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Iraq Oil Exports Unaffected by Political Turmoil

An armed member of Saraya al-Salam (Peace Brigade), the military wing affiliated with Shiite cleric Moqtada al-Sadr, takes aim during clashes with Iraqi security forces in Baghdad's Green Zone on August 30, 2022. (AFP)
An armed member of Saraya al-Salam (Peace Brigade), the military wing affiliated with Shiite cleric Moqtada al-Sadr, takes aim during clashes with Iraqi security forces in Baghdad's Green Zone on August 30, 2022. (AFP)
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Iraq Oil Exports Unaffected by Political Turmoil

An armed member of Saraya al-Salam (Peace Brigade), the military wing affiliated with Shiite cleric Moqtada al-Sadr, takes aim during clashes with Iraqi security forces in Baghdad's Green Zone on August 30, 2022. (AFP)
An armed member of Saraya al-Salam (Peace Brigade), the military wing affiliated with Shiite cleric Moqtada al-Sadr, takes aim during clashes with Iraqi security forces in Baghdad's Green Zone on August 30, 2022. (AFP)

Iraq's oil exports are unaffected by the current political turmoil in the country, three sources told Reuters on Tuesday.

Baghdad is seeing its worst fighting for years as clashes between Shiite groups spill into a second day.

Supporters of Shiite cleric Moqtada al-Sadr have surrounded the Majnoon oil field in Basra since Monday evening as well as the 210,000 barrel per day (bpd) Basrah refinery, according to two sources.

But protesters are expected to leave these areas shortly after Sadr told supporters to withdraw from violent clashes, one of the sources said.

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Oman LNG Delivers First Shipment to Shell

A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
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Oman LNG Delivers First Shipment to Shell

A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)

Oman LNG on Tuesday announced the successful loading of its first liquefied natural gas (LNG) cargo to Shell under its new long-term agreements, marking a significant milestone in the company’s strategy to expand its global market reach and reinforce Oman’s position as a leading LNG supplier.
According to Oman News Agency, the ceremonial event took place at Oman LNG’s state-of-the-art facility in Sur, under the auspices of Salim al Aufi, Minister of Energy and Minerals, alongside senior officials from Oman LNG and Shell.
Aufi, in his remarks, emphasized the importance of this milestone, saying, “Today’s shipment is not merely a delivery but a testament to Oman’s commitment to energy security, global collaboration, and sustainable economic growth. It also reflects the strong partnership between Oman LNG and Shell, built on mutual trust and a shared vision.”

Shell, as the largest offtaker under these new agreements, plays a pivotal role in Oman LNG’s strategic plans for sustained growth and market expansion.

Oman LNG’s CEO, Hamad al Naamany, highlighted the significance of this shipment, saying, “We are embarking on a 10-year concession extension with market leaders in LNG and energy. Our growth is aligned with Oman’s vision and adapted to the evolving global energy market demands. Our partnership with Shell continues to thrive, contributing to Oman’s economic diversification goals.”