Iraq shatters export records
The Iraqi state sent about 4 million barrels per day (bpd) into the global oil market in November – including record output from the federal government and strong exports from Continue Reading
Oil payment plan could strengthen Kirkuk-KRG ties
The Kirkuk governorate and the Kurdistan Regional Government (KRG) are negotiating a plan for sharing oil revenues – a deal that could prove vital to the KRG’s oil strategy, while Continue Reading
IOCs Cut Kurdistan CAPEX due to Payment Trouble
DNO, Genel and Gulf Keystone’s combined CAPEX in Kurdistan has fallen considerably as a result of the Kurdistan Regional Government’s lack of payment to producing international oil companies. DNO, Genel Continue Reading
Iraqi Kurdistan pipeline capacity to reach 1 million b/d in 2016: KRG minister
Crude oil is flowing through the Kurdish-controlled Iraq-Turkey pipeline at 650,000-700,000 b/d and the line’s pumping capacity will be lifted to 1 million b/d by 2016, the Kurdistan Regional Government’s Continue Reading
The menace of Shia militia to Kurds and Iraq itself
The recent clashes between Iraqi Shia militia the Popular Mobilization Forces (PMF) and Kurdish Peshmerga in the mixed Kurdish town of Tuz Khurmatu earlier this month was a worrying incident. Continue Reading
Iraqi Kurdistan Delays Oil-Output Target on Cost of Fighting IS
Iraq’s Kurdish region, where Genel Energy Plc and DNO ASA pump oil, delayed a target to produce 1 million barrels a day as the cost of fighting Islamic State militants Continue Reading
Iraq: Oil Exports Reach Their Highest In Decades
Iraq’s November oil exports averaged 3.37 million barrels per day, up from 2.7 million bpd in October and the highest they have been in decades, Reuters reported Dec. 1. However, Continue Reading
Pearl wins $2 billion ruling against KRG
A London tribunal has ruled that the Kurdistan Regional Government (KRG) owes its largest gas investors nearly $2 billion for past production.In an award from the London Court of International Continue Reading
Emirati energy company claims Kurdish win
Emirati energy company Dana Gas said it resolved a dispute with its German partners regarding joint-venture operations in the Kurdish north of Iraq. Dana Gas in November said German energy Continue Reading
Pearl wins $2 billion ruling against KRG
A London tribunal has ruled that the Kurdistan Regional Government (KRG) owes its largest gas investors nearly $2 billion for past production.In an award from the London Court of International Continue Reading