The Iraqi Ministry of Oil and the Basra Oil Company decided on Tuesday to reduce production and pumping at the southern Rumaila field by 100 percent due to international political developments and the closure of the Strait of Hormuz. The company's operations authority stated in a statement that as a result of international political events and the subsequent closure of the Strait of Hormuz, disruption of international navigation, and the reluctance of oil tankers to enter the Gulf basin, along with the unavailability of tankers at southern ports and the suspension of loading at some storage facilities, it was decided to reduce production and pumping by 100 percent from the southern Rumaila field starting Tuesday evening. It also noted that all these factors have led to an increase in oil stockpiles in the storage facilities.
Algeria ranked first among naphtha suppliers to the Republic of Korea in the first half of 2026, with a share of over 17 percent of the country's imports, according to data from the Korea International Trade Association (KITA).
Algeria ranked first among naphtha suppliers to the Republic of Korea in the first half of 2026, with a share of over 17 percent of the country's imports, according to data from the Korea International Trade Association (KITA).
The declaration of social insurance interests then disappearing in three months and returning at the beginning of July coincided with the period of processing import files, including workers, capacities, and demand size... All data became comparable. Sources from the foreign trade sector revealed striking numerical indicators that appeared during the analysis of data from some companies involved in import files, most notably the registration of workers with social security services during the period from January to March 2026, before the declarations of workers completely disappeared during April, May, and June, then returned again starting from July and continued until the end of September, coinciding with the period known for the submission and study of program files.
News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.