Tag Archives | RWE

Crescent Petroleum to Increase Investment in Iraqi Gas

By John Lee. UAE-based Crescent Petroleum is reportedly planning a significant increase in its production of natural gas at its Pearl Petroleum operations in Iraq. President Badr Jafar (pictured) is quoted as saying that there will be an investment of $1 billion to boost production to 500 million cubic feet of gas per day by […]

Dana Gas Reaches Settlement With RWE

By John Lee. UAE-based Dana Gas has announced that it has reached an “amicable and mutually beneficial settlement agreement” with RWE’s trading unit RWE Suppy & Trading GmbH (RWEST) to resolve a dispute over its operations in Iraqi Kurdistan. The detailed terms of the settlement agreement are to be treated in accordance with the confidentiality […]

Nabucco Future Hangs in the Balance

The Nabucco gas pipeline project is facing collapse, reports AFP. The scheme to ship more than 30 billion cubic meters of gas per year from the Caspian and beyond to Europe, bolstering Europe's energy security, may founder following Turkey's decision to allow Russia's rival South Stream project to run through its Black Sea waters. Construction […]

Conference Highlights Significance of Kurdistan Oil for West

Potential energy routes and energy security were discussed in a syposium in Brussels, according to a report from AKnews. The participants highlighted what it calls "the Turkish attempts to monopolize energy supply to the EU", as well as the significance of Kurdish energy for the West. The event was organised by the Friedrich Naumann Foundation […]

Committee Set Up to Resolve KRG/Baghdad Disputes

The Iraqi government has formed a committee to discuss its numerous disputes with the Kurdistan Regional Government (KRG), AKnews reports. Salam Yaseen, an economic adviser to the Iraqi government, told AKnews that the committee will discuss a range of issues with the Kurds including the oil and gas exports by the KRG that recently caused […]

Kurdistan's Fuel Allocation Cut - Why?

Reuters reports on Sunday that the cut in Baghdad's allocation of fuel to Iraqi Kurdistan is related to the admission last month that the region is has been exporting petroleum products through Iran. We reported at the weekend that the cut was in response to the new gas agreement between the Kurdistan Regional Government (KRG) […]

Baghdad Ups Stakes in Kurdistan Gas Row

Baghdad has increased the stakes in the row that has flared up over the new German/Kurdish gas contract. Last week we reported on the dispute relating to KRG's agreement with German energy giant RWE. Now AKnews reports that the Iraqi oil ministry said last week that it will cut Kurdistan’s fuel share in half as […]

Kurdistan Gas Dispute - German Govt Staying Clear

The German government has refused to be drawn into the row over RWE's new gas agreement with the Kustdistan Regional Government. The Iraqi oil ministry has said the agreement is illegal because the country's oil and gas are federal resources to be administered centrally. Asked about the dispute, a spokesman for the German economy ministry […]

German Gas Contract Sparks New Row

We reported yesterday on the new gas deal between the Kurdistan Regional Government and the German giant RWE.  Today, a new row has broken out between Erbil and Baghdad regarding the legality of Kurdish oil and gas contracts. Aswat al-Iraq reports that the Iraqi Oil Ministry, through the State Organization for Marketing Oil (SOMO), claimed […]

Germany's RWE Signs Kurdistan Gas Deal

Prime Minister Barham Salih today announced the signing of a Cooperation Agreement between the Kurdistan Regional Government and RWE. The RWE Group is a leading European utilities company headquartered in Essen, Germany. It has extensive experience in the building, modernisation, and upgrading of energy infrastructure. Under the agreement, RWE will provide assistance to the KRG […]