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By Shwan Zulal: It has been reported in the Sunday Times that former BP boss, Tony Hayward, and his investment vehicle Vallares, which he has set up with Nat Rothschilds, have made a move on the Turkish Genel Enerji. Since leaving BP, Hayward’s fund attracted many inventors including BlackRock, Paulson and Co Hedge fund and…
By Michael Rubin: After years of war, oppression, and uncertainty, Iraqi Kurds have reason for optimism. Under monarchy, republic, and the Baath dictatorship, the central government in Baghdad at best ignored and more often sought to undermine Iraqi Kurdistan’s development. While rumors swirled for decades about oil deposits under Iraqi Kurdistan, Iraqi policy and international…
By Shwan Zulal: While Iraqis struggle to delineate their future in the midst of political deadlock, violence and chaos, the fate of their most valuable asset is being decided behind closed doors. Only recently, the Iraqi deputy prime minister for energy, Hussain Shahristani, made a pact with the EU to export oil and gas through…
By Shwan Zulal: The Kurdistan Region has been in the spotlight since Saddam’s regime was toppled from power by a US-led invasion. It has attracted mainly smaller oil exploration companies, tapping into this largely unexplored oil rich region, which many have described as an oilman’s dream. Bookmark on Delicious Recommend on Facebook Share on Linkedin Tweet…
By Shwan Zulal: The European Union (EU) and Shahristani have announced agreement on exporting oil and gas from Iraq to Europe. The EU secured the deal with Iraq’s deputy prime minister for oil, Hussain Shahristani, opening the door for the EU to receive Iraqi oil and gas after an improved strategic energy partnership was drafted…
By Shwan Zulal Gulf Keystone Petroleum (GKP), a successful oil company operating in the Kurdistan region, has this week issued an update on its operations. The company said that the Kurdistan Regional Government’s Ministry of Natural Resources has asked it to prepare to export up to 5,000 bopd from the Shaikan block. GKP is making all…
By Shwan Zulal: The oil and gas laws in Iraq are set to be delayed once again and there seems to be no political will to resolve the issues holding back some companies investing in Iraqi energy sector. A dispute is brewing and this time it is between the Iraqi parliament and Al-Maliki’s (Nuri Al-Maliki,…
