The Iraqi State Organization for Marketing Oil (SOMO) announced Nov. 2 that it is arranging with Turkey to allow SOMO to sell Iraqi crude from the disputed territories through the pipeline from Kirkuk to the Ceyhan Turkish port. The Kurdistan Regional Government (KRG) used to export about 500,000 barrels per day independently through Ceyhan before the Baghdad operation to ret
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Royal Dutch Shell announced this month that it is trying to sell its stake in the Majnoon oilfield in southern Iraq, following a failure to reach agreement with Iraq’s Ministry of Oil. A Shell spokesman told UAE-based newspaper The National: “Following extensive discussions with the Ministry of Oil, the oil minister of Iraq formally endorsed a recent Shell proposal to pursu
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Minister says Baghdad doesn’t know much about Kurdish exports Too early to decide whether OPEC deal needs to be extended 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. The second-largest producer in the Organization of Petroleum Exporting Countrie
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State-run SOMO mulls shift in Asian pricing to Dubai exchange OPEC’s second-largest producer seeks feedback by end of August OPEC’s second-largest producer is stepping up the campaign to get more for its oil by looking to revamp the way it sells crude to its biggest customers. Iraq is considering plans to use a new reference price for sales to Asia, according to traders,
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BAGHDAD — On July 21, farmers complained about a gas pipeline dredging their farmlands. The pipeline carries gas from Iran to Baghdad through Bismayah, which is located in southeast Baghdad. Meanwhile, reports on May 22 revealed that the pipeline caused damage to an archaeological site under which it passes. On March 17, 2016, Iran announced the completion of a
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