Tag: Kurdistan

Tanker’s fate unresolved after historic deal

Lawyers representing Baghdad and Erbil met for 20 minutes behind closed doors with a U.S. federal judge on Wednesday to discuss the case involving a tanker carrying Kurdish crude that has been trapped in legal limbo since late July but no action was taken.  More »

Oil rally fizzles as Kurds reach deal on exports with Iraq

The deal allows the shipment of 300,000 barrels a day of Iraqi Kirkuk blend to Turkey’s Mediterranean port of Ceyhan along a pipeline operated by the Kurds.  More »

Iraq reaches major oil deal with Kurds

Earlier this year, Baghdad cut the 17 percent of the state budget that is supposed to go to the Kurdish region.  More »

Oil trims rally as investors weigh OPEC’s inaction on supply

Futures dropped as much as 1.4 percent in London, decreasing for the sixth time in seven days.  More »

Marathon Oil, Total strike oil in Kurdistan

The Houston-based independent oil and gas company said Monday that the Jisik-1 exploration well discovered multiple stacked oil and natural gas producing zones at its Harir Block in the northern reaches of Iraq.  More »

Iraqi ambassador says negotiations continue with Kurdistan over oil

Iraq’s ambassador to the United States said Friday that he “sees positive signs” in the recently launched negotiations between Iraq and Kurdistan regarding oil revenue-sharing agreements, among other points of dispute.  More »

Islamic State fuels terrorist operations with oil production

Oil production has provided the extremist Sunni group with a significant source of revenue, even though the Islamic State produces only a fraction of the oil capacity from the territory it controls and likely sells its oil at a deeply discounted price on the black market.  More »

Judge lifts order for seizure of disputed oil from tanker

A judge has lifted an order for marshals to seize disputed crude if it’s brought to U.S. waters from a tanker anchored off Galveston, but it’s unlikely the crude will reach port anytime soon.  More »

Half-price Kurd oil threatens Iraq breakup with Turkish help

A tanker containing a million barrels of crude oil is floating around the Mediterranean, and its cargo is available at half-price. Yet if any country seizes the bargain, it may be pushing Iraq closer to disintegration.  More »

Iraq considers more actions against Exxon for Kurd oil venture

Iraq is considering additional measures against Exxon Mobil Corp. over deals the company signed with the semi-autonomous Kurdish region, Deputy Prime Minister for Energy Affairs Hussain al-Shahristani said.  More »

Marathon reports new oil and gas find in Iraq

Marathon Oil Corporation said Wednesday it had found multiple stacked oil and natural gas producing zones at a Kurdish exploration well.  More »

Tech Talk – Insecurity in the Middle East

The continuing conflict in Syria, and the slow spread of violence in the region around it continue to make it difficult to accurately predict the future of oil exports from the region. Within Syria itself, production had fallen into decline about ten y…  More »

Exxon underestimated natural gas hit

Exxon Mobil Corp.’s CEO told shareholders the company underestimated the drag that low natural gas prices would have on its earnings.  More »

ExxonMobil chief and Iraq PM discuss oil plans

Exxon Mobil CEO Rex Tillerson met with Iraq’s prime minister on Monday to discuss the firm’s plans in the country, raising the possibility that Baghdad could be mending its dispute with America’s largest oil company over its work in the Kurdish region.  More »

Chevron to drill in Iraq starting next year

Chevron said today it will enter Iraq and begin drilling for oil there next year after purchasing major interests in two areas of its Kurdistan region.  More »
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