Friday 4 September 2015
 
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Kurdistan

Kurdistan says to allocate up to $100m for oil firms in Sept

Iraq's Kurdistan region said it expected to begin making regular payments to oil-exporting companies in the first half of September, sending shares in those firms up as high as 17 per cent in early trade.   T

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Iraqi Kurdistan says oil pipeline sabotage cost it $501m

Repeated sabotage of the pipeline carrying crude from Iraq's Kurdistan region to Turkey had cost it $501 million since July 1, the region's Ministry of Natural Resources said.   It had lost $251 million i

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Kurds cut oil transfers to Iraq's Somo by half in July

Iraqi Kurdistan reduced its transfers of oil to the Iraq State Oil Marketing Organization (Somo) by half in July to an average of 71,017 barrels per day (bpd), as the autonomous region continued independent exports, its Ministry of Natural Res

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Kurdistan to share oil sales revenue with producers

Iraq's Kurdistan Regional Government (KRG) said it would pay a portion of its revenue from direct crude oil sales to producers, in an apparent attempt to reassure foreign oil companies operating in the northern region.  

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Dana Gas wins key ruling in Kurdistan row

Dana Gas, one of the largest oil and gas investors in Iraq's semi-autonomous Kurdish region, said on Sunday that it had obtained a favourable ruling from a London arbitration tribunal in its dispute with Kurdistan authorities.

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Kurdistan ramps up independent oil sales

Iraq's semi-autonomous Kurdistan region has ramped up independent oil sales since mid-June while cutting allocations to Iraq's state oil firm Somo in an escalating dispute over export rights and budget payments.  

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Cristal Hotels doubles up in Erbil

Construction has commenced for Cristal Grand Erbil Hotel, the second hotel to be operated by the group in the Kurdistan city, and its third in Iraq. The five-star flagship property will feature 160 rooms and suites when it opens in 2017

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Kurdistan stops oil transfers to Iraq's Somo

Iraq's semi-autonomous region of Kurdistan is shipping oil to the Turkish port of Ceyhan but has stopped transferring crude to Iraqi state oil firm Somo, two shipping sources told Reuters.   The susp

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Turkey targets Iraqi oil flows rise to over 1 mbpd: Minister

Oil flows through Iraqi Kurdistan's pipeline carrying Kirkuk and Kurdish oil to Turkey's Mediterranean coast have risen to 650,000 barrels per day (bpd) and are targeted to exceed one million bpd (mbpd), Turkish Energy Minister Taner Y

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Afren may consider exiting Iraqi Kurdistan: CEO

Afren will consider exiting the Kurdistan region in Iraq and focus on oilfields in Nigeria as it embarks on a restructuring programme, chief executive Alan Linn said.   The company has floundered under a series o

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