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The Iraqi Oil Marketing Company (SOMO) announced today, Sunday, the adjustment of the selling prices of Basra crude for the month of February, as it reduced the price of medium Basra crude directed to Asia with a discount of $1.30 per barrel compared to the average prices of Amman/Dubai, compared to a discount of $1.05 per barrel...
The Border Ports Authority announced today, Sunday, that the Umm Qasr Middle Port port was able to seize two containers containing (14) wheels without the model allowed for import and prepared for smuggling. A proper arrest report was organized and the vehicles were referred to Umm Qasr Police Station...
Today, Saturday, the House of Representatives adjourned its session until tomorrow, Sunday, after a series of decisions and discussions described as important, which included educational issues and the file of non-oil revenues. A statement issued by the Council’s Media Department stated that the session witnessed a vote on the recommendation of...
The Ministry of Electricity said that the loss of about 5,000 megawatts of the national system’s capacity came as a result of the cessation of imported gas supplies, which was reflected in a decrease in supply hours in Baghdad and the governorates, despite the readiness of the stations and the safety of the transmission lines. The ministry added...
The Iraqi embassy in Moscow clarified the circumstances of what was raised regarding the West Qurna/2 oil field and the Russian “Lukoil” company contract, in response to media reports that spoke of the Iraqi authorities’ approval to “nationalize” the field. The embassy said, in a statement, that the West...
The West Qurna 1 Field Operating Authority announced that production capacity will increase to 670 thousand barrels per day during the next year. The Director of the Authority, Farqad Mustafa, explained that the field is the second largest oil field in the south, pointing out that the development phase began in 2010 through...
Today, Thursday, the Real Estate Bank launched loans to purchase housing units, effective November 30. The bank stated in a statement received by Al-Raya that the Or government platform will begin receiving loan applications at 12 noon on Sunday the following...
The Iraqi state oil company “SOMO” canceled the loading of three oil shipments from the Russian company Lukoil’s share in the West Qurna 2 field, due to fears of US and British sanctions on the company. The field produces about 480 thousand barrels per day, and the shipments were...