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Honeywell UOP technology selected for new 300K bpd oil refinery in Iraq

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The Iraq State Company for Oil Projects (SCOP), under the Ministry of Oil for Iraq, has selected Honeywell’s UOP to provide key technologies to process 300,000 barrels per day (bpd) of domestic crude oil into gasoline and diesel fuel at a new refinery in Nassiriya, Iraq.

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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

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million barrels over a 45-day period to calm the global oil market in the immediate aftermath of the beginning of the Iraq war. DOE received over 90 offers that resulted in 28 contracts with 15 companies for deliveries of 30,640,000 barrels. President George H. Bush authorized a drawdown of 33.75 2005 Hurricane Katrina Sale.

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EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

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Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

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An OPEC Deal Extension Isn’t As Simple As It Sounds

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And according to Iraq, the agreed-upon cuts have been all about exports all along. But Iraq is uniquely positioned. First, Iraq must contend with the Kurds, as well as international companies, with which it has production agreements that come with penalties for breeching. shale output at the higher oil prices.

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The 5 Countries That Could Push Oil Prices Up

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The ‘Fragile Five’ petrostates—Iran, Iraq, Libya, Nigeria and Venezuela—continue to see supply disruption potential, with northern Iraq crude exports at risk due to an escalation of tensions between the (Kurdistan Regional Government), Baghdad and Turkey, while the United States has decertified the 2015 Iran nuclear deal,” U.S.

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Operating consortium boosts production from giant Iraqi oil field 10%; targeting 1.2M barrels per day within 6 years

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Eni announced the first production milestone under the Zubair Technical Service Contract (TSC) with Iraq’s state-owned South Oil Company (SOC). Other partners are the Iraqi Missan Oil Company (25%), Occidental Petroleum Corporation (Oxy, 23.44%) and Korea Gas Corporation (Kogas, 18.75%).

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Platts Survey: OPEC pumps 31.28M barrels of crude per day in June; highest since Aug 2012

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million barrels per day (b/d) in June, up 170,000 b/d from May and the fourth consecutive monthly increase since February, as Saudi Arabia and Iraq pushed out more oil, a Platts survey of OPEC and oil industry officials and analysts showed Monday. As well as Basrah Light, Iraq is now exporting the newly-introduced Basrah Heavy crude oil.