Explosion causes Kurdish power outages
Emirati energy company Dana Gas said no injuries were reported when a natural gas pipeline in the Kurdish north of Iraq ruptured near Kirkuk, causing outages. Dana said gas flows Continue Reading
Iraq exports rebound but oil price does not
Iraq posted its second-best monthly export rate ever, but oil sales have not risen steeply enough to offset lower oil prices.Excluding oil sold by the Kurdistan Regional Government (KRG), which Continue Reading
Mosul dam flows, returning power to IS held city below
The Iraqi government restarted electricity and water supplies to Mosul on Saturday, as engineers running the Mosul hydroelectric dam re-opened its main gates, fearing the barrier wall could otherwise collapse.Turning Continue Reading
Battered by War, Iraq Now Faces Calamity From Dropping Oil Prices
A collapse in the price of oil, which accounts for more than 90 percent of the Iraqi government’s revenue, points to even tougher times ahead. Credit Essam Al-Sudani/Reuters BAGHDAD — Continue Reading
UPDATE: Explosion shuts down critical Kurdistan gas pipeline
An explosion early morning Friday has damaged a section of the gas pipeline that is necessary for generating about half of the electricity in Iraq’s autonomous Kurdistan region.”The gas pipeline Continue Reading
Once fixable, Baiji refinery plundered beyond repair
It once provided half of Iraq’s refined fuel, but now the Baiji refinery is gone. The country’s largest oil refinery was damaged significantly in scores of attacks by the self-proclaimed Continue Reading
Protesters halt oil tankers in Erbil
Around 50 protestors are blocking an oil trucking route south of Erbil city, the latest sign of growing public discontent over Kurdistan’s economic problems and unpaid salaries. The rally, staged Continue Reading
Iraqi Kurds Plan Independence Vote Before Before U.S. Election
Iraqi Kurdish leaders plan to hold a referendum on the region’s independence by November, an official said on Wednesday, in a move that could lead to the break-up of OPEC’s Continue Reading
Kurdish oil player Genel sees trouble ahead
Kurdish oil player Genel Energy said it was optimistic for 2016, but recognized macroeconomic pressures and strains from regional security may persist. Genel offered an update before the March 3 Continue Reading
Iraq oil sales at record, unaffected by Iran’s return to market
Iraq’s plan to increase oil output this year will go ahead, with exports running in January at a record level and unaffected by Iran’s return to the market, Iraqi Oil Continue Reading