NEWS
Kurdistan Region of Iraq - October 10, 2017
Petrofac will provide engineering services to Gazprom Neft at its operations in the Kurdistan Region of Iraq, the Middle East-focused EPC company announced on…
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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 06, 2017
French President Emmanuel Macron offered to mediate between the Iraqi central government and Erbil on Thursday, following the Kurdistan Region of Iraq’s (KRI)…
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NEWS
Kurdistan Region of Iraq - September 28, 2017
The Kurdistan Region of Iraq voted overwhelmingly in favour of independence from Iraq in a non-binding referendum on September 25, 2017. The full implications of this…
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NEWS
Kurdistan Region of Iraq - September 27, 2017
Amid regional threats of economic sanctions and violence, fallout from Monday’s independence referendum in the Kurdistan Region of Iraq (KRI) continued to ripple…
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NEWS
Kurdistan Region of Iraq - September 25, 2017
The government of Iraq has requested that foreign importers of oil from the Kurdistan Region cease their imports.
The move came on Sunday on the eve of a referendum…
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Interview
Kurdistan Region of Iraq - September 25, 2017
Saad Hasan, CEO of Qaiwan Group, talks to TOGY about opportunities in the post-war Kurdistan Region of Iraq, benefits linked to the privatisation of the region’s…
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NEWS
Kurdistan Region of Iraq - September 22, 2017
The Kurdistan Region of Iraq has gained renewed attention this month due to a non-binding independence referendum scheduled for September 25. However, whatever the…
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NEWS
Kurdistan Region of Iraq - September 21, 2017
Chevron has drilled its first exploration well in two years in the Kurdistan Region of Iraq, international media reported on Wednesday.
The well was drilled in…
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NEWS
Kurdistan Region of Iraq - September 21, 2017
Gulf Keystone has the resources ready to invest in further oil production in the Kurdistan Region of Iraq, a report released by the company on Tuesday stated.
In its…
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NEWS
Kurdistan Region of Iraq - September 18, 2017
Rosneft is in talks with officials from the Kurdistan Regional Government to help fund and build a pipeline to export natural gas to Turkey and Europe, TOGY exclusively…
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