By John Lee. Genel Energy and DNO have issued statements relating to recent media reports of an agreement on the export of oil from Iraqi Kurdistan via the Iraq-Turkey Pipeline to the port of Ceyhan. DNO, the largest operator in the Kurdistan Region, said it is eager to resume exports but "pursuant to agreements that […]
By John Lee. Iraq's State Oil Marketing Organisation (SOMO) reportedly announced on Tuesday that it has concluded all contracts and obligations with buyers of oil produced in the Kurdistan Region. The company emphasised that resuming exports from Kurdistan would restore Iraq's role as a key supplier to the European market. SOMO Director General Ali Nizar al-Shatri […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan Region oil exports to resume 'soon': SOMO chief The head of Iraq's State Oil Marketing Organization (SOMO) said on Monday that they are "working to implement the agreed-upon terms" to resume the Kurdistan […]
By John Lee. Turkey's Minister of Energy and Natural Resources, Alparslan Bayraktar, has said that Ankara has proposed a new draft agreement to Iraq regarding the Iraq-Turkiye Oil Pipeline (ITP). In an interview with Sky News Arabia, Bayraktar noted that while the pipeline has a capacity of 1.5 million barrels per day, it has never […]
By John Lee. The Kurdistan Regional Government (KRG) Ministry of Natural Resources and the Iraqi Ministry of Oil have agreed on a new mechanism for oil exports from the Kurdistan Region of Iraq. The deal, finalised after joint meetings beginning on 17 July 2025 and site visits to all regional oil fields, was signed on […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkey Ends ITPA- Submission to Blackmail or Preservation of Iraqi Sovereign Rights and National Interests The Turkish government officially ended, on 21 July 2025, the Iraqi Turkish Oil Pipeline Agreement-ITOPA, effective on […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, has reportedly announced that the country will resume crude oil exports through the Ceyhan pipeline to Turkiye either today (Wednesday) or tomorrow. Speaking during the inauguration of several oil station development and rehabilitation projects in Kirkuk, the Minister confirmed an initial export volume of 80,000 […]
By John Lee. The Government of Turkiye has officially announced the termination of the long-standing Iraq-Turkey Crude Oil Pipeline Agreements, effective 27 July 2026, by Cabinet Decision No. 10113. The termination applies to the following agreements and related documents: The Crude Oil Pipeline Agreement dated 27 August 1973, approved by Cabinet Decision No. 7/9843 of […]
By John Lee. The Iraqi Cabinet, headed by Prime Minister Mohammed Shia Al-Sudani, held an emergency session on Thursday and issued a series of binding decisions regarding oil production and financial coordination with the Kurdistan Regional Government (KRG). In a major development, the Cabinet approved the immediate transfer of all oil produced in the Kurdistan […]
By John Lee. DNO, the operator of the Tawke field in Iraqi Kurdistan, reported three explosions this morning (Wednesday). In a statement, the company said: "DNO ASA, the Norwegian oil and gas operator, reports that operations at its Tawke license in the Kurdistan region of Iraq have been temporarily suspended following three explosions early this […]
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has welcomed it described as renewed and intensified negotiations between the Kurdistan Regional Government (KRG) and the Government of Iraq (GoI) aimed at resuming oil exports via the Iraq-Türkiye Pipeline (ITP). The statement follows a high-level meeting held on 12th July 2025 between […]
By John Lee. Genel Energy has issued a trading and operations update relating to Q1 2025. Regarding the company's operations in Iraqi Kurdistan, it said: Kurdistan Region of Iraq Operations Gross production of 82,081 bopd in Q1 2025 (increased from 74,140 bopd in Q4 2024) from the Tawke license Working interest production of 20,520 bopd […]
