NEWS
Kurdistan Region of Iraq - October 24, 2017
Iraq launched an offensive to take control of a Turkish border crossing area that is home to a section of the Kurdistan Crude Export Pipeline, international media…
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Kurdistan Region of Iraq's Energy Industry
in figures
Oil reserves45 billion barrels
Oil production 450,000 bopd
Gas reserves25 tcm
Gas production1.88 bcm
Kurdistan Region of Iraq: New Alliances
Kurdistan Region of Iraq’s oil and gas industry was late to take off, despite discoveries in the region beginning in the 1920s. However, the region was highly successful at attracting major IOCs the mid-2000s, including ExxonMobil, Chevron, Gazprom, Dana Gas and TotalEnergies. The Kurdistan Region of Iraq is an autonomous region of Iraq, although it held a unilateral independence vote in 2017 to mixed international reception. Throughout political upheaval and war it has remained steadfast in its payments to operators, underlining the nation’s resilience.
The region’s hydrocarbons industry is overseen by the Ministry of Natural Resources, which is independent from Baghdad’s Ministry of Oil. However, the country continues to struggle with its independent oil and gas law, which has been defined as unconstitutional by Iraq’s capital and lacks support from the national budget.
Heavy sour crude produced in Kurdistan Region of Iraq (KRI) began to be exported to the Ceyhan terminal in Turkey in 2014 through the KRG’s main pipeline that begins in the Kirkuk region and the DNO-Tawke pipeline. Further gas pipeline infrastructure has been planned to support the region’s planned rise in production.
The KRI requires investment to build up its power generation capacity to support a growing oil and gas industry, which remains the largest industrial consumer of energy.
NEWS
Kurdistan Region of Iraq - August 21, 2023
DNO has restarted production at the Tawke oilfield in the Kurdistan Region of Iraq following a four-month shut in, the Norwegian…
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Interview
- August 17, 2023
Majid Jafar, CEO of Crescent Petroleum, talks to The Energy Year about energy’s key role in socioeconomic development, the…
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NEWS
Kurdistan Region of Iraq - September 16, 2022
TotalEnergies has sold its 18% share in the onshore Sarsang oilfield in the Kurdistan Region of Iraq to Canadian independent ShaMaran Petroleum Corp. for USD 155…
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NEWS
Kurdistan Region of Iraq - January 21, 2019
Genel Energy has agreed to acquire stakes in two Kurdistan Region of Iraq blocks, the company announced on Monday.
Genel will acquire from Chevron a 40% operating…
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Kurdistan Region of Iraq - August 07, 2018
Genel Energy has outlined plans to develop the Bina Bawi and Miran fields in the Kurdistan Region of Iraq, the company announced in its H1 results on Tuesday.
“The…
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NEWS
Kurdistan Region of Iraq - July 17, 2018
Output from Peshkabir field in the Kurdistan Region of Iraq has increased by 67% to 25,000 bopd after the Peshkabir-4 well was put on production, operator DNO announced…
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NEWS
Kurdistan Region of Iraq - October 23, 2017
Iraq’s armed forces have sent artillery and tanks to an area where the Kurdistan Crude Export Pipeline is located, international media reported on Monday.
Iraqi…
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NEWS
Kurdistan Region of Iraq - October 20, 2017
Chevron said on Thursday it had temporarily suspended operations in the Kurdistan Region of Iraq.
A company spokesperson said the US major was in contact with the…
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Kurdistan Region of Iraq - October 20, 2017
Rosneft has a signed a deal with the Kurdistan Regional Government to enter an infrastructure project concerning the region’s oil export pipeline, the company said…
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NEWS
Kurdistan Region of Iraq - October 19, 2017
Oil companies should continue to invest in Kurdistan, the region’s minister of natural resources told a press conference on Thursday.
Dr. Ashti Hawrami of the…
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NEWS
Kurdistan Region of Iraq - October 19, 2017
Rosneft has signed a much-anticipated contract for the development of five oil and gas blocks in the Kurdistan Region of Iraq, the company revealed on Wednesday.
The…
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NEWS
Kurdistan Region of Iraq - October 16, 2017
Iraqi government forces backed by paramilitaries have managed to take over Kirkuk and surrounding oilfields and installations after an attack launched early Monday,…
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NEWS
Kurdistan Region of Iraq - October 16, 2017
Oil prices have risen on reports of fighting early Monday morning between the Iraqi army and its Shiite militia allies and Kurdish Peshmerga deployed by the Kurdistan…
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NEWS
Kurdistan Region of Iraq - October 11, 2017
Genel Energy and DNO have both reported payments for July crude shipments from the Kurdistan Region of Iraq, despite political fallout from September’s independence…
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NEWS
Kurdistan Region of Iraq - October 10, 2017
The Iraqi government is seeking to repair an old crude pipeline to bypass the Kurdistan Regional Government (KRG), international media reported on Tuesday.
The old…
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