NEWS
Kurdistan Region of Iraq - March 02, 2017
Oil flows from the Iraqi Kirkuk oilfield through infrastructure controlled by the Kurdistan Regional Government was temporarily halted on Thursday due to a security…
READ MORE
Back toour markets
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…
READ MORE
Interview
- August 17, 2023
Majid Jafar, CEO of Crescent Petroleum, talks to The Energy Year about energy’s key role in socioeconomic development, the…
READ MORE
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…
READ MORE
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…
READ MORENEWS
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…
READ MORE
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…
READ MORE
NEWS
Kurdistan Region of Iraq - March 01, 2017
The Kurdistan Regional Government (KRG) and its Ministry of Natural Resources (MNR) have concluded talks with international parties on increased pre-financing of oil…
READ MORE
NEWS
Kurdistan Region of Iraq - February 21, 2017
Rosneft and the Kurdistan Regional Government have signed an agreement on pre-financing oil exports from the semi-autonomous Kurdistan Region of Iraq.
While Rosneft…
READ MORE
NEWS
Iraq - February 20, 2017
Iraq and Iran have agreed to look into the construction of an export pipeline to transport crude from Kirkuk to Iran.
A memorandum of understand (MoU) to that end…
READ MORE
NEWS
Kurdistan Region of Iraq - February 16, 2017
Dana Gas won a USD 121-million suit against the Kurdistan Regional Government (KRG), the independent UAE-based company announced on Tuesday.
The settlement concerns…
READ MORE
NEWS
Kurdistan Region of Iraq - February 13, 2017
Genel Energy announced Monday it had reached an agreement with the Kurdistan Regional Government (KRG) on updated terms production-sharing contracts (PSCs) and…
READ MORE
NEWS
Kurdistan Region of Iraq - February 10, 2017
A 2016 operating profit and USD 59 million in payments from the Kurdistan Regional Government (KRG) to date in 2017 have prompted DNO to ramp up activity.
In a…
READ MORE
NEWS
Kurdistan Region of Iraq - February 01, 2017
London-based independent Gulf Keystone Petroleum on Wednesday set its 2017 production guidance for the Shaikan field in the Kurdistan Region of Iraq.
In an…
READ MORE
NEWS
Kurdistan Region of Iraq - January 24, 2017
Genel Energy will exit the Chia Surkh and Ber Bahr licences in the Kurdistan Region of Iraq, the company said in a trading and operations update notice on…
READ MORE
NEWS
Kurdistan Region of Iraq - January 09, 2017
DNO has discovered oil in the Kurdistan Region of Iraq, the company said on Monday. The Peshkabir-2 well made the discovery in the Cretaceous horizon of the Peshkabir…
READ MOREWHOSE PLATFORM IS THIS?
ASK US
- Do you have a question for The Energy Year about oil and gas?
- If we know, we’ll tell you.
- If not, we’ll ask the experts in the field.