July oil exports and revenues climb
With OPEC-plus pressure easing, Iraq increased exports slightly in July while higher oil prices drove monthly revenues to a 19-month high.
A worker adjusts the valve of an oil pipe at the West Qurna 1 oilfield in Basra on Nov. 28, 2010. (ATEF HASSAN/Reuters)
By Kate Dourian and Staff of Iraq Oil Report
Published Tuesday, August 3rd, 2021
Iraq s federal government and semi-autonomous Kurdistan Regional Government (KRG) exported a combined 3.340 million barrels per day (bpd) of crude oil in July, according to data from the Oil Ministry and industry officials.
Higher global oil prices also led to an increase in federal revenues from oil sales, which rose to $6.514 billion in July from $6.141 billion the previous month.
Despite one payment, Baghdad-Erbil budget stalemate continues
iraqoilreport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iraqoilreport.com Daily Mail and Mail on Sunday newspapers.
Lukoil Retracts Decision to Sell Stake in Iraq's Field: Al-Sabah
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Lukoil retracts decision to sell stake in Iraq's West Qurna-2 field: Al-Sabah
gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
Q&A: Oil Minister Ihsan Ismaael
Iraq’s oil chief discusses negotiations with Total and Chevron, arbitration with Exxon, the future of INOC, several gas project updates, and budget talks with the Kurdistan region.
Iraqi Oil Minister Ihsan Ismaael in his office in Baghdad on Feb. 8, 2021. (LIZZIE PORTER/Iraq Oil Report)
By Ben Van Heuvelen of Iraq Oil Report
Published Friday, July 30th, 2021
WASHINGTON - The clock is ticking for Iraq’s Oil Ministry to conclude some major strategic initiatives before October’s national elections begin to dominate the agenda in Baghdad.
One consequential yet unfinished deal is a multi-faceted project with France’s TotalEnergies worth $28 billion over 50 years, which would involve gas capture, upstream development, treatment and transport of water for use at southern oil fields, and Iraq’s first solar power plant.