• 7 minutes Does S Arabia Have 2 Mln Barrels in Spare Capacity?
  • 16 minutes Google, Hit With Record $5 billion EU Antitrust fine, To Appeal
  • 23 minutes 67.50 was the low for now, $70 - $76+ back in play
  • 1 day Venezuela, the largest oil reserve in the world, faces deep shortages of motor oil
  • 1 day EU And Japan Sign Historic Free Trade Deal
  • 3 hours Trudeau Shuffles Cabinet, Seeks To Reduce Reliance On U.S.
  • 1 day Where 3 Million Electric Vehicle Batteries Will Go When They Retire?
  • 7 hours Daimler and BMW Will Beat Tesla in EV Race
  • 2 hours Chartist predicting a $1 fall, after WTI drops $10
  • 1 day China’s Technology Sector Takes On Silicon Valley
  • 20 hours Chile Becomes The Latest Country To Commit To 100% Renewables
  • 1 day Germany: We Can No Longer Fully Rely On U.S. White House
  • 2 days Well from $74 we hit 67.xx now what?
  • 1 day Trump-Putin Helsinki Summit And Oil Prices
  • 2 days Rio Tinto Says $4-Million Goodbye to Coal
  • 2 days Trade War of 1930s, Extended the Great Depression
No End In Sight For Venezuela’s Oil Crisis

No End In Sight For Venezuela’s Oil Crisis

Venezuela saw its production plunge…

A Long-Term Play In Oil Markets

A Long-Term Play In Oil Markets

The recent drop in oil…

Iraq To Begin Oil Deliveries To Iran

Kirkuk

Iraq's oil minister says the country will start exporting oil to Iran from its northern Kirkuk oil fields by the end of January.

Oil Minister Jabar al-Luaibi said on January 7 that about 30,000 barrels per day will be trucked to Iran's Kermanshah refinery in the first set of shipments.

The deliveries are to be made under a swap agreement announced in December by both countries.

Iraq and Iran have agreed to swap of up to 60,000 barrels per day of crude oil produced in Kirkuk for Iranian oil that is to be delivered to southern Iraq.

The shipment of oil from Kirkuk has been halted since Iraqi forces took back control of the oil fields from Kurdish forces in October.

Kurdish forces had seized the oil fields during the military campaign that drove Islamic State militants from the area.

Iraq plans to eventually build a pipeline linking the Kirkuk oil fields to Iran’s Kermanshah refinery so that deliveries don't have to be made by truck.

Iraq also is seeking to build a new pipeline to replace an old and severed damaged section of the Kirkuk-Ceyhan pipeline, which crosses the border with Turkey in the Fish-Khabur area.

By RFE/RL

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News