Tuesday 26 May 2015
 
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Basra

Iraq targets record Basra crude exports in June with new grade

Iraq plans to export a record volume of crude from its southern ports in June, as it splits its production into two grades for the first time to resolve quality issues, trade sources familiar with the matter said.  

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Asia assesses new Iraqi Basra Heavy crude before June launch

Refiners in Asia are assessing the new Iraqi Basra Heavy crude after Iraq released the grade's assay to kick off marketing a month before the oil's launch, trade sources said.   The assay was made availab

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Iraq sets Basra Heavy crude price, but pushes back launch

Iraq has set the first monthly price for its new Basra Heavy crude for May, but has likely delayed the launch of the grade until the following month, according to industry sources.   The country's State Oil M

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Hampered by quality issues, Iraq backs crude split to drive exports

Iraq's plan to split a heavier crude being produced in its southern oilfields from its flagship grade should reduce quality issues dogging its exports, though there will be challenges getting the price it wants and setting up infrastructur

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Big oil tanker backlog builds at Basra port after bad weather

A backlog of over 30 oil tankers has built up outside the Iraqi port of Basra and shippers face lengthy delays of up to three weeks to load oil because of bad weather and possible oil quality issues, shipping industry sources said.

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Iraq plans 60 power projects worth $218m

Iraq has given the green light for 60 new power projects worth $218 million to be built in the Basra governorate in its budget for 2015, reported Iraq Business News. Basra approved a budget of $3.6 billion for 2015, but w

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Iraq plans 60 power projects worth $218m

Iraq has given the green light for 60 new power projects worth $218 million to be built in the Basra governorate in its budget for 2015, reported Iraq Business News. Basra approved a budget of $3.6 billion for 2015, but w

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Egypt inks deal to help develop Iraqi fields

Egypt's state oil company signed an agreement to join Kuwait Energy in developing an oil field in southern Iraq, the company's first foray into upstream work outside of Egypt, the Egyptian oil minister said on Sunday. &quo

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Iraq builds up debts as oil price drops

Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in Opec's second-largest producer. Western oil compan

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Iraq builds up debts as oil price drops

Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in Opec's second-largest producer. Western oil compan

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