• 4 minutes China - EU: Xi Says Cooperation Is Mainstream In Their Ties
  • 8 minutes The Mining Industry Has Had It Easy For Far Too Long
  • 11 minutes Lawsuit-Happy Councilor Wants to Take Big Oil to Court
  • 15 minutes U.S. Shale Output may Start Dropping Next Year
  • 3 hours Dutch Populists Shock the EU with Election Victory
  • 41 mins Venezuela Says Russian Troops Land to Service Military Equipment
  • 1 hour Trump to Make Allies Pay More to Host US Bases
  • 9 hours Multi-well Pad Drilling Cost Question
  • 19 hours U.S.-China Trade War Poses Biggest Risk To Global Stability
  • 2 hours Public Companies that attended OPEC "THREAT DINNER" at CERRAWEEK must disclose any risks in their SEC Financial filings.
  • 3 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 2 hours England Running Out of Water?
  • 2 hours Read: OPEC THREATENED TO KILL US SHALE
  • 1 hour Mexico Demands Spain and the Vatican Apologize to Indigenous People for the Spanish Conquest
  • 1 day One Last Warning For The U.S. Shale Patch
  • 1 day European Parliament demands Nord-Stream-ii pipeline to be Stopped
  • 2 days Modular Nuclear Reactors
Capping The Oil Price Rally

Capping The Oil Price Rally

OPEC’s recent meeting in Baku…

Morgan Stanley: Oil To Rise To $75 This Summer

Morgan Stanley: Oil To Rise To $75 This Summer

Investment bank Morgan Stanley sees…

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