Iraq Oil Exports increase in September

By John Lee.

Iraq's Ministry of Oil has announced preliminary oil exports for September of 92,422,485 barrels, giving an average for the month of 3.081 million barrels per day (bpd), up slightly from the 3.054 million bpd exported in August.

The exports from the oilfields in central and southern Iraq amounted to approximately 89,224,354 barrels, while exports from Kirkuk amounted to 2,922,857 barrels. Exports to Jordan by truck totaled 275,274 barrels.

Revenues for the month were $6.771 billion at an average price of $72.612 per barrel.

August's export figures can be found here.

(Source: Ministry of Oil)

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Iraq Finalises August Oil Exports

By John Lee.

Iraq's Ministry of Oil has announced finalised oil exports for August of 94,660,239 barrels, giving an average for the month of 3.054 million barrels per day (bpd), up from the 2.918 million bpd exported in July.

The exports from the oilfields in central and southern Iraq amounted to approximately 91,655,930 barrels, while exports from Kirkuk amounted to 3,004,309 barrels.

Revenues for the month were $6.554 billion at an average price of $69.235 per barrel.

July's export figures can be found here.

(Source: Ministry of Oil)

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Iraq Oil Exports Exceed 3m BPD

By John Lee.

Iraq's Ministry of Oil has announced preliminary oil exports for August of 94,660,239 barrels, giving an average for the month of 3.054 million barrels per day (bpd), up from the 2.918 million bpd exported in July.

The exports from the oilfields in central and southern Iraq amounted to approximately 91,655,930 barrels, while exports from Kirkuk amounted to 3,004,309 barrels.

Revenues for the month were $6.533 billion at an average price of $69.017 per barrel.

July's export figures can be found here.

(Source: Ministry of Oil)

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Iraq Confirms Oil Exports for July almost $6.5bn

By John Lee.

Iraq's Ministry of Oil has announced finalised oil exports for July of 90,467,794 barrels, giving an average for the month of 2,918 million barrels per day (bpd), slightly up from the 2.892 million bpd exported in June.

The exports from the oilfields in central and southern Iraq amounted to approximately 87,455,359 barrels, while exports from Kirkuk amounted to 3,012,435 barrels.

Revenues for the month were $6.476 billion at an average price of $71.578 per barrel.

June's export figures can be found here.

(Source: Ministry of Oil)

The post Iraq Confirms Oil Exports for July almost $6.5bn first appeared on Iraq Business News.

Iraqi Oil Exports for July Exceeded $6.5bn

By John Lee.

Iraq's Ministry of Oil has announced preliminary oil exports for July of 90,467,794 barrels, giving an average for the month of 2,918 million barrels per day (bpd), slightly up from the 2.892 million bpd exported in June.

The exports from the oilfields in central and southern Iraq amounted to approximately 87,455,359 barrels, while exports from Kirkuk amounted to 3,012,435 barrels.

Revenues for the month were $6.513 billion at an average price of $72.001 per barrel.

June's export figures can be found here.

(Source: Ministry of Oil)

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Iraq Confirms Oil Exports for June Exceeded $6bn

By John Lee.

Iraq's Ministry of Oil has announced finalised oil exports for June of 86,765,589 barrels, giving an average for the month of 2.892 million barrels per day (bpd), slightly down from the 2.899 million bpd exported in May.

The exports from the oilfields in central and southern Iraq amounted to approximately 83,690,352 barrels, while exports from Kirkuk amounted to 3,075,237 barrels.

Revenues for the month were $6.143 billion at an average price of $70.801 per barrel.

May's export figures can be found here.

(Source: Ministry of Oil)

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Will Baghdad, Erbil fulfil Budget Obligations?

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

With deal in hand, will Baghdad, Erbil fulfil budget obligations?

To what extent will the Kurdistan region of Iraq (KRI) be seriously committed to the provisions of the federal budget now that it has been approved?

And will the convulsions of the bilateral relationship between Erbil and Baghdad reappear if one of them violates these provisions or does not abide by them?

The full report can be viewed here (registration required).

The post Will Baghdad, Erbil fulfil Budget Obligations? first appeared on Iraq Business News.

Iraq Oil Exports for June Exceed $6bn

By John Lee.

Iraq's Ministry of Oil has announced preliminary oil exports for June of 86,765,589 barrels, giving an average for the month of 2.892 million barrels per day (bpd), slightly down from the 2.899 million bpd exported in May.

The exports from the oilfields in central and southern Iraq amounted to approximately 83,690,352 barrels, while exports from Kirkuk amounted to 3,075,237 barrels.

Revenues for the month were $6.141 billion at an average price of $70.778 per barrel.

May's export figures can be found here.

(Source: Ministry of Oil)

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Iraq Oil Revenues almost $6bn in May

By John Lee.

Iraq's Ministry of Oil has announced finalised oil exports for May of 89,881,268 barrels, giving an average for the month of 2.899 million barrels per day (bpd), slightly down from the 2.947 million bpd exported in April.

The exports from the oilfields in central and southern Iraq amounted to approximately 86,820,355 barrels, while exports from Kirkuk amounted to 3,060,913 barrels.

Revenues for the month were $5.918 billion at an average price of $65.842 per barrel.

April's export figures can be found here.

(Source: Ministry of Oil)

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Genel Energy receives March Oil Payments from KRG

Genel Energy has announced that payments have been received from the Kurdistan Regional Government ('KRG') for its entitlement for oil sales during March 2021.

Those payments are made up as follows:

(all figures $ million) Payment
Tawke 14.3
Taq Taq 2.1
Sarta 3.4
Total 19.8

As announced on 13 May, Genel and other KRI operators received a letter from the KRG proposing an amendment to the recovery mechanism and payment schedule for monies owed for oil sales from November 2019 to February 2020 and the suspended override from March to December 2020.

The entitlement payments for oil sales were, in line with other operators, received ahead of the proposed amended schedule.

The Company has not yet received payments for March's invoices under the recovery mechanism, regarding which it is engaging with the KRG on their proposed amendments, nor the Tawke override.

Assuming the proposed revision to the terms of recovery stands, the recovery payment will be $3.1 million. The override payment will be $8.2 million. Given the proposed new schedule, Genel expects to receive both payments shortly.

(Source: Genel Energy)

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