• 2 days Iraq Begins To Rebuild Largest Refinery
  • 3 days Canadian Producers Struggle To Find Transport Oil Cargo
  • 3 days Venezuela’s PDVSA Makes $539M Interest Payments On Bonds
  • 3 days China's CNPC Considers Taking Over South Pars Gas Field
  • 3 days BP To Invest $200 Million In Solar
  • 3 days Tesla Opens New Showroom In NYC
  • 3 days Petrobras CEO Hints At New Partner In Oil-Rich Campos Basin
  • 3 days Venezuela Sells Oil Refinery Stake To Cuba
  • 3 days Tesla Is “Headed For A Brick Wall”
  • 3 days Norwegian Pension Fund Set to Divest From Oil Sands and Coal Ventures
  • 4 days IEA: “2018 Might Not Be Quite So Happy For OPEC Producers”
  • 4 days Goldman Bullish On Oil Markets
  • 4 days OPEC Member Nigeria To Issue Africa’s First Sovereign Green Bond
  • 4 days Nigeria To Spend $1B Of Oil Money Fighting Boko Haram
  • 4 days Syria Aims To Begin Offshore Gas Exploration In 2019
  • 4 days Australian Watchdog Blocks BP Fuel Station Acquisition
  • 4 days Colombia Boosts Oil & Gas Investment
  • 4 days Environmentalists Rev Up Anti-Keystone XL Angst Amongst Landowners
  • 5 days Venezuelan Default Swap Bonds At 19.25 Cents On The Dollar
  • 5 days Aramco On The Hunt For IPO Global Coordinators
  • 5 days ADNOC Distribution Jumps 16% At Market Debut In UAE
  • 5 days India Feels the Pinch As Oil Prices Rise
  • 5 days Aramco Announces $40 Billion Investment Program
  • 5 days Top Insurer Axa To Exit Oil Sands
  • 6 days API Reports Huge Crude Draw
  • 6 days Venezuela “Can’t Even Write A Check For $21.5M Dollars.”
  • 6 days EIA Lowers 2018 Oil Demand Growth Estimates By 40,000 Bpd
  • 6 days Trump Set To Open Atlantic Coast To Oil, Gas Drilling
  • 6 days Norway’s Oil And Gas Investment To Drop For Fourth Consecutive Year
  • 6 days Saudis Plan To Hike Gasoline Prices By 80% In January
  • 6 days Exxon To Start Reporting On Climate Change Effect
  • 6 days US Geological Survey To Reevaluate Bakken Oil Reserves
  • 7 days Brazil Cuts Local Content Requirements to Attract Oil Investors
  • 7 days Forties Pipeline Could Remain Shuttered For Weeks
  • 7 days Desjardins Ends Energy Loan Moratorium
  • 7 days ADNOC Distribution IPO Valuation Could Be Lesson For Aramco
  • 7 days Russia May Turn To Cryptocurrencies For Oil Trade
  • 7 days Iraq-Iran Oil Swap Deal To Run For 1 Year
  • 9 days Venezuelan Crude Exports To U.S. Fall To 15-year Lows
  • 10 days Mexico Blames Brazil For Failing Auction

Breaking News:

Iraq Begins To Rebuild Largest Refinery

How Cryptocurrencies Are Reshaping The Oil Trade

How Cryptocurrencies Are Reshaping The Oil Trade

Last week, Venezuela announced it…

Exxon To Disclose The Real Risk Of Climate Change

Exxon To Disclose The Real Risk Of Climate Change

ExxonMobil has finally given in…

Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk

Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk

Iraq’s security forces have found mass graves inside oil wells in an area in northeastern Iraq close to the oil-rich Kirkuk, and they believe the bodies are of civilians executed by ISIS, a security source told local media on Monday.

Iraq will now collect DNA samples to identify the victims, the security source told The Baghdad Post.

This is not the first time a mass grave has been uncovered by Iraqi forces who have recaptured almost all of Iraq’s territory formerly held by ISIS militants.

A week ago, Iraqi authorities said that mass graves full of bodies of civilians executed by Islamic State terrorists were found in the province of Kirkuk.

In 2014, the oil-rich Kirkuk was overran by ISIS who drove Iraqi forces out of the city. But the Kurdish Peshmerga forces expelled ISIS out of Kirkuk and had held the city for more than two years before Iraq moved on last month to reclaim the oil-rich area after Kurdistan’s independence referendum that Baghdad fiercely opposed.

In the middle of October, Iraq’s government forces completed an operation to seize control of all oil fields that Iraqi state-held North Oil Company operates in the Kirkuk region from Kurdish forces.

Related: Who's Next? Venezuela's Collapse Puts These Nations At Risk

Since the Iraqi federal forces moved to retake the fields in Kirkuk, oil flows in the Kirkuk-Ceyhan pipeline between Kirkuk’s oil fields to the Turkish Mediterranean port of Ceyhan have been volatile, and Iraq has boosted its oil exports from the southern Basra port to make up for lost exports on the Kirkuk-Ceyhan route.

Ceyhan loadings out of Kirkuk crude have dropped, while loadings of Basrah Light so far in November are at their highest pace since September of last year, lifting total southern Iraqi exports so far this month to the highest since March, according to ClipperData.

By Tsvetana Paraskova for Oilprice.com

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