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India basmati rice exporters get requests for early shipments Indian rice exporters have been receiving requests from buyers to advance shipments of basmati rice after New Delhi banned exports of non-basmati white rice to dampen local prices, industry officials told Reuters. The world's biggest exporter of rice surprised buyers earlier this month by imposing a ban on exports of non-basmati white rice after retail rice prices climbed 3% in a month after late but heavy monsoon rains caused significant damage to crops. "Buyers are requesting...
India basmati rice exporters get requests for early shipments
India basmati rice exporters get requests for early shipments
Source: Reuters
31/07/2023 4:07:55 PM
SEPC touches roof on completing integrated Al Qibla Project in Iraq SEPC is currently trading at upper limit of Rs. 8.05, up by 0.33 points or 4.27% from its previous closing of Rs. 7.72 on the BSE. The scrip opened at Rs. 7.72 and has touched a high and low of Rs. 8.10 and Rs. 7.72 respectively. So far 1111466 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.83 on 10-Mar-2023 and a 52 week low of Rs. 6.27 on 07-Nov-2022. Last one week high and low of the scrip stood at Rs. 8...
SEPC touches roof on completing integrated Al Qibla Project in Iraq
SEPC touches roof on completing integrated Al Qibla Project in Iraq
Source: Accord Fintech
12/06/2023 11:43:30 AM
Jordan, Iraq renew crude supply deal Jordan and Iraq reached have a deal to renew the export of Iraqi crude to the kingdom under preferential terms, Jordan's Ministry of Energy and Mineral Resources said in a statement. The deal was signed by Jordan's Minister of Energy and Mineral Resources Saleh Al Kharabsheh and Iraqi Minister of Oil Hayan Abdul Ghani in Baghdad on Thursday, Xinhua news agency reported. Under the deal, Jordan will start importing 10,000 barrels of crude per day for a period of a year starting fr...
Jordan, Iraq renew crude supply deal
Jordan, Iraq renew crude supply deal
Source: IANS
5/05/2023 10:05:49 AM
Iraqi PM inaugurates Karbala oil refinery Iraqi Prime Minister Mohammed Shia' al-Sudani has inaugurated the Karbala oil refinery which was built with a production capacity of 140,000 barrels per day, according to a statement from his office. The refinery, located in the south of Karbala City, nearly 110 km south of Baghdad, includes 33 operational, service, and storage units, as well as a warehouse and a station for pumping products to external depots and gas filling stations, Xinhua news agency reported. The refinery also ...
Iraqi PM inaugurates Karbala oil refinery
Iraqi PM inaugurates Karbala oil refinery
Source: IANS
2/04/2023 10:44:38 AM
Iraq exports over 100 mn barrels of crude oil in March Iraq exported about 100.91 million barrels of crude oil in March, generating $7.4 billion in revenue, the country's Oil Ministry announced. The average price for Iraqi crude oil in March was 73.37 dollars per barrel, the Ministry said in a statement on Saturday, citing statistics from the State Organisation for Marketing of Oil, an Iraqi company. About 98.87 million barrels were exported from oil fields in central and southern Iraq through the port of Basra, while nearly 2 million b...
Iraq exports over 100 mn barrels of crude oil in March
Iraq exports over 100 mn barrels of crude oil in March
Source: IANS
2/04/2023 10:13:19 AM
Iran, Iraq sign security cooperation agreement Iran and Iraq have signed an agreement on security cooperation in Baghdad. The deal was signed on Sunday by visiting Secretary of Iran's Supreme National Security Council (SNSC) Ali Shamkhani and Iraq's National Security Adviser Qasim al-Araji following their meeting earlier in the day, in a ceremony also attended by Iraqi Prime Minister Mohammed Shia' al-Sudani. According to the IRNA news agency, the agreement, prepared over the past months, will have an important role in h...
Iran, Iraq sign security cooperation agreement
Iran, Iraq sign security cooperation agreement
Source: IANS
20/03/2023 9:24:00 AM
Egyptian president, Iraqi Prime Minister meet on bilateral, regional affairs Egyptian President Abdel-Fattah al-Sisi met with visiting Iraqi Prime Minister Mohammed Shia' al-Sudani here to discuss issues of mutual interest. During the meeting on Sunday, the two leaders agreed that sustained coordination is a must for facing challenges and restoring peace and stability in the region, according to the Egyptian Presidency. Sisi highlighted Egypt's unwavering support for Iraq and its people at all levels, particularly in the fight against terrorism and for t...
Egyptian president, Iraqi Prime Minister meet on bilateral, regional affairs
Egyptian president, Iraqi Prime Minister meet on bilateral, regional affairs
Source: IANS
6/03/2023 10:03:02 AM
Iraq raises currency value to limit impact of USD appreciation The Iraqi government has decided to raise the value of the Iraqi dinar against the US dollar to limit the impact of the dollar's appreciation on Iraqi citizens. The decision was announced after a meeting of the Iraqi Council of Ministers headed by Prime Minister Mohammed Shia' al-Sudani, which decided to raise the value of Iraq's currency to 1,300 Iraqi dinars for one US dollar, up from 1,450 dinars, said al-Sudani's media office in a statement on Tuesday. Meanwhile, a s...
Iraq raises currency value to limit impact of USD appreciation
Iraq raises currency value to limit impact of USD appreciation
Source: IANS
8/02/2023 12:42:55 PM
India's basmati rice exports could jump 15% as key buyers stock up India's exports of premium basmati rice are likely to jump 15% over last year as key buyers in the Middle East build their inventories despite prices jumping by nearly a quarter, leading exporters told Reuters. Higher basmati exports would keep local prices firm, helping Indian farmers earn more by pushing paddy prices up to a record high. "After the Ukraine war, buyers are afraid of a sudden supply disruption. Every buyer is trying to have enough stocks," said Vijay Setia...
India's basmati rice exports could jump 15% as key buyers stock up
India's basmati rice exports could jump 15% as key buyers stock up
Source: Reuters
30/11/2022 5:38:13 PM
India's Iraqi oil imports fall to lowest in 20 months - trade sources -India's oil imports from Iraq plunged to a 20-month low in October as refiners continued to buy discounted Russian barrels and boosted purchases of West African crude, preliminary tanker arrival data obtained from trade sources showed. The world's third-biggest oil importer and consumer bought 907,500 barrels per day (bpd) of oil in October from its top supplier Iraq, a decline of 9.6% from a year earlier and the lowest since February 2021, the data showed. India's oil impo...
India's Iraqi oil imports fall to lowest in 20 months - trade sources
India's Iraqi oil imports fall to lowest in 20 months - trade sources
Source: Reuters
11/11/2022 9:03:11 AM
Iraq exports over 100 mn barrels of crude oil in October  Iraq exported 104.83 million barrels of crude oil in October, generating $9.25 billion in revenue, the country's Oil Ministry has announced. The average price for Iraqi crude oil in October was 88.31 dollars per barrel, the Ministry said in a statement on Tuesday, citing statistics from the State Organisation for Marketing of Oil. A total of 102.7 million barrels were exported from oil fields in central and southern Iraq through the Port of Basra, while more than 2 million bar...
Iraq exports over 100 mn barrels of crude oil in October
Iraq exports over 100 mn barrels of crude oil in October
Source: IANS
2/11/2022 4:15:20 PM
Iraq`s forex reserves hit record high as oil prices soar Iraq's foreign exchange reserves have surpassed $87 billion, the highest level the central bank has seen since its establishment in 1947, local media reported. "The financial reserves (of foreign currency) in the Iraqi Central Bank (ICB) reached the highest level and are expected to exceed $100 billion in the future," Xinhua news agency quoted Ihsan al-Yaseri, an ICB advisor, as saying to local media. The country's foreign exchange reserves have increased thanks to the...
Iraq`s forex reserves hit record high as oil prices soar
Iraq`s forex reserves hit record high as oil prices soar
Source: IANS
30/09/2022 4:09:45 PM
Oil prices steady on prospect of balancing supply after steep selloff Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in the U.S. dollar, tempered an earlier selloff. Brent crude futures rose 26 cents, or 0.3%, to $84.32 per barrel by 0033 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 19 cents at $76.90 per barrel. Both benchmarks sank by about $2 a barrel on Monday, largely on U.S. dollar strength. Iraq Oil Minister Ihsan Abd...
Oil prices steady on prospect of balancing supply after steep selloff
Oil prices steady on prospect of balancing supply after steep selloff
Source: Reuters
27/09/2022 8:38:53 AM
India's future crude oil supplies will mostly come from Gulf -oil minister  India's minister of petroleum and natural gas, Hardeep Singh Puri, said most of his country's crude oil supplies in the near future will come from the Gulf countries, including Saudi Arabia and Iraq, as it seeks a secure and affordable energy base. Indian refiners have been snapping up relatively cheap Russian oil, shunned by Western companies and countries since sanctions were imposed against Moscow for what it calls a "special military operation" in Ukraine. In...
India's future crude oil supplies will mostly come from Gulf -oil minister
India's future crude oil supplies will mostly come from Gulf -oil minister
Source: Reuters
6/09/2022 9:32:53 AM
Saudi Arabia, Iraq sign electric power grids deal Saudi Arabia and Iraq have signed an electric power grids deal to boost economic cooperation. The deal was signed between Saudi Energy Minister Prince Abdulaziz bin Salman Al Saud and Iraqi Oil Minister Ihsan Abdul Jabbar on Friday, the Saudi Press Agency reported. Abdulaziz said that apart from enhancing bilateral economic ties, the signing of the deal will help establish Saudi Arabia as a regional hub for electric power grids and attract investment in the country's electricity gen...
Saudi Arabia, Iraq sign electric power grids deal
Saudi Arabia, Iraq sign electric power grids deal
Source: IANS
16/07/2022 1:39:00 PM
Iraqi PM to visit Iran, Saudi Arabia soon Iraqi Prime Minister Mustafa al-Kadhimi is scheduled to pay an official visit in the upcoming days to Iran before heading to Saudi Arabia for talks with leaders of the two countries, an official news agency has reported. The state-run Iraqi News Agency (INA) quoted sources as saying that the two trips will take place within the framework of direct talks between Iran and Saudi Arabia that were held previously in Baghdad, Xinhua news agency reported. During his upcoming visits, al-Kadhimi...
Iraqi PM to visit Iran, Saudi Arabia soon
Iraqi PM to visit Iran, Saudi Arabia soon
Source: IANS
26/06/2022 10:46:10 AM
Iraq seeks to raise oil production to 8 mn bpd by 2027 Iraq seeks to raise its crude oil production to 8 million barrels per day (bpd) by the end of 2027 to fulfil its commitment to export quota within the Organisation of the Petroleum Exporting Countries (OPEC), Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail said. "Iraq is working to increase its capabilities to raise its oil production capacity, and we have large projects to increase production, and we are committed to reaching the peak production of 8 million bpd by the end of 2027,"...
Iraq seeks to raise oil production to 8 mn bpd by 2027
Iraq seeks to raise oil production to 8 mn bpd by 2027
Source: IANS
20/06/2022 8:27:43 AM
Iraq exports 101 mn barrels of crude oil in April Iraq exported about 101 million barrels of crude oil in April, bringing in revenues of $10.55 billion, the Oil Ministry said. The average selling price for crude oil in April was $104.09 per barrel, according to a Ministry statement, citing statistics from the State Organization for Marketing of Oil, reports Xinhua news agency. A total of 98.1 million barrels were exported from oil fields in central and southern Iraq via the Port of Basra, and about 2.99 million barrels from the norther...
Iraq exports 101 mn barrels of crude oil in April
Iraq exports 101 mn barrels of crude oil in April
Source: IANS
2/05/2022 11:53:53 AM
BHEL jumps on bagging order for compressor package from Iraq Bharat Heavy Electricals is currently trading at Rs. 50.35, up by 1.25 points or 2.55% from its previous closing of Rs. 49.10 on the BSE. The scrip opened at Rs. 49.50 and has touched a high and low of Rs. 50.70 and Rs. 49.40 respectively. So far 1767441 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 79.50 on 09-Jun-2021 and a 52 week low of Rs. 43.00 on 19-Apr-2021. Last one week high and low of the scrip stoo...
BHEL jumps on bagging order for compressor package from Iraq
BHEL jumps on bagging order for compressor package from Iraq
Source: Accord Fintech
30/03/2022 1:38:29 PM
Oil highest since 2014 as Turkey outage adds to tight supply outlook LONDON   -Oil prices rose for a fourth day on Wednesday after a fire on a pipeline from Iraq to Turkey briefly stopped flows, increasing concerns about an already tight short term supply outlook. Brent crude futures rose 48 cents, or 0.6%, to $87.99 a barrel at 1245 GMT, adding to a 1.2% jump in the previous session. The benchmark contract touched $89.05, its highest since Oct. 13, 2014. U.S. West Texas Intermediate (WTI) crude futures climbed 66 cents, or 0.8%, to $86.09 a ba...
Oil highest since 2014 as Turkey outage adds to tight supply outlook
Oil highest since 2014 as Turkey outage adds to tight supply outlook
Source: Reuters
19/01/2022 8:08:37 PM
Iraqs crude exports exceed 98mn barrels in November Iraqi Ministry of Oil has said that the country exported 98.19 million barrels of crude oil in November, bringing in revenues of about $7.59 billion. The average selling price for crude oil in November was $77.33 per barrel, according to a Ministry statement, citing statistics of the State Organization for Marketing of Oil. Nearly 95.86 million barrels were exported from oil fields in central and southern Iraq through the Port of Basra, while about 2.32 million barrels from the northern...
Iraqs crude exports exceed 98mn barrels in November
Iraqs crude exports exceed 98mn barrels in November
Source: IANS
2/12/2021 9:12:06 AM
Iraq signs deal with France's Total on 4 energy projects Iraq has signed a deal worth $27 billion with French oil and gas company Total on four energy projects, according to a statement released by the Prime Minister's Office. The deal, signed on Sunday, includes three contracts between the Iraqi Ministry of Oil and Total to develop the oil field of Artawi in the southern province of Basra, while the fourth was signed between the Ministry of Electricity and Total to establish a solar energy project, reports Xinhua news agency. The French ...
Iraq signs deal with France's Total on 4 energy projects
Iraq signs deal with France's Total on 4 energy projects
Source: IANS
6/09/2021 1:44:58 PM
Iraq signs deal to drill 96 oil wells Iraq has signed a contract to drill 96 oil wells in the West Qurna-1 oil field located in the southern province of Basra to raise the production, according to a statement by the Ministry of Oil. The state-run Basra Oil Company and the contractors for the West Qurna-1 oil field, ExxonMobil company and the US' Schlumberger International, signed the contract on Thursday, reports xinhua news agency. Minister of Oil Ihsan Abdul-Jabbar Ismail said during the signing ceremony that the cont...
Iraq signs deal to drill 96 oil wells
Iraq signs deal to drill 96 oil wells
Source: IANS
18/06/2021 11:30:57 AM