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 […]
By John Lee. Gulf Keystone Petroleum (GKP) has confirmed the completion of the first lifting of Kurdistan crude allocated to the company and other IOCs for September-October 2025 pipeline exports, carried out by the nominated trader at Türkiye's Ceyhan terminal. Payment for the company's share is expected within 30 days, in line with the interim […]
By John Lee. Genel Energy has issued a trading and operations update in respect of the third quarter and first nine months of 2025. Regarding the company's operations in Iraqi Kurdistan, it said: PRODUCTION: KURDISTAN TAWKE PSC (25% interest) Gross production levels are now back to around 80,000 bopd, consistent with the levels achieved in […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. MoO Should Brace for ROCs' Coerced Exodus The tripartite (UK, EU and US) sanctions against Russian oil companies (ROCs), Lukoil and Rosneft, present direct, immediate and impacting threats to the development of […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Fragile accord sees resumption of oil exports from Iraqi Kurdistan Iraqi federal authorities and the Kurdistan Regional Government (KRG) are celebrating an agreement to resume oil exports via Turkey after a two-and-a-half year […]
By Noam Raydan and Soner Cagaptay, 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. How Renewed Oil Flows from the ITP Could Benefit U.S.-Iraq-Turkey Relations The potential economic and strategic benefits of reopening the northern Iraqi […]
By John Lee. The industry group representing international oil companies (IOCs) in Iraqi Kurdistan has clarified the payment mechanism for oil exported through the Iraq-Turkiye pipeline (ITP). In a statement on X on Wednesday evening, the Association of the Petroleum Industry of Kurdistan (APIKUR) said: "Info: The payment mechanism for oil exported through the Iraq-Türkiye […]
By John Lee. Oil exports from Iraq's Kurdistan Region are set to resume through the Iraq-Turkey Pipeline (ITP) following agreements between Baghdad's Federal Government, the Kurdistan Regional Government (KRG), and international oil companies, ending the prolonged export suspension. DNO ASA will deliver the Kurdistan Regional Government's share of production from its Tawke license, currently averaging […]
By John Lee. The Kurdistan Regional Government (KRG) Ministry of Natural Resources has confirmed that it has fulfilled its obligations regarding oil exports from the Kurdistan Region, in coordination with the Federal Ministry of Oil. It says that all domestic and foreign companies, with the exception of one foreign entity that has yet to formalise […]
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 […]
