Post Tagged with: "kurdistan"

Source: Iraqenergy.org

Kurdistan Will Not Cooperate with Iraq on Production Cuts

Kurdistan says Iraq will need to shoulder the burden of cuts

Iraq’s central government in Baghdad will be responsible for meeting the production cuts set forth in the OPEC production deal without Kurdistan, according to Kurdish news network Rudaw. …

December 27, 2016 - 3:01 pm Closing Bell Story‎, Oil and Gas 360 Articles, OPEC
Gulf Keystone Petroleum Unsure it can make more than $600 Million in Bondholder Payments

Gulf Keystone Petroleum Unsure it can make more than $600 Million in Bondholder Payments

Political instability in Kurdistan makes future uncertain

In its fourth quarter results, Gulf Keystone Petroleum (ticker: GKP, GulfKeyston.com), which operates in Iraq’s northern Kurdish region, said it may not be able to make payments to bondholders. Political instability …

Source: theiet.org

Iraq Oil Revenues Could Slide by 35%

Members of Iraq’s parliament downplay 5 million barrels of oil output

A number of Iraqi lawmakers downplayed a recent report from Moody’s Insurance that the country’s oil output could reach 5 million barrels per day. The members of parliament said …

October 5, 2015 - 3:48 pm International, Oil and Gas 360 Articles, OPEC
Source: NPR

Kurdistan Region Reasserting Right to Sell Oil Independent of Iraq

U.S. court allows oil sales from Kurdistan

Iraq’s Kurdish Semi-autonomous region is increasing international oil sales without the approval of Iraq’s central government. The U.S. Court of Appeals for the Fifth Circuit in New Orleans dismissed the Kurdistan Regional Government’s …

Source: Iraqenergy.org

Kurdistan to Make Steady Payments, But Iraq Walks a Fine Line

Kurdistan set to pay $75-$100 million to oil exporters next month

Iraq’s northern Kurdish region announced that it will start making regular payments for crude exports to producers starting in the first-half of September. Exporters will receive $75-$100 million in …

August 28, 2015 - 3:39 pm International, Oil and Gas 360 Articles, OPEC
Source: NPR

Iraq Oil Dispute Resolved, Expects Increase in Production

The Iraqi government agreed on December 2 to an oil export deal with the northern region of Kurdistan, ending a dispute over oil exports with Iraq’s northern region. Earlier this year, the Iraqi government cut off funding to the Kurdish …

December 8, 2014 - 6:00 pm International, Oil and Gas 360 Articles
Oryx Petroleum Resumes Operations in Iraq

Oryx Petroleum Resumes Operations in Iraq

After security concerns in the region prompted a mid-August suspension of operations on its Hawler license in the Kurdistan Region of Iraq, Oryx Petroleum Corporation (ticker: OXC) announced that it has now resumed crude oil production and sales into the …

September 4, 2014 - 3:44 pm Fracing, Oil and Gas 360 Articles, Oilfield Services

Oil Companies Evacuating Iraq; ISIS Selling Black Market Crude for $30/Barrel

Reuters reported that both ExxonMobil Corporation (ticker: XOM) and Chevron Corporation (ticker: CVX) evacuated their staffs from Iraqi Kurdistan this morning. The employees of the oil giants join several thousand civilians attempting to escape violent Islamic State terrorists, also known …