Αποτελέσματα Αναζήτησης
Introduction. In November 2020, ahead of annual term contract negotiations,1 Iraq’s State Oil Marketing Organisation (SOMO) announced it would further split its crude streams from two into three by launching a new export grade: Basrah Medium.
Despite the extraordinary challenges of war in recent years, Iraq has made impressive gains, nearly doubling the country’s oil production over the past decade. But the turmoil has also undermined the country’s ability to maintain and invest in its power infrastructure.
overview of the impact of the oil crisis on Iraq’s economy; Section 3 examines Iraqi oil production 1 based on a ramp-up of volumes from West-Qurna 2 and Halfaya. See: Ahmed Mehdi, Iraqi Oil: industry evolution and short
Iraqi oil has traditionally three major oil market destinations: the Americas, East Asia and Europe. All three markets are supplied from the southern export terminals in Basrah province on north Arabian Gulf, while oil from the north (Kirkuk blend) goes to Americas and European destinations only through the Turkish port of Ceyhan.
International oil companies (IOCs) have been involved in the exploration, development, and production of Iraq's oil fields, as well as in the construction of infrastructure such as pipelines and export terminals.
Chinese energy companies emerged as dominant players in the Iraqi Oil Ministry’s May licensing rounds to auction 29 oil and gas blocks, securing 10 out of 13 oil and gas blocks. Shell was the only Western international oil company to participate, and it did not win any bids.
Cabinet advances proposal for northern oil export restart. Iraq's main political factions appear to have an initial agreement for paying Kurdistan's oil companies for exports, but legislative, legal, and practical hurdles remain. Oct 29, 2024.
