Posts Tagged ‘Export’

Oil: Iraq will export capacity of more than seven million barrels per day in 2015

Posted: March 20, 2013 in Iraqi Dinar/Politics
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Wednesday, March 20, 2013

The Oil Ministry announced that the export capacity of Iraq will amount to more than seven million barrels per day in 2015, confirming its quest to develop the infrastructure to transport crude oil storage and export.

The director of contracts and licensing of oil in the ministry Abdul Mahdi al-Amidi in a press statement that “Iraq will have the potential to export more than seven million barrels a day in 2015 when completed and the Oil Ministry building platforms floating end of the year,” noting that “the ministry would be willing to deal with these quantities for the purpose of transfer and export. ” (more…)

Ministry of Industry: Beginning end of first quarter; Iraq will begin producing 120,000 vehicles per year

Posted: January 10, 2013 in Iraqi Dinar/Politics
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Hyundai i10

01/09/2013
Industry announces start producing cars during the current year

Announced the Ministry of Industry and Minerals for start producing cars Iraqi year card 120 thousand cars a year, noting that the project will be the first step to enter Iraq within states collected and processed for cars.

said Director General Company for the automotive industry of the Ministry of Industry Adnan Ahmed demure in a press statement, “The company will assume the opening lines strategy for the automotive industry and Iraqi qualities different end of first quarter of the current year 2013″, noting that “the production capacity of the project is 120 thousand sedans a year.” (more…)

Economic Commission warns of a setback in the Iraqi economy as a result of lower oil prices

Posted: July 5, 2012 in Iraqi Dinar/Politics
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Posted 05/07/2012 04:05 AM

Warned the decision of the parliamentary Economic Committee, Khalil Mahma, a setback in the Iraqi economy due to lower world oil prices. (more…)

Energy Commission: Iraq will be the first in the Middle East oil exports

Posted: June 4, 2012 in Iraqi Dinar/Politics
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06/04/2012

BAGHDAD / JD / .. revealed to the Commission on oil and energy that the expectations of the parliamentary foreign invested companies to participate in the fourth round of licenses that Iraq will be the first country in the Middle East oil exports in the coming years. (more…)

Former oil Minister: Oil sector faces challenges due to poor infrastructure, lack of oil and gas (HCL) legislation

Posted: April 17, 2012 in Iraqi Dinar/Politics
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Date: Tuesday, 17-04-2012 12: 05 pm

Baghdad (newsletter) … Former oil Minister Ibrahim Bahr Al-Ulum to rehabilitate oil facilities for export and storage systems to accommodate the planned amount of production and export of oil in the future, adding that highlighted the challenges facing the oil sector, poor infrastructure and lack of oil and gas Act legislation. (more…)

Economist: Iraq’s neighboring countries will compete industrially and commercially in the coming years

Posted: March 28, 2012 in Iraqi Dinar/Politics, Top Headlines
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On: Wednesday 28/3/2012 7:03

likely economist Ismail Radi development of Iraq’s industrial and commercial in the coming years, stressing that he will compete with the surrounding countries in the region through the export of goods and increase its exchanges of trade, as a result of the attributes of the elements of economic losses.

Radi said in the light of what is going on by Iraq of regional developments and scientific development of plans to attract corporate investment, which will push Iraq over the coming years towards the development of economic sectors. (more…)

Iraq: Oil output highest since 1979

Posted: March 5, 2012 in Iraqi Dinar/Politics, Top Headlines
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Top Iraqi energy officials say oil production is now over three million barrels per day, will rise to around 12 million bpd by 2017.

Middle East Online

Iraq exported 65.3 million barrels of crude in January

BAGHDAD – Iraq’s oil production is now over three million barrels per day (bpd), the country’s highest output since 1979, top Iraqi energy officials said on Monday in Baghdad.

“Oil production is now over three million barrels per day,” Hussein al-Shahristani, Iraq’s deputy prime minister for energy affairs, said in a speech at the oil ministry. (more…)

Iraq opens a new port for oil export capacity by 3.3 million barrels per day

Posted: February 12, 2012 in Iraqi Dinar/Politics
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Basra, February 12 (Rn) -

Iraq on Sunday opened a new port for the export of crude oil in the province of Basra, south of the country aims to increase export capacity by about 3.3 million barrels a day.

It was scheduled to open the port in January but the date was postponed to the end of the pipe joints and testing of terrestrial and marine sectors.

Iraq plans to implement the expansion at a cost of $ 1.3 billion to export facilities in the port of Basra on the Gulf include pipelines under the sea and under the earth and the establishment of a single float to load tankers in light of efforts to rebuild the sector after years of war. (more…)

Iraq Oil Income Jumped by 60% in 2011

Posted: January 25, 2012 in Iraqi Dinar/Politics, Top Headlines
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Increased volumes and the higher price of crude oil pushed Iraq’s income from oil sales up by nearly 60 percent in 2011 compared to the previous year, according to AFP.

Oil ministry figures published on Monday showed that total exports of oil increased 15 percent to 790.5 million barrels of oil, or an average of around 2.17 million barrels per day (bpd), compared to 689.9 million barrels in 2010.

Prices rose by around a third, bringing in revenue of $82.988 billion in 2011, versus $52.2 billion the previous year. (more…)

HSBC Forecasts Vietnam GDP to Rise By 5.7% In 2012

Posted: January 20, 2012 in Asian Currency Markets, Top Headlines
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VietFinanceNews.com – Vietnam is forecast to have GDP growth rate of 5.7% in 2012, compared to the government’s target of 6.0-6.5%, HSBC Global Economics Research Team wrote in its Macro Asian Economics Q1/2012.

HSBC Global Research said:

Despite sluggish global growth and challenging domestic conditions, Vietnam’s growth momentum has been impressive. GDP expanded 6.1% y-o-y in 3Q 11 (versus 5.7% in 2Q 11) thanks to robust exports and domestic demand. We expect GDP growth of 5.8% in 2011 and 5.7% in 2012 (the government’s target is 6.0-6.5% for 2012). (more…)

Vietnamese Dong Rises to One-Month High on Inflation Outlook

Posted: January 20, 2012 in Asian Currency Markets, Top Headlines
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VietFinanceNews.com – Vietnam’s dong advanced to its strongest level in a month after the central bank said inflation would slow. Government bonds were steady.

Consumer prices will rise less than 12 percent at worst and about 8.5 percent in a “good” scenario, central bank Governor Nguyen Van Binh said on Jan. 12. Inflation in the $104 billion economy was 18.1 percent in December. The dong will depreciate 2 percent to 3 percent this year, Binh said. That would be the least since 2007, according to data compiled by Bloomberg. (more…)

Iraq’s Oct. exports hit 6.87% increase

Posted: November 2, 2011 in Iraqi Dinar/Politics
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01/11/2011 15:47

Sulaimaniyah, Nov. 1 (AKnews) – Iraq exported 67.425 million bpd in October, an increase of 6.87 per cent from 63.1 million bpd the previous month

Mu’tassam Akram, undersecretary of Iraqi Oil Ministry, told AKnews Tuesday that average daily exports for OCtober hit 2.175 million bpd. (more…)

Iraq: oil exports will exceed 2.5 million barrels per day next year

Posted: October 13, 2011 in Iraqi Dinar/Politics
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13/10/2011 10:31

Baghdad, October 13 / October (Rn) – The Iraqi Oil Ministry said Thursday it plans to increase its exports of crude oil during the next year to more than 2.5 million barrels per day, indicating that production is expected to reach 3.3 million barrels per day.

The current production of crude oil from Iraq, about 2.7 to 2.8 million barrels per day of crude oil and the export of more than two million barrels a day, and relies on imports to cover the financial budget by up to 95 per cent.

(more…)

Parliamentary committee calls for increased exports to prevent the budget deficit

Posted: August 29, 2011 in Iraqi Dinar/Politics
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Commission asked for the economy and investment representative, to increase Iraq’s exports to prevent the deficit in the balance of trade.

The Committee member Abdul Hussain Alabtan in a press statement that the improvement of industrial and agricultural sectors and trade will increase exports from Iraq and that this would prevent the deficit in the balance of trade.

He continued by saying: if you note trade with Syria, Turkey and other countries which are increasing day by day with the deterioration of the economic sectors, as well as a big difference, especially after the Iraq has become a market for goods of others, “pointing at the same time that the oil sector is still an unfortunate comparison what it was before 2002, they totaled oil exports to (2.8) million barrels and now is not to exceed (2.2) and this is reflected negatively on the economy of the country. “

http://bit.ly/nZtDm9

CNN: China’s new currency policy

Posted: August 24, 2011 in Asian Currency Markets
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China’s government may be about to let the renminbi-dollar exchange rate rise more rapidly in the coming months than it did during the past year. The exchange rate was actually frozen during the financial crisis, but has been allowed to increase since the summer of 2010. In the past 12 months, the renminbi strengthened by 6% against the dollar, its reference currency.

A more rapid increase of the renminbi-dollar exchange rate would shrink China’s exports and increase its imports. It would also allow other Asian countries to let their currencies rise or expand their exports at the expense of Chinese producers. That might please China’s neighbors, but it would not appeal to Chinese producers. Why, then, might the Chinese authorities deliberately allow the renminbi to rise more rapidly?

Read More:  http://globalpublicsquare.blogs.cnn.com/2011/08/23/china%E2%80%99s-new-currency-policy/

The oil ministry reveal the total oil exports for the month of March

Posted: May 1, 2011 in Iraqi Dinar/Politics
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Oil Ministry said that the total crude oil exports for the month of March last year hit 66 million and 900 thousand barrels and that the proceeds of such exports, estimated at seven billion and 167 thousand dollars.

A statement of the Ministry of Oil that Basra’s oil exports during the month of March, amounted to 52 million and 300 thousand barrels, while the Kirkuk oil exports 14 million and 600 thousand barrels. The statement pointed out that the average selling price hit 107 dollars and 13 cents per barrel.

Has been loaded those quantities by international oil companies from the ports of Basra and Khor al-Amaya on the Persian Gulf and Turkish port of Ceyhan on the Mediterranean Sea and delivery trucks to Jordan.

http://bit.ly/mTvcgx

Iraqi oil exports averaged 2.08 million barrels/day in early April

Posted: April 26, 2011 in Iraqi Dinar/Politics
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The head of a State Oil Marketing Organisation Falah al-Ameri said on Monday that the average Iraqi oil exports since the beginning of April amounted to 2.08 million barrels per day, down from 2.159 million in March.

Amery said that the average exports during the whole month would reach about 2.1 million barrels a day.

http://bit.ly/gPElXk

Iraq’s oil revenues hit a record

Posted: April 25, 2011 in Iraqi Dinar/Politics
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26/04/2011
Oil Ministry announced that Iraqi oil revenues for the month of March, a record since 2003 override seven billion dollars.

According to figures published by the ministry on its website, Iraq was 66.9 million barrels of crude oil in March earned him the revenues of 7.167 billion dollars at 107.31 dollars per barrel.

This is the highest monthly revenue that is recorded since 2003.

And return to the previous record in January 6280 where revenues reached billions of dollars.

http://wp.me/pZC7o-7KK

Oil Minister: Iraq will be 5 million barrels per day over the next year

Posted: April 22, 2011 in Iraqi Dinar/Politics
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Announced that the Iraqi oil minister, Abdel Karim coffee today, “Thursday” that Iraq will be “5″ millions of barrels per day next year, and “10″ million barrels in the long run, came during a meeting with a number of companies winning contracts licensing rounds first, second and oil companies Iraqi ministry headquarters.

He said the coffee in a press statement quoted “with” that Iraq and thanks to the development of the system of export and oil fields will be able to export nearly “5″ millions of barrels per day over the next year, and “10″ barrels per day over the long term, as ratified the ministry on all existing contracts have, and this will raise production to nearly double, especially after the completion of the rehabilitation of the port of Basra and the large two-pronged. “

(more…)

Oil: Iraq’s production during the current year will rise to about 3m million barrels per day

Posted: April 7, 2011 in Iraqi Dinar/Politics
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Assem Jihad

Arbil, April 7 (AKnews) – A spokesman for the Iraqi Oil Ministry, said on Thursday that Iraq is on the verge of increasing production this year to 2.75 million barrels a day in his plans to raise the ceiling of its production in four years, especially since he started building projects, offshore oil would end Through this work, including the current year, as well as update and open two new export via Turkey and Syria.

He said Asim Jihad, said in an interview with Al-Iraqiya, said that “Iraq’s oil production reached so far about 1.8 million barrels a day, and this puts Iraq position comfortable productive and an export, and we expect that foreign companies in collaboration with national companies Stakhtzl period to raise the ceiling of production less than a period of time” .
(more…)

Iraq is a major player in OPEC

Posted: April 4, 2011 in Iraqi Dinar/Politics
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Faris Omar: resulted in licensing rounds organized by the Ministry of Oil since 2008 for the signing of billions of dollars in oil contracts with international companies of different nationalities.

And fired these contracts and plans of the Ministry of oil in the conclusion of more of them expected to double Iraq’s production several times over the years to come.

In this regard, said ministry spokesman Assem Jihad, Oil in an interview with Radio Free Iraq that the ministry is going ahead with projects to increase Iraq’s production to six and a half million barrels per day by 2014.

(more…)

Iraq’s March export rise due to stability

Posted: April 4, 2011 in Iraqi Dinar/Politics
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IRAQ OIL

Sulaimaniyah, April 4 (AKnews) – An official from the Iraqi oil ministry says Iraq’s 9.71%  rise in oil exports in April is due to stability and lack of technical issues.

Iraq’s crude oil exports rose from 61 million barrels in February to 66.929 million barrels in April.

Mu’tasam Akrm, undersecretary of the Iraqi oil ministry told AKnews that The high output resulted from lack of security and technical issues for the oil sector said Akram.
(more…)

Iraq’s oil exports in March up to 2.159 million barrels per day

Posted: April 1, 2011 in Iraqi Dinar/Politics
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Said Falah al-Ameri Chairman of the State Oil Marketing Organisation (Somo) said on Friday that Iraq’s oil exports averaged 2.159 million barrels per day in March …

Al-Ameri added that Iraq exported 1.687 million barrels per day of oil from the port of Basra oil center in the south of the country and 462 thousand barrels per day from the northern fields near the city of Kirkuk, including ten of thousands of barrels per day to Jordan via trucks.

(more…)

Minister of Industry: A plan for the automotive industry in Iraq; Assembly, parts, and retail

Posted: March 24, 2011 in Iraqi Dinar/Politics
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Minister of Industry: a plan to collect nine different brands of cars in Iraq

BAGHDAD / Aswat al-Iraq: A Minister of Industry and Minerals Ahmed Nasser Al-Karbouli, a plan of his ministry to sign the 8 contracts for automotive assembly as well as 9 different brands of cars in Iraq, in addition to the production of tires and batteries.

Karbouli said in a statement quoted by the newspaper statement issued Tuesday, “the Ministry of Industry and Minerals plan to sign the 8 contracts to assemble cars from brands of sherry and Alscanea as well as 9 brands of cars Alhonday and Kinao the Abbey, made half of next year, in addition to the production of batteries, and tires.”

(more…)

Iraq plans to increase oil storage capacity to 7.8 million barrels per day

Posted: March 19, 2011 in Iraqi Dinar/Politics
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19/03/2011

A source in the Iraqi Southern Oil Company that Iraq intends to strengthen its capacity to store oil to reach 7.8 million bpd by the end of this year in light of the implementation of major plans to increase crude oil production and exports.

Nader said Adi Engineer in the company in a press statement: “The Iraq build eight new tanks in the Faw peninsula in the south of the country which will add the storage capacity of 2.8 million barrels per day to the current capacity of Iraq, which amounts to five million barrels a day.”

Iraq: Large movements of oil in the south will improve economy; Oil and gas law launched this session

Posted: February 7, 2011 in Iraqi Dinar/Politics
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There is a movement of oil in the south to export the largest possible quantity of oil to improve the Iraqi economy (Oil and Gas law to be launched this session)

MP for a coalition of state law were part of the National Alliance Kamal Saadi that there is movement of oil in the south to export the largest possible quantity of oil to improve the economy of Iraq.

And Saadi said in a statement singled out by the correspondent of the Agency for News News (et): The operation of oil is an essential part, begun to move on track.

Asserting that “the resumption of oil exports from the region positive step is in the development of the economy and increase of the wills of the State. Adding that” This step is a solution to the forms between the province and the Centre will be the beginning of the agreements for the entire political process.

(more…)

Iraq oil revenue hits year’s high

Posted: December 26, 2010 in Iraqi Dinar/Politics
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Baghdad: Revenue from Iraq’s crude oil exports rose to $4.62 billion (Dh16.9 billion) in November, the highest level this year, the State Oil Marketing Organisation said.

The average oil price for exports was $80.59 a barrel, compared with $77.10 in October and $73.07 in September, SOMO said yesterday.

Revenue from the southern oil hub of Basra climbed to the highest level this year to $3.69 billion with exports of 46 million barrels in November.

(more…)

Expert: Expects oil prices to rise to $100 per barrel

Posted: December 12, 2010 in Iraqi Dinar/Politics
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Baghdad (news) .. expect oil expert Halim Kazem that the price of a barrel of oil over the next year to $ 100 because of progress in the economies of the world market and the needs of the countries of the world to oil.

Kazim said in a statement singled out by the Agency (news) on Sunday: that Iraq is able to export large quantities of oil expected to rise in price of a barrel of oil during the next year to $ 100.

(more…)