Sun. AM KTFA News Articles 10-16-22



Samson » October 16th, 2022

Is Russian gas flowing towards Iraq?

15th October, 2022

The Iranian Assistant Minister of Oil for International Affairs, Ahmed Asadzadeh, stated that the Russian gas within the framework of the swap agreement with Iran could be directed to Azerbaijan, Armenia, Turkey, Iraq, Pakistan and other countries

The Iranian official added that the potential volume of Russian gas supplies only through northern Iran is estimated at 50 million cubic meters of gas per day

Asadzadeh said: “Negotiations took place and the two parties exchanged agreements, there are only some implementation problems that will be resolved soon, and I hope that we can receive gas from Russia through the northern part of our country.

Then this gas can be sent in the form of an exchange of supplies to other countries in The region, for example, Azerbaijan, Armenia, Turkey and Iraq, can also go to southern Iran for export to the Gulf countries that need gas and to countries such as Pakistan and others


The Assistant Minister of Oil indicated that “Iran in this field can present various models for working with Russia as barter, trade or transit

Earlier, the National Iranian Oil Company signed a memorandum of understanding with Russia’s “Gazprom” that provides for investments worth $40 billion in oil and natural gas fields in Iran LINK

More than half..a decline in Iraq’s oil exports to America within a week

16th October, 2022

On Sunday, the US Energy Information Administration announced that Iraq’s oil exports have more than halved during the past week

The administration said in a report, “The average US imports of crude oil during the past week from eight countries amounted to 5.117 million barrels per day, down by 103 thousand barrels per day compared to the previous week, which amounted to 5.220 million barrels per day

She added that Iraq’s oil exports to America amounted to an average of 109 thousand barrels per day last week, down by more than half from the previous week, when oil exports to America reached an average of 275,000 barrels per day


She also indicated that “most of America’s oil revenues during the past week came from Canada, at a rate of 3.300 million barrels per day, followed by Mexico at a rate of 759 thousand barrels per day, and oil revenues from Saudi Arabia at a rate of 370 thousand barrels per day, and then Colombia at a rate of 242 thousand barrels per day

According to the administration, the amount of US imports of crude oil from Ecuador amounted to an average of 136 thousand barrels per day, and from Brazil at a rate of 111 thousand barrels per day, and from Libya at a rate of 90,000 barrels per day, while no amount was imported from Russia or Nigeria


Iraq is the fifth largest importer of goods from Kuwait

16th October, 2022
Kuwaiti official statistics revealed that Iraq ranked fifth as the largest importer of non-oil goods from Kuwait in 2021.

The Kuwaiti foreign trade statistic showed, “Kuwait exported non-oil goods to 15 countries, with a value of 20.6 billion dinars during 2021.”

She added that Iraq imported non-oil goods from Kuwait with a financial value of 152.3 million Kuwaiti dinars during the past year 2021, to be the fifth largest importer of them, while the UAE obtained the largest share of non-oil exports, with about 243 million dinars, while Saudi Arabia came after 219.65 million dinars, followed by China with 215 million dinars.

India came fourth with a value of 211.7 million dinars, while Pakistan came sixth with a value of 94.16 million dinars.

One dollar equals 0.31 Kuwaiti dinars.  LINK

Source: Dinar Recaps



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