EghtesadOnline: The head of Iraq’s state oil marketer SOMO is currently holding talks in Iran to determine a start date for oil exports from Iraq’s Kirkuk oilfields, Iraqi Oil Minister Jabar al-Luaibi said on Wednesday.
EghtesadOnline: Iran and Iraq have reportedly started talks over the shipment of crude oil from the fields around Kirkuk to the Kermanshah refinery inside the Iranian territory.
EghtesadOnline: Iraq began using a new offshore crude-exporting facility to help boost shipments by sea and make up for a suspension of pipeline exports from the country’s north due to a conflict with the self-governed Kurdish region.
EghtesadOnline: Crude extended gains from the highest close in two weeks as speculation mounted over potential output disruptions in a region that’s home to Iraq’s oldest producing oil fields.
EghtesadOnline: Iraq and Iran boosted crude exports in September, taking advantage of a slower pace of shipments from the rival Saudi Arabia to win buyers in key markets like China and the US.
EghtesadOnline: Iraq’s Oil Minister Jabbar al-Luaibi says an agreement will be signed with Iran soon to jointly invest in two oil fields shared between the two countries.
EghtesadOnline: Oil prices rose on Wednesday after Iraq’s oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a report showed a smaller-than-expected increase in U.S. inventories.
EghtesadOnline: Iraq said it has gone deeper than its pledged oil-output cut, potentially ending a seven-month period in which OPEC saw the nation falling short of its agreed curbs.
EghtesadOnline: Iran should and will seize the opportunity to consolidate its position in Iraqi's multibillion-dollar economy, Oil Minister Bijan Namdar Zanganeh said.
EghtesadOnline: Iran's Minister of Petroleum said on Wednesday that Iranian companies are ready to implement gas and oil projects in Iraq.