2015.
'The Ministry of Iraq are going to owe in excess of a further $8 billion by the end of the year to IOCs'
'Generated $3.7 billion dollars from exports in September
'SOMO reported 95.5 million barrels and their achieved outcome which is about US$3.925 billion dollars '
'August exports of 95 million barrels generating income of US3.8 billion dollars'
'In the local Iraq newspaper 'al-Adala' said he wants to work International Oil Companies to find ways to reduce costs and link them to oil prices.'
'Investment is required to increase production'
'July exports reached 96.3 million barrels generating $4.8 billion dollars'
'Even though the area in the South of Iraq isn't effected by the ISIS, this is another of the challenges that foreign oil companies are experiencing in IRAQ.'
'Increase current production from the field is 1.3 million bpd day to targeted output of 2.1 million bpd'
'Achieved target output of 96 million barrels of oil for a generated income of 4.908 billion dollars
'"Last month the Kurdistan Region exported 4.4 million barrels of oil through SOMO Marketing Company, Baghdad in return sent 166 billion Iraqi Dinars to Kurdistan region,”'
'The oil was shipped by 36 different identities international companies through the ports of Basra and Khor Al-Amia and SPM from the Arab gulf as well as to the Turkish Ceyhan port on the Mediterranean'
'Oil ministry said that the exported oil quantities for the previous June was, (90.669) million barrels from the southern ports, and (4.942) million barrels from Ceyhan port.
'OPEC decided to keep the production table of crude oil to 30 million barrels for the next 6 months'
'Iraq is increasing oil exports in two directions. The first is in the Shiite south, where companies such as BP and Royal Dutch Shell work.'
' The Iraqi ministry of oil announced for its oil exports for the previous April 2015 which was (92.3) million barrels and their achieved outcome which is about (4.791) billion dollars'
'Taner Yildiz the Energy Minister for Turkey announced that deliveries of oil from Iraq through Turkey since the beginning of last year amounted to 47 million barrels worth about three billion dollars.'