Space Industry and Business News  
OIL AND GAS
Iraq 'ready' to boost crude exports after Iran waivers end
by Staff Writers
Baghdad (AFP) April 22, 2019

Iraq is ready to boost oil exports by 250,000 barrels a day to compensate for any shortfalls once US sanctions waivers for Iranian oil end, a government official said Monday.

The US last year reimposed tough sanctions against Iran's energy sector but granted select countries six-month waivers to continue importing oil products from Tehran.

Those exemptions will end in early May, the White House announced on Monday.

US President Donald Trump said that Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries (OPEC) would "more than make up" the resulting difference in the oil supply.

Iraq, the cartel's second-largest producer, has the capacity to increase its crude oil exports, a top government official told AFP on Monday.

"We are ready to export another quarter-million barrels daily. The market's needs will become clearer in the coming days," he said.

The official did not say whether Iraq had already discussed the increase with OPEC or with the United States.

The countries that had received exemptions in November were China, India, Japan, South Korea, Turkey, Italy, Greece and Taiwan.

Iraq received a separate waiver that would allow it to continue importing Iranian gas and electricity, crucial to stop up the widespread power shortages in Iraq.

That initial exemption has been extended twice, and is set to end in June.

Iraq last month exported just under 3.4 million barrels per day, after having agreed last year to trim production alongside other producers so that prices would go up.

Oil prices hit a five-month high earlier this month at more than $70 per barrel.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
EU Parliament rejects bid to strip Exxon lobbyists of access
Strasbourg, France (AFP) April 16, 2019
The European Parliament on Tuesday rejected a move to strip ExxonMobil lobbyists of their access badges after the US oil giant missed the assembly's first hearing into claims it knowingly misled the public on climate change. The parliament's secretary general Klaus Welle "found no grounds to seek authorisation to withdraw or de-activate ExxonMobil's access badges, given the absence of formal summons to attend the hearing," according to a copy of his decision obtained by AFP. Welle invited parlia ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Wonder materials: 2D phosphorene nanoribbons and 2D borophene get a closer look

Industrial 3D printing goes skateboarding

China to complete $545 mn modernisation for Tajik smelter

India's ASAT 'Justified'

OIL AND GAS
SLAC develops novel compact antenna for communicating where radios fail

US Army selects Hughes for cooperative effort to upgrades NextGen Friendly Forces System

United Launch Alliance launches WGS-10 satellite for USAF

United Launch Alliance set to launch WGS-10 for US Air Force

OIL AND GAS
OIL AND GAS
Industry collaboration on avionics paves the way for GAINS navigation demonstration flights

Record-Breaking Satellite Advances NASA's Exploration of High-Altitude GPS

China, Arab states eye closer cooperation on satellite navigation to build "Space Silk Road"

Second GPS III satellite arrives at Cape Canaveral ahead of July launch

OIL AND GAS
New research adds to work of Prandtl, father of modern aerodynamics

Boeing awarded $91.2M contract for new computer processors on F-15

GAO: Cost for president's new 23-helicopter fleet drops $234M

Boeing awarded $14B for upgrades to B-1, B-52 Air Force bombers

OIL AND GAS
Singapore and Australian scientists build a machine to see all possible futures

Engineers tap DNA to create 'lifelike' machines

European quantum communications network takes shape

Ushering in ultrafast cluster electronics

OIL AND GAS
UNH researchers find unusual phenomenon in clouds triggers lightning flash

NASA Invites You to 'Picture Earth' for Earth Day

Sun, moon and sea as part of a 'seismic probe'

Astro-ecology: Counting orangutans using star-spotting technology

OIL AND GAS
Airborne plastic particles blanket remote mountains: study

Renting flat-pack furniture? Ikea's push to go green

Hong Kong admits world's largest air purifier choked on debut

Clues emerge in 'missing' ocean plastics conundrum









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.