Iraq’s crude oil exports during the month of July rose by 114,000 barrels compared to that of June, according to the Oil Ministry’s spokesman on Saturday.
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Minister of Oil Hussein al-Shahrestani said that additional quantities of fuel for electricity generators will be provided ahead of the holy Muslim fasting month of Ramadan.
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Iraq's oil exports in July rose to 2.037 million barrels per day (bpd), the highest level since the U.S.-led invasion in 2003, Falah Alamri, head of the State Oil Marketing Organisation (SOMO) said on Sunday.
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During its Monday session, the Council of Deputy Ministers recommended the conduct of a comprehensive study on a power strategy.
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Energy Minister Taner Yýldýz on Friday said the Iraqi government had announced that the state-run Turkish Petroleum Corporation (TPAO) can take part in a second tender in November to develop its oil and gas fields.
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Iraq agreed to sell larger quantities of oil than it was able to deliver in the first half, which raises the concern of some clients on costly delays in the supplies.
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listed oil and gas explorer Gulf Keystone Petroleum Ltd (GKP.L) shares rose 46 percent on Thursday after it announced a significant oil discovery in Iraq's Kurdish region.
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Reuters cited Mr Ali al-Dabbagh spokesman of Iraqi government as saying that the Iraqi cabinet approved a draft law of the Iraqi national oil company with a capital of USD 341 million
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