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KT News and Comment: Gorran MP Ismaeel Galali has resigned his seat in the Kurdistan parliament. In a resignation letter yesterday Galali cited health issues as the main reason for his decision. He also said that he does not want to spoil his legacy, having sacrificed a lot for the Kurdish nation. His resignation follows the…
KT News: Following the visit by a Kurdistan Regional Government (KRG) delegation to Baghdad – headed by KRG natural resources minister Ashti Hawrami and under the supervision of Iraqi deputy prime minister Roz Nuri Shaways – Baghdad and Hawler have reached a preliminary agreement, due to be ratified by their respective cabinets, on the main points…
News from KT: The Iraqi parliament has set up a committee to try and resolve the protracted oil and energy disputes between the central government and the Kurdistan Regional Government (KRG). The committee has 12 members from different political groups represented in the parliament. It has been tasked with drafting new legislation in respect of oil…
News and Comment by KT: Kurdistan Regional Government (KRG) natural resources minister Ashti Hawrami has announced that the KRG will take over responsibility for paying the liabilities owed to oil companies operating in Kurdistan. Two months ago the Iraqi government refused to pay liabilities of $1.5 billion to foreign companies, under the pretext that the…
News from KT: Sources close to the international oil industry have told Al Hayat, a Saudi newspaper printed in London, that more oil companies are willing to go to the south of Kurdistan for oil exploration and investment The same source confirmed that Chevron had wanted to start operating in Kurdistan without any delay although…
News from KT: Iraqi Energy Minister Hussain Shahristani has announced plans to cut the Kurdistan Regional Government’s (KRG) budget from central government in response to the announcement by its advisors that the KRG is exporting crude oil to Turkey. Turkey is importing the crude oil from the Kurdistan Region because it can no longer do…
News and Comment by KT: According to natural resources minister Dr Ashti Hawrami, the Kurdistan Regional Government (KRG) has started exporting crude oil by truck to Turkey in order to provide basic services to the people of Kurdistan. “If we need to, we will export oil to Iran,” Seerwan Abubaqr, a spokesman for the ministry, added. “We will continue…
By Shwan Zulal: This article first appeared on Niqash In May, Turkey and Iraqi Kurdistan announced they would build pipelines taking oil and gas from Iraq into Turkey, then possibly Europe. But behind the energy dream lurks a nightmare of militant Kurdish independence fighters and the spectres of energy giants, Iran and Russia. To some…
By Shwan Zulal: First published by EUCERS (European Centre for Energy and Resource Security) While crude is hovering above $100 per barrel, the rhetoric against Iran is ratcheting up, followed by the US and EU sanctions against the regime. With Iranian exports being halted, global oil spare capacity is being squeezed. The Iraqi oil supply…
News from the Kurdistan Tribune: Further to our recent report, the Ministry of Natural Resources has today halted oil exports from Kurdistan and told the Iraq government in Baghdad that, until it pays foreign oil companies $1.5 billion owed for their work, the Kurdistan Regional Government (KRG) is not obliged to open the pipeline for…
News from The Kurdistan Tribune: The dispute between the Iraqi federal government and the KRG could cause a halt to oil exports from Kurdistan. According to sources close to the KRG minister for natural resources, exports of crude oil have fallen to 50,000 barrels a day from a peak of 175,000 barrels a day. Bookmark…
News from The Kurdistan Tribune: The body of petroleum engineer Tariq Karem was this morning extracted from an oil reservoir in the Sulaymani region 26 hours after he fell into it. A local police spokesman said the body has been sent for a post-mortem. Tariq Karem was carrying out his duties during the Newroz bank holiday…
By Shwan Zulal: This article first appeared on Niqash Estimated to have one of the largest oil reserves in the world, Iraq could be the major player in the world’s oil industry. But up until now, things have not been going as well as expected. So what’s the problem? Bookmark on Delicious Recommend on Facebook Share on Linkedin Tweet…
News and Comment by The Kurdistan Tribune: Ashti Hawrami, the Kurdistan Regional Government (KRG) Minister for Natural Resources, has told Reuters that the KRG’s contract with Exxon Mobil is significant because it is the first time that a company of its size and capacity has come to Kurdistan for oil exploration. Bookmark on Delicious Recommend…
By Shwan Zulal: This article first appeared on Niqash The furore over the contract signed by US oil giant Exxon with Iraqi Kurdistan is another sign that Iraq urgently needs a new oil and gas law. As this primer explains, the lack of this law could well be a sign that the dream of a…
