By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Unwilling To Resume Crude Exports From Kurdistan To Turkey It is easy to lose sight of the wood for the trees sometimes in the complex world of global oil. […]
By John Lee. Share in Gulf Keystone Petroleum (GKP) were trading up nearly 7 percent this morning (Wednesday), follow a fall that saw the shares down 25 percent at one point yesterday. In an operational and corporate update, the company said it has, "commenced local sales in July and partially restarted Shaikan Field production, increasing […]
By John Lee. Genel Energy has issued a presentation relating to its half-year results to the end of June. Click here to download. (Source: Genel Energy)
By John Lee. Revenues at Genel Energy have, as expected, fallen sharply as a result of the closure of the Iraq-Turkey Pipeline (ITP) which brings oil from Northern Iraq to Turkiye's port of Ceyhan. In its unaudited results for the period ended 30 June 2023, Paul Weir, Chief Executive of Genel, said: "The closure of […]
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has said that spending on the oil industry in Iraqi Kurdistan has been cut by $400 million as a result of the closure of the Iraq-Turkey pipeline (ITP). Full statement from APIKUR: The Association of the Petroleum Industry of Kurdistan (APIKUR) notes that […]
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has announced that all non-essential capital expenditures in the Atrush block (pictured) have been cancelled or postponed, while it engages with bondholders to seek additional balance-sheet flexibility. The company's operations remain heavily impacted by the continued closure of the Iraq-Turkey pipeline (ITP), connecting Iraq's […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. How Iraq's new budget affects oil arrangement with Kurdistan region The success of Iraq's largest-ever budget is partially dependent on oil prices, and follows the federal government asserting more […]
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Erdogan, Barzani meet in Ankara as Iraqi oil exports via Turkey remain frozen Prime Minister Masrour Barzani of the Kurdistan Region of Iraq met with Turkish President Recep Tayyip […]
On Tuesday, June 20, 2023, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) met with President Recep Tayyip Erdogan of the Republic of Türkiye in Ankara. At the start of the meeting, Prime Minister Barzani extended his congratulations to President Erdogan on his victory in the recent elections and conveyed his sincere hopes […]
By Zaid Al-Ali and Ahmed Tabaqchali, for 1001 Iraqi Thoughts. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Commentary: Iraq v Turkey International Chamber of Commerce Final Award (13 February 2023) On 23 May 2014, the Republic of Iraq ("Iraq") commenced arbitral proceedings against […]
By Julianne Geiger for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq And Kurdistan Close To Deal On Oil Exports Baghdad and Erbil are set to reach an agreement over crude oil exports from Iraq's semi-autonomous Kurdistan region within the next […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were trading down more than seven percent on Thursday morning, after it issued an update on operational and corporate activity and 2023 guidance following the shut-in of the Iraq-Turkey pipeline on 25 March 2023. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "Gulf Keystone was on […]
