Category: Iraq Oil Exports News

By John Lee.

Iraq’s Ministry of Oil has announced total financial revenues from oil exports to $75.650 billion for 2021, which it says is a marked increase on budgeted expectations for the year.

The Ministry’s Deputy for Upstream Affairs, Kareem Hattab, pointed to the commitment of the OPEC+ producers in achieving stability in oil markets, and expressed his hope that the required balance between supply and demand will continue to be achieved in the year ahead, especially after the increase of 400,000 barrels per day that will be supplied to global markets by OPEC+ from March.

He said Iraq’s quota will increase to 4,370 million barrels per day.

(Source: Ministry of Oil)

The post Iraq Oil Exports Exceed $75bn in 2021 first appeared on Iraq Business News.

By John Lee.

Iraq’s Ministry of Oil has announced preliminary oil exports for December of 101,579,927 barrels, giving an average for the month of 3.277 million barrels per day (bpd), almost equal to the 3.273 million bpd exported in November.

The exports from the oilfields in central and southern Iraq amounted to approximately 98,570,290 barrels; we are still awaiting details of exports from Kirkuk, and via road to Jordan.

Revenues for the month were $7.037 billion, from which we calculate an an average price of $69.28 per barrel, in contrast to the “more than 72 dollars” stated by the Ministry.

November’s export figures can be found here.

(Source: Ministry of Oil)

The post Iraq Oil Exports Flat for December first appeared on Iraq Business News.

By John Lee.

Iraq’s Ministry of Oil has announced preliminary oil exports for November of 98,192,317 barrels, giving an average for the month of 3.273 million barrels per day (bpd), up from the 3.120 million bpd exported in October.

The exports from the oilfields in central and southern Iraq amounted to approximately 95,860,149 barrels; while exports from the Kirkuk fields through the port of Ceyhan amounted to 2,032,685 barrels. Although not stated explicitly, this seems to imply exports to Jordan by truck 299,483 barrels.

Revenues for the month were $7.611 billion at an average price of $77.510 per barrel.

October’s export figures can be found here.

(Source: Ministry of Oil)

The post Iraq Finalises November Oil Exports first appeared on Iraq Business News.

By John Lee.

Iraq’s Ministry of Oil has announced preliminary oil exports for November of 98,192,317 barrels, giving an average for the month of 3.273 million barrels per day (bpd), up from the 3.120 million bpd exported in October.

The exports from the oilfields in central and southern Iraq amounted to approximately 95,860,149 barrels; we are still awaiting details of exports from Kirkuk, and via road to Jordan.

Revenues for the month were $7.590 billion at an average price of $77.333 per barrel.

October’s export figures can be found here.

(Source: Ministry of Oil)

The post Iraq Oil Exports increase again in November first appeared on Iraq Business News.

By John Lee.

Iraq’s Ministry of Oil has announced finalised oil exports for October of 96,708,660 barrels, giving an average for the month of 3.120 million barrels per day (bpd), up slightly from the 3.081 million bpd exported in September.

The exports from the oilfields in central and southern Iraq amounted to approximately 93,386,975 barrels, while exports from Kirkuk amounted to 3,011,917 barrels. Exports to Jordan by truck totaled 309,768 barrels.

Revenues for the month were $7.666 billion at an average price of $79.274 per barrel.

September’s export figures can be found here.

(Source: Ministry of Oil)

The post Iraq Finalises October Oil Exports first appeared on Iraq Business News.

By John Lee.

Iraq’s Ministry of Oil has announced preliminary oil exports for October of 96,708,660 barrels, giving an average for the month of 3.120 million barrels per day (bpd), up slightly from the 3.081 million bpd exported in September.

The exports from the oilfields in central and southern Iraq amounted to approximately 93,386,975 barrels, while exports from Kirkuk amounted to 3,011,917 barrels. Exports to Jordan by truck totaled 309,768 barrels.

Revenues for the month were $7.680 billion at an average price of $79.376 per barrel.

September’s export figures can be found here.

(Source: Ministry of Oil)

The post Iraq Oil Exports increase in October first appeared on Iraq Business News.

By John Lee.

Iraq’s Ministry of Oil has announced finalised 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 $6.777 billion at an average price of $73.328 per barrel.

August’s export figures can be found here.

(Source: Ministry of Oil)

The post Iraq Finalises September Oil Exports first appeared on Iraq Business News.

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)

The post Iraq Oil Exports increase in September first appeared on Iraq Business News.