By John Lee. The Ministry of Oil has announced the resumption of crude oil pumping and exports from Kirkuk through Türkiye's Ceyhan port, with an initial export capacity of 250,000 barrels per day (bpd). The restart follows an agreement between the federal government and the Kurdistan Regional Government (KRG), enabling the reactivation of a key export […]
By John Lee. Genel Energy has issued its audited results for the year ended 31 December 2025. Full statement from Genel Energy: Audited results for the year ended 31 December 2025 Genel Energy plc ('Genel' or 'the Company') announces its audited results for the year ended 31 December 2025. Paul Weir, Chief Executive of Genel, […]
By John Lee. Iraq's Ministry of Oil has issued a further statement setting out its position on the resumption of exports through the Kirkuk-Ceyhan pipeline, following recent comments by the Kurdistan Regional Government's Ministry of Natural Resources. The statement describes the KRG ministry's position as political in nature, and sets out Baghdad's operational and legal […]
By John Lee. Iraq's Ministry of Oil and the Kurdistan Regional Government's Ministry of Natural Resources have issued statements outlining differing positions on the possible resumption of crude oil exports through the northern pipeline to the Turkish port of Ceyhan. The exchange comes amid regional disruption affecting exports through the southern system via the Strait […]
By Charles Kennedy for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq To Restore Kirkuk-Turkey Pipeline as Iran War Chokes Off Exports Iraq is scrambling to restore a northern oil export route that would send crude from the Kirkuk fields directly to […]
By John Lee. Genel Energy has issued a trading and operations update in advance of the company's full-year 2025 results, which are scheduled for release on 18 March 2026. Regarding the company's operations in Iraqi Kurdistan, it said: Production performance improved in the fourth quarter, supported by workovers and well interventions. Average production in unaffected […]
By John Lee. Shares in Gulf Keystone Petroleum (LSE: GKP) closed down more than 7 percent on Thursday after the company provided an operational and corporate update. The sell-off was primarily driven by the following factors: Lower Production Guidance: GKP expects average gross production to drop to between 37,000 and 41,000 barrels of oil per day […]
By Yesar Al-Maleki, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Rebuilding Resilience: The Iraq-Türkiye Pipeline's Role in Iraq's Oil Export Security The resumption of Kurdish crude […]
By John Lee. Shares in Gulf Keystone Petroleum (LSE: GKP) closed down 2.7 percent on Wednesday after the company provided an operational and corporate update. It said it received its first payment in November at around $30/barrel (below international prices under interim agreements), has returned $50 million to shareholders in 2025, and is on track to […]
By Noam Raydan and James Jeffrey, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Oil from Northern Iraq Arrives in the United States After Pipeline Reopens s In addition to providing discounted crude of a quality […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Politicians hail Iraq-Turkey 'oil-for-water' accord as critics cry foul Touted as a breakthrough, Iraq and Turkey have signed a "historic" oil-for-water agreement. Officials say the deal will boost both countries' economies while easing […]
By John Lee. Iraq and Turkey have resumed negotiations on a new agreement for transporting crude oil through the Iraq-Turkey Pipeline (ITP), following a meeting in Ankara. Talks were held between the Iraqi Ministry of Oil and the Turkish Ministry of Energy and Natural Resources, led respectively by the Iraqi Deputy Minister for Extraction and […]
