Navigator
Facebook
Search
Ads & Recent Photos
Recent Images
Random images
Welcome To Roj Bash Kurdistan 

Kurdistan Oil & Gas Development

A collection of threads on topics that get updated regularly :
Peshmerga, Kurdistan Universities, Consulates in Kurdistan, Construction in (Hewler, Slemani, Dohuk, Kerkuk).Top Kurdish Holidays, Top Kurdish News Sites, Top Kurdish Terms. ...

Re: Kurdistan Oil & Gas Development

PostAuthor: Anthea » Tue Jan 23, 2024 12:41 am

TAQA sells Duhok oil field stake

Kurdistan - The United Arab Emirates-based TAQA on Monday said it is selling its stake in the Atrush oil field in Duhok province to ShaMaran Petroleum, completing its exit from Kurdistan as oil exports remain halted for ten months

“TAQA enters into definitive agreements with General Exploration Partners Inc. for the sale of its interest in the Atrush oil field in the Kurdistan Region of Iraq,” the company said in a bourse filing on the Abu Dhabi Securities Exchange (ADX).

The stake will be acquired by ShaMaran Petroleum, a Canadian oil development and exploration company operating in the Kurdistan Region that previously held a 27.6 interest in the Atrush block. It will then sell 25 percent of the share to the US energy company HKN Energy.

“This transaction continues ShaMaran’s consolidation strategy in Kurdistan. We are acquiring TAQA’s 47.4% interest in Atrush and selling a 25% interest and operatorship to HKN IV,” ShaMaran’s President Garrett Soden said in a statement.

The transaction with HKN Energy is subject to approval by the Kurdistan Regional Government (KRG) which owns the remainder 25 percent of the shares, according to ShaMaran.

The Abu Dhabi National Energy Company, known as TAQA, is an energy and water company operating in 11 countries. It previously held a majority 47.4 percent share in Atrush and in July 2019, broke the Kurdistan Region’s record and registered a production of over one million barrels of oil.

Oil exports from the Kurdistan Region through the Iraq-Turkey pipeline have been halted since March after a Paris-based arbitration court ruled in favor of Baghdad against Ankara, saying the latter had breached a 1973 agreement by allowing Erbil to begin independent oil exports in 2014.

The halt in exports has caused the Iraqi and Kurdish government billions of dollars in losses.

Erbil and Baghdad have held numerous meetings since the ruling intended at taking measures to resume the exports but international oil companies (IOCs) operating in the Kurdistan Region have not been invited to most of the talks.

On Sunday, the KRG’s natural resources ministry invited IOCs in the Region to discuss progress in talks with the federal government on resuming oil exports.

Before the halt, around 400,000 barrels of oil a day were being exported by Erbil through Ankara, in addition to some 75,000 barrels of federally-controlled oil from Kirkuk province.

The loss in oil revenues, the KRG’s main source of income, has worsened the financial situation and left the government unable to pay its public sector without assistance from Baghdad.

https://www.rudaw.net/english/business/22012024
Good Thoughts Good Words Good Deeds
User avatar
Anthea
Shaswar
Shaswar
Donator
Donator
 
Posts: 28239
Images: 1155
Joined: Thu Oct 18, 2012 2:13 pm
Location: Sitting in front of computer
Highscores: 3
Arcade winning challenges: 6
Has thanked: 6019 times
Been thanked: 729 times
Nationality: Kurd by heart

Re: Kurdistan Oil & Gas Development

Sponsor

Sponsor
 

Re: Kurdistan Oil & Gas Development

PostAuthor: Anthea » Tue Jan 23, 2024 12:44 am

KRG talks with Baghdad

The natural resources ministry of Kurdistan Government (KRG) has invited international oil companies working in the Region to meet on Wednesday to discuss progress in talks with the federal government about resuming oil exports, Rudaw has learned

Erbil and Baghdad have held numerous meetings since a ruling by a Paris-based arbitration court last March suspended the flow of Kurdish oil to international markets. International Oil Companies (IOCs) operating in the Kurdistan Region have not been invited to most of the talks.

“The purpose of the meeting is to update you regarding the progress of the negotiations with the Federal Government of Iraq in matters that concern you and other IOC partners. The amendments of the 2023 budget law and the subject of compensation for the IOC’s entitlements will be the main topics of the discussion. We will welcome your insights and suggestions during these discussions,” read an email sent to the IOCs by the ministry and which Rudaw English has seen.

Myles Caggins, spokesperson for the Association of the Petroleum Industry of Kurdistan (APIKUR), an umbrella group of oil companies operating in the Kurdistan Region, confirmed to Rudaw English that the companies are looking forward to the discussion.

“APIKUR member companies look forward to continued progress and discussions to resume full oil production and exports to global markets,” he said.

In December, APIKUR said that it had been excluded from negotiations between the KRG and Baghdad. “APIKUR member companies - which represent the majority of the oil produced by IOCs in Kurdistan - have neither been included in these meetings nor been invited to participate in any future meetings between the KRG and GoI [Government of Iraq],” it stated.

Exports of the Kurdistan Region’s oil through the Iraq-Turkey pipeline have been halted since March 23 when the Paris-based arbitration court ruled in favor of Baghdad against Ankara, saying Turkey had breached a 1973 agreement by allowing Erbil to begin independent oil exports in 2014.

Iraqi Prime Minister Mohammed Shia’ al-Sudani told Bloomberg last week that the main obstacle before the resumption of the oil exports is that the OICs “have an issue with the cost of producing barrels.”

Before the halt, around 400,000 barrels a day were being exported by Erbil through Ankara, in addition to some 75,000 barrels of Kirkuk’s oil.

The loss in oil revenues, the KRG’s main source of income, has worsened the financial situation and left the government unable to pay its public sector without assistance from Baghdad.

https://www.rudaw.net/english/kurdistan/210120245
Good Thoughts Good Words Good Deeds
User avatar
Anthea
Shaswar
Shaswar
Donator
Donator
 
Posts: 28239
Images: 1155
Joined: Thu Oct 18, 2012 2:13 pm
Location: Sitting in front of computer
Highscores: 3
Arcade winning challenges: 6
Has thanked: 6019 times
Been thanked: 729 times
Nationality: Kurd by heart

Re: Kurdistan Oil & Gas Development

PostAuthor: Anthea » Wed Jan 24, 2024 8:18 pm

Oil Companies Discuss Budget

The Kurdistan Government's (KRG) negotiating delegation held discussions with representatives from oil and gas companies to discuss key issues on the budget, oil law, and the resumption of oil exports from the Region

Peshawa Hawramany, the spokesperson for the KRG, provided insights into the meeting, stating, "The meeting reaffirmed the intention of the Kurdistan Regional Government for a radical solution and pointed out that the Kurdistan Regional Government has done what was on the negotiations to reach an agreement and a solution."

The discussions centered on the latest developments in the ongoing talks between Erbil and Baghdad, specifically addressing critical aspects of the budget and oil-related matters. The KRG's commitment to seeking a comprehensive solution was emphasized during the meeting, reflecting its proactive engagement in negotiations to achieve a mutually beneficial agreement.

A significant part of the dialogue was focused on the resumption of oil exports from the Kurdistan Region. The representatives of the oil and gas companies participated in deliberations that underscored the necessity for a collective solution and a shared understanding among all parties involved. Central to this is reaching a consensus on the costs associated with the production and transportation of oil.

In March 2023, the International Chamber of Commerce in Paris issued a verdict against the independent crude oil exports of the Kurdistan Region through Turkey, based on which the federal government remains the only party in charge of oil exports through Turkey's Ceyhan port.

Since then, the KRG has been in continuous negotiations with the federal government in recent months, and the agreement on budget and oil and gas is a positive development in their relationship.

https://www.basnews.com/en/babat/837452
Good Thoughts Good Words Good Deeds
User avatar
Anthea
Shaswar
Shaswar
Donator
Donator
 
Posts: 28239
Images: 1155
Joined: Thu Oct 18, 2012 2:13 pm
Location: Sitting in front of computer
Highscores: 3
Arcade winning challenges: 6
Has thanked: 6019 times
Been thanked: 729 times
Nationality: Kurd by heart

Re: Kurdistan Oil & Gas Development

PostAuthor: Anthea » Fri Jan 26, 2024 3:30 am

Khor Mor gas field attacked

Khor Mor gas field in Sulaimani province was attacked late on Thursday, a local official told Rudaw. No casualties have been reported

A security source told Rudaw’s reporter Peshawa Bakhtyar that the Liquid Petroleum Gas (LPG) plants of Khor Mor, a key gas field operated by the UAE-based Dana Gas in Chamchamal town, Sulaimani province.

No casualties have been reported among the staff working in the field.

Ambulances and fire fighting units were dispatched to the location of the attack, a local official told Rudaw.

It remains unclear whether the attack was carried out with drones or rockets, according to the official.

In August, the gas field was attacked with two Katyusha rockets. A local official then told Rudaw that the rockets were fired from Tuz Khurmatu district, striking a location near to the place where the company's employees were resting.

This comes as the Kurdistan Region is under barrages of drone attacks by Iran-backed militias targeting military bases housing US troops.

Iran-backed militia groups have claimed responsibility for the majority of drone strikes, in retaliation to Washington’s support for Israel in its war against the Gaza Strip.

Khor Mor field produces 452 million standard cubic feet of gas per day, according to Dana Gas.

https://www.rudaw.net/english/kurdistan/250120242
Good Thoughts Good Words Good Deeds
User avatar
Anthea
Shaswar
Shaswar
Donator
Donator
 
Posts: 28239
Images: 1155
Joined: Thu Oct 18, 2012 2:13 pm
Location: Sitting in front of computer
Highscores: 3
Arcade winning challenges: 6
Has thanked: 6019 times
Been thanked: 729 times
Nationality: Kurd by heart

Re: Kurdistan Oil & Gas Development

PostAuthor: Anthea » Mon Jan 29, 2024 9:49 pm

Call U.S. Congress to help resume oil exports
By Wladimir van Wilgenburg

ERBIL (Kurdistan24) – The Association of the Petroleum Industry of Kurdistan (APIKUR) on Monday in a letter appealed to the United States Congress to encourage Iraqi Prime Minister Mohammed Shia' al-Sudani to resolve the oil production and export of Kurdish crude oil during his upcoming U.S. visit

The export of Kurdish oil has been halted since March 25 after Iraq claimed victory against Turkey, the importer of the oil, at a Paris-based international court for allowing the Kurdistan Region to independently export petroleum.

The APIKUR underlined that the export halt, “affecting over 400,000 barrels of oil per day, has lasted more than 10 months and is severely impacting the region's economy and stability at a time when regional tensions are already heightened.”

In the letter to Michael McCaul, Chairman United States House Committee on Foreign Affairs and Gregory Meeks, Ranking Member United States House Committee on Foreign Affairs, the APIKUR requested their immediate assistance to persuade the Iraqi Government to resume oil exports.

“The White House has extended an invitation for the Federal Iraqi Prime Minister Mohammed Shia Al Sudani to visit. We ask that you take this opportunity to impress on the Iraqi PM that GoI [Government of Iraq] must allow U.S. oil companies, and all APIKUR members, to freely produce and export their oil to the global markets,” the APIKUR said in the letter.

Moreover, the APIKUR said that Baghdad should also fully implement the Iraqi budget for the Kurdistan Region “which is essential for western and American companies to resume operations, as well as payment surety for past and future oil exports in accordance with their contractual rights.”

The association's statement continued, “The halt of crude oil exports from the region, now lasting over 10 months, coupled with the unresolved Federal Budget issues by the GoI, continue to threaten the fiscal stability and autonomous status of the KRI—a region that has been a steadfast security ally of the United States in the Middle East.

“The Iraqi Prime Minister should demonstrate that he is committed to leading his government to deliver a mutually beneficial solution that will no longer economically strangle the Kurdistan Region of Iraq,” said Myles B. Caggins III, APIKUR spokesman, said in the press release received by Kurdistan24.

“This solution includes resumption of oil exports from the Kurdistan Region into the international markets with payment and contractual certainty for western and American companies to resume operations. The export of oil is the foundation of Iraq’s economy, and all Iraqis will benefit when full production and global sales resume from the Kurdistan Region.”

The APIKUR was founded in 2023 and includes eight international oil and gas companies operating in the Kurdistan Region, including three U.S. owned companies. APIKUR member companies have so far invested over $10 billion in the Kurdistan Region.

“We remain committed to Kurdistan, despite the recent ballistic missile attacks and increased threats from Iranian-backed militia groups throughout Iraq. It is imperative that we resume full oil production and recommence oil exports from Kurdistan to create economic stability in the region as a bulwark against destructive and destabilizing influences from external actors,” Nicholas W. Atencio, APIKUR Secretary General wrote in the letter.

https://www.kurdistan24.net/en/story/33 ... il-exports
Good Thoughts Good Words Good Deeds
User avatar
Anthea
Shaswar
Shaswar
Donator
Donator
 
Posts: 28239
Images: 1155
Joined: Thu Oct 18, 2012 2:13 pm
Location: Sitting in front of computer
Highscores: 3
Arcade winning challenges: 6
Has thanked: 6019 times
Been thanked: 729 times
Nationality: Kurd by heart

Re: Kurdistan Oil & Gas Development

PostAuthor: Anthea » Tue Jan 30, 2024 7:56 pm

Resolve Kurdish oil exports crisis

Oil producers in Kurdistan on Monday called on the United States Congress to take immediate action to help lift the halt on the Region’s oil exports

Exports of the Kurdistan Region’s oil through the Iraq-Turkey pipeline have been halted since March 23 when the Paris-based arbitration court ruled in favor of Baghdad against Ankara, stating Turkey had breached a 1973 agreement by allowing Erbil to begin independent oil exports in 2014.

In a letter addressed to the US Congress which was seen by Rudaw English, the Association of the Petroleum Industry of Kurdistan (APIKUR) requested “immediate assistance to persuade the Federal Government of Iraq (GOI) to promptly resolve issues that have resulted in the halt of greater than 400,000 barrels a day of crude oil from the KRI [Kurdistan Region] to global markets.”

The oil association noted that the halt on oil exports has put at risk both US and international investments in the Kurdistan Region which total over $10 billion.

In September, US Secretary of State Antony Blinken extended an invitation from US President Joe Biden to Iraqi Prime Minister Mohammed Shia’ al-Sudani to visit the White House. APIKUR called on the US Congress to use the visit to persuade “the Iraqi PM that GoI must allow U.S. oil companies, and all APIKUR members, to freely produce and export their oil to the global markets.”

The Iraqi government must resolve two issues, namely “the full implementation of the Iraqi budget for the Kurdistan Region which is essential for western and American companies to resume operations, as well as payment surety for past and future oil exports in accordance with their contractual rights,” according to APIKUR.

“The Iraqi Prime Minister should demonstrate that he is committed to leading his government to deliver a mutually beneficial solution that will no longer economically strangle the Kurdistan Region of Iraq,” said Myles B. Caggins III, APIKUR spokesman.

Erbil and Baghdad have had multiple rounds of talks about restarting the exports. Kurdistan Region President Nechirvan Barzani in November said the problem now is technical rather than political.

Following rounds of meetings with Iraqi government officials and political leaders earlier this month, Barzani said that Erbil and Baghdad were “on the right path” to solving the problem of the Kurdistan Region’s stalled oil exports.

“I cannot say when, but I think we are on the right path to solve the [oil exports] issue,” Barzani said.

PM Sudani told Bloomberg earlier this month that the main obstacle hindering the resumption of oil exports is that the International Oil Companies (IOCs) “have an issue with the cost of producing barrels.”

On Wednesday, the Kurdistan Regional Government (KRG) met with IOCs to discuss progress in talks with the federal government about resuming oil exports.

Before the halt, around 400,000 barrels a day were being exported by Erbil through Ankara, in addition to some 75,000 barrels of Kirkuk’s oil.

The loss in oil revenues, the KRG’s main source of income, has worsened the financial situation and left the government unable to pay its public sector without assistance from Baghdad.

https://www.rudaw.net/english/kurdistan/30012024
Good Thoughts Good Words Good Deeds
User avatar
Anthea
Shaswar
Shaswar
Donator
Donator
 
Posts: 28239
Images: 1155
Joined: Thu Oct 18, 2012 2:13 pm
Location: Sitting in front of computer
Highscores: 3
Arcade winning challenges: 6
Has thanked: 6019 times
Been thanked: 729 times
Nationality: Kurd by heart

Re: Kurdistan Oil & Gas Development

PostAuthor: Anthea » Tue Feb 20, 2024 10:36 am

Baghdad must resume Kurdistan’s oil export

ERBIL (Kurdistan24) - Announced on Monday, Head of the Kurdistan Government's (KRG) Department of Foreign Relations, Minister Safeen Dizayee announced that in order to resume the Kurdistan's oil export, the ball is in Baghdad’s court, and that Turkey has formally informed of its readiness to resume the procedures

Minister Safeen Dizayee explained in an announcement to the media that during both Munich Security Conference and Dubai COP23, “Kurdistan Region’s President as well as the Prime Minister of Kurdistan Region had rigorous meetings with the heads of all the participating states, and they discussed the existing security situation and events in the Middle East.”

He noted that having discussions over the issues between Erbil and Baghdad and finding lasting solutions were the main topics for both the President and the Prime Minister of Kurdistan Region.

“Kurdistan Region is one of the main characters in maintaining the peace and stability of the region,” he added.

Regarding the resumption of Kurdistan Region’s oil export, Minister Dizayee remarked that Turkey has shown its readiness to resume the procedures of the export of oil and that all the technical issues have been fixed, such as the pipeline.

“Now it is up to Baghdad to make the decision to resume the export,” he emphasized.

He further clarified that the remaining issue between Baghdad and Ankara results from the Paris court ruling and this remains an issue that they have to resolve among each other. As it stands, whereas the estimates of economic loss to the Kurdistan region reach ten billion dollars, Iraq is asking for a billion and half Dollars as compensation from Turkey.

Additionally, Minister Dizayee reaffirmed the importance of continuing talks to resolve the outstanding issues between Kurdistan Region and Baghdad as well as the resumption of oil export.

The export of Kurdish oil has been halted since March 25 after Iraq claimed victory against Turkey at a Paris-based international court for allowing independent Kurdish oil exports.

https://www.kurdistan24.net/en/story/34 ... ister-Head
Good Thoughts Good Words Good Deeds
User avatar
Anthea
Shaswar
Shaswar
Donator
Donator
 
Posts: 28239
Images: 1155
Joined: Thu Oct 18, 2012 2:13 pm
Location: Sitting in front of computer
Highscores: 3
Arcade winning challenges: 6
Has thanked: 6019 times
Been thanked: 729 times
Nationality: Kurd by heart

Previous

Return to Mega Threads (Top-100 Kurdish Topics)

Who is online

Registered users: Bing [Bot], Google [Bot]

cron
x

#{title}

#{text}