Cursor International executes projects and collaboration activities across several industries.
By John Lee.
Iraq’s Ministry of Oil has announced preliminary oil exports for February of 95,940,404 barrels, giving an average for the month of 3.426 million barrels per day (bpd), a slight decrease from the 3.490 bpd exported in January.
The exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan.
Revenues for the month were $5.769 billion at an average price of $60.137 per barrel.
January export figures can be found here.
(Source: Ministry of Oil)
By John Lee.
Iraq’s Oil Ministry has signed a a memorandum of cooperation with the Kuwait-based company Al-Arfaj, with a view to capturing and using associated gas from Iraq’s oil fields.
Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] ending gas flaring and using the gas for petrochemical production was a priority for the Ministry.
According to a statement from the Ministry:
“The memorandum included the formation of a coordination committee between the two sides to exchange the information about the projects in the zone and the world. The memorandum included also the desire of the company to participate in the flare gas investment project and the methanol production, as well as to invite the ministry of oil to contribute in the investment of the project of building an oil refinery in India with a petrochemicals complex.”
(Source: Ministry of Oil)
Suleimani may fail to form a large bloc to counter KDP’s control of Erbil
By John Lee.
Iraq’s Ministry of Oil has announced final oil exports for January of 108,190,068 barrels, giving an average for the month of 3.490 million barrels per day (bpd), a slight decrease from the 3.535 bpd exported in December.
The exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan.
Revenues for the month were $6.772 billion at an average price of $62.596 per barrel.
The oil was shipped by 31 international companies from the ports of Basra, Khor Al- Omaia and the single-point moorings (SPM’s) on the Gulf.
December export figures can be found here.
(Source: Ministry of Oil)
By John Lee.
Iraq’s Ministry of Oil has announced final oil exports for January of 108,190,068 barrels, giving an average for the month of 3.490 million barrels per day (bpd), a slight decrease from the 3.535 bpd exported in December.
The exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan.
Revenues for the month were $6.772 billion at an average price of $62.596 per barrel.
The oil was shipped by 31 international companies from the ports of Basra, Khor Al- Omaia and the single-point moorings (SPM’s) on the Gulf.
December export figures can be found here.
(Source: Ministry of Oil)
By John Lee.
Platts reports that the final details of Iraq’s latest oilfield licensing round will not be completed by the planned date of July, due to the upcoming elections.
Abdul Mahdy Al-Ameedi, Director General of the Oil Ministry’s Petroleum Contracts and Licensing Directorate (PCLD) told the CWC Iraq Petroleum Conference in Berlin:
“The timing may extend a bit especially as the whole project is connected with elections in April and May …
“Comments have been made by specialists in order to reorder contracts to include all the commitments and provisions I doubt that we will finish by July 5. It will take time but it will be done.“
The list of qualified companies can be found here.
(Source: Platts)
By John Lee.
Platts reports that the final details of Iraq’s latest oilfield licensing round will not be completed by the planned date of July, due to the upcoming elections.
Abdul Mahdy Al-Ameedi, Director General of the Oil Ministry’s Petroleum Contracts and Licensing Directorate (PCLD) told the CWC Iraq Petroleum Conference in Berlin:
“The timing may extend a bit especially as the whole project is connected with elections in April and May …
“Comments have been made by specialists in order to reorder contracts to include all the commitments and provisions I doubt that we will finish by July 5. It will take time but it will be done.“
The list of qualified companies can be found here.
(Source: Platts)
Today, those visiting mostly go to listen to Haji Bakir’s stories
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.
Iraq is hoping to lure international investors to help develop its oil and gas industry.
With victory declared over fighters from Islamic State of Iraq and the Levant (ISIL, also known as ISIS), government ministers are meeting oil executives in Berlin to discuss how to exploit its vast reserves.
Al Jazeera’s Dominic Kane reports from Berlin:
By John Lee.
A plan to export Iraqi crude oil by truck to Iran has reportedly been postponed due to security concerns.
Under the oil-swap agreement, Iraq was to export 60,000 bpd of crude oil by truck from Kirkuk to Iran’s Kermanshah refinery (pictured), and ship back refined Iranian oil for southern Iraq.
Hamid Hosseini, the Iranian secretary-general of the Iran-Iraq Chamber of Commerce, said Iran does not have X-ray machines to scan the trucks coming from Iraq, adding that Iran is in talks with Iraq to use their X-ray facilities.
(Sources: Xinhua, Rudaw)