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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Iraqi Planning Minister Salman al-Jumaili (L) and Prime Minister Haider al-Abadi pose for a picture at the UN secretary-general's office during the annual UN General Assembly, Sept. 30, 2015, in New York, New York. (photo by KENA BETANCUR/AFP/Getty Images) Iraqi Minister of Planning Salman al-Jumaili, in an interview with Al-Monitor from his office in Baghdad, said that his
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Reaching 5 million barrels a day of capacity ‘not unrealistic’ Iraq may want to press OPEC for leeway if cuts are extended Iraq’s ambition to boost oil-output capacity to a record 5 million barrels a day is “not unrealistic” as the country prepares for the end of OPEC-mandated supply limits, consultants Wood Mackenzie Ltd. said. Iraq, which has been rehabilitating its oil
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Tankers loaded 122 million barrels of Iraqi crude at ports in the Arabian Gulf and Mediterranean Sea last month DUBAI: Oil tankers shipped the most crude from Iraq in six months in May, when OPEC’s second-biggest producer was negotiating with the group’s other members to persist with supply constraints to shore up the global market. Tankers loaded 122 million barrels of Ira
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