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Tag Archives: iraq oil ministry

Iraq says oil exports, revenues increase in April

BAGHDAD (AP) — Iraq says April crude oil exports have increased by 2.3 percent from the previous month, filling cash-strapped coffers amid an acute economic crisis. Oil Ministry spokesman Assem Jihad, said Sunday that daily oil exports averaged 3.364 million barrels last month, worth $3.343 billion. March exports stood at 3.286 million barrels per day, bringing that month’s revenues to ...

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Iraq’s PM orders probe into oil corruption allegations

Iraqi Minister of Higher Education and Scientific Research, Hussain al-Shahristani, who previously served as oil minister and deputy prime minister in charge of energy, speaks at a press conference in Baghdad, Iraq, Saturday, April 2, 2016. Iraq's prime minister on Saturday ordered an investigation into corruption allegations against senior oil officials including al-Shahristani following an expose into bribe-taking published in international media outlets. Al-Shahristani denied he had been involved in any wrongdoing. (AP Photo/Karim Kadim)

BAGHDAD (AP) — Iraq’s prime minister on Saturday ordered an investigation into corruption allegations against senior oil officials following an expose into bribe-taking published in international media outlets. In a statement, Haider al-Abadi ordered “immediate” action by both the anti-corruption commission and the judiciary following reports published by the Huffington Post and Australia’s Fairfax media into large-scale bribe taking by ...

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Iraq exports first natural gas shipment in its history

BAGHDAD (AP) — Iraq on Sunday exported the first shipment of natural gas in its history, a key development for the OPEC member struggling to feed a cash-strapped economy amid an expensive fight against the Islamic State group. The move revives a long-sought ambition by Iraq to be a gas exporter, thanks to a joint venture with Anglo-Dutch Royal Dutch ...

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Iraq’s February oil exports below planned level for IS fight

BAGHDAD — Iraq’s oil exports for last month were below planned levels, the country’s Oil Ministry said Wednesday, depriving the nation of badly needed funds for its battle against the Islamic State group. Crude exports in February averaged 2.596 million barrels a day — almost a million barrels less than planned. The exports grossed about $3.402 billion, based on an ...

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