logo
Iraq exports over 1.6 million barrels of oil to Jordan

Iraq exports over 1.6 million barrels of oil to Jordan

Iraqi News21 hours ago
Baghdad (IraqiNews.com) – Iraq's State Organization for Marketing of Oil (SOMO) revealed that the country's oil exports to Jordan during the first five months of 2025 surpassed 1.6 million barrels.
Iraq's oil exports to Jordan in January, February, March, April, and May reached 1.64 million barrels, a 10.4 percent decline compared to the same period in 2024, when they totaled 1.84 million barrels.
Oil exports to Jordan totaled 309,980 barrels in January, increased to 419,946 barrels in February, fell to 309,765 barrels in March, reached 299,819 barrels in April, and increased to 309,906 barrels in May.
Jordan and Iraq agreed in August 2023 to boost imports from 10,000 to 15,000 barrels per day, or 300,000 to 450,000 barrels per month, representing approximately 10 percent of Jordan's crude oil consumption.
Iraqi oil exports saw minor variations in the first quarter of 2025, as the country adhered to prior production limitations set by OPEC+, particularly with the increase in export quantities during the first two months of the year.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Land Allocated for Economic City in Partnership with Elsewedy Electric
Land Allocated for Economic City in Partnership with Elsewedy Electric

Iraq Business

time9 hours ago

  • Iraq Business

Land Allocated for Economic City in Partnership with Elsewedy Electric

By John Lee. The Iraqi Cabinet has approved the allocation of part of plot (1/89, District 14, Al-Haswa), currently owned by the Ministry of Finance and designated for the Ministry of Defence, based on the Defence Ministry's actual land needs. A total of 2,400 dunams will be allocated to the Iraq Development Fund to contract with Elsewedy Electric for the establishment of an economic city, under the terms of a Memorandum of Understanding signed by both parties. The remaining land will be allocated to the National Investment Commission (NIC) for the development of large-scale economic cities. The Cabinet also approved an exemption from Cabinet Decision No. 169 of 2022 for this land allocation. (Source: PMO)

Kurdistan accuses Baghdad of systematic discrimination
Kurdistan accuses Baghdad of systematic discrimination

Shafaq News

time10 hours ago

  • Shafaq News

Kurdistan accuses Baghdad of systematic discrimination

Shafaq News – Erbil A senior official in the Kurdish government (KRG) accused the federal government in Baghdad on Thursday of systematically stripping the Region's citizens of their basic rights over the past three years, describing the ongoing salary crisis as only one aspect of broader political and economic injustices. In a statement, the official said it was 'regrettable' that public sector salaries in Kurdistan had become a tool of political pressure. He characterized Baghdad's approach as a deliberate strategy of impoverishment and a flagrant violation of the Iraqi constitution, aimed at undermining the dignity of Kurdish citizens and deepening national divisions. The official cited figures to illustrate the shortfall in financial transfers. In 2023, the federal government sent only 4.698T IQD (about $3.5B) to the Region—representing just 28.5% of what was owed. In 2024, that figure rose to 10.026T IQD (about $7.6B), covering 47.9% of entitlements. So far in 2025, only 3.829T IQD (about $3B) have been received, which accounts for just 18.3% of the Region's 20.910T IQD (about $15.9B) entitlement. According to the KRG, no less than one trillion dinars should be transferred each month. However, the salary issue is only one part of what the official described as a larger pattern of federal discrimination. Since 2014, the KRG has been barred from hiring new public employees, while Baghdad added more than a million to the federal payroll in a single year. Despite multiple agreements to resume oil exports from the Kurdistan Region, Baghdad has continued to obstruct shipments, while allowing illegal oil flows to proceed elsewhere in the country. The Region's border crossings and internal revenues have also been targeted, with trade movements restricted and local economies undermined. Kurdistan-produced goods, both agricultural and industrial, are being blocked from export, and subject to customs tariffs the KRG deems illegal. The official added that the Region is being denied access to medical supplies and equipment, even though more than 40% of patients in its hospitals come from outside Kurdistan. Furthermore, Baghdad has reportedly excluded the Region from international loans and humanitarian assistance. Even visits by UN agencies and NGOs have been restricted. Salaries and support for the Kurdish Peshmerga forces—recognized as part of Iraq's national defense—have been cut. Aid for refugees and displaced persons within Kurdistan has also been blocked, as has access to assistance from global organizations. The official also noted discrimination in agricultural support policies, pointing to Baghdad's restrictions on wheat purchases from Kurdish farmers, even as it subsidizes growers elsewhere and imports wheat from abroad at significant cost. He concluded by calling for a 'brave national stance' to correct what he described as a dangerous imbalance. 'All Iraqis must respect the constitution and recognize the Kurdistan Region's rights as a federal entity,' he said. 'Kurdistanis must not be treated as second-class citizens. Weakening the Region does not strengthen Iraq—it weakens the entire country.'

KRG calls for resumption of oil exports, salary payments
KRG calls for resumption of oil exports, salary payments

Rudaw Net

time14 hours ago

  • Rudaw Net

KRG calls for resumption of oil exports, salary payments

Also in Kurdistan Explosive-laden drone intercepted near Erbil airport Duhok forest catches fire Explosive-laden drone crashes in Sulaimani province President Barzani, UNAMI chief discuss regional developments A+ A- ERBIL, Kurdistan Region - The Kurdistan Region's Council of Ministers met on Wednesday to reiterate Erbil's 'full readiness' to cooperate with Baghdad for resuming the long-stalled Kurdish oil exports and 'to cut all of Baghdad's excuses and pretexts' for not sending the Region's salaries. 'The Kurdistan Region has implemented and exceeded any commitment imposed upon it, showing all flexibility for resuming oil exports, therefore, we expect Baghdad to end its policy of not sending salaries,' the Kurdistan Regional Government (KRG) said in a statement. Oil exports from the Kurdistan Region through the Iraq-Turkey pipeline have been suspended since March 2023, following a ruling by a Paris arbitration court that found Turkey had violated a 1973 pipeline agreement by allowing Erbil to export oil without Baghdad's approval. In February, Iraq's parliament amended the federal budget law to include a $16-per-barrel fee to cover production and transportation costs for international oil companies (IOCs) operating in the Kurdistan Region. The amendment also requires Baghdad and Erbil to jointly appoint an international consultancy to audit and assess these costs. If no consensus is reached, the Iraqi cabinet will choose the firm. 'The Kurdistan Region and oil companies have shown full readiness to cooperate with the federal government for resuming oil exports, all in order to cut all of Baghdad's excuses and pretexts for withholding salaries to Kurdistan's employees,' the statement said. The Council of Ministers also stressed that Erbil is ready to resume oil exports through Iraq's State Oil Marketing Organization (SOMO) 'and to return the Kurdistan Region's oil sales revenue to the federal finance ministry.' Tensions between Erbil and Baghdad intensified in late May when the federal finance ministry suspended all budget transfers to the KRG, including the salaries of more than 1.2 million public employees. The ministry cited the KRG's alleged overspending beyond its 12.67 percent share of the 2025 federal budget. Kurdish political parties have strongly condemned the suspension, describing it as unconstitutional and politically driven. 'Baghdad must end its policy of not sending salaries to the people of Kurdistan, as salaries are a normal, legal, and constitutional right of the Region's employees, and according to all laws and regulations, they should not be deprived of this right under any pretext,' the KRG stated. Washington is also pushing for the resumption of oil exports. On Tuesday, a State Department spokesperson told Rudaw that restarting the exports 'is critical,' adding, 'This is unacceptable. We have repeatedly urged all parties to resolve their issues and will not accept an indefinite delay.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store