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Energy

Iraqi exports trending up as Ceyhan loadings resume

Southern exports increased in September, and Iraq's nationwide oil sales are expected to climb further as the pipeline to Turkey reopens.
A tanker loads crude at the Turkish port of Ceyhan in May 2015. (STAFF/Iraq Oil Report)

Q&A: SOMO’s Falah Alamri

The head of Iraq's oil marketing authority touts the market's embrace of the new Basra Heavy crude blend, which will account for most of the country's upcoming export growth.

Iraq shatters export records

In combination, Iraq's federal government and Kurdistan region exported about 4 million bpd last month, but both governments still face crippling cash shortages.

Iraq budget moves toward passage

Despite some spending cuts, MPs across the political spectrum criticize the budget for its unrealistic expectations, but also expect it to pass.

Occidental plans Iraq exit

American oil company Occidental Petroleum has formally notified the Oil Ministry it plans to withdraw from the Zubair project.