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Dana Gas reports turnaround; $83m net profit for 2017Dana Gas, the Middle East’s largest regional natural gas company, today reported full-year 2017 gross revenue and a net profit of $450 million and $83 million, respectively, compared to $392 million and a net loss of $88 million in 2016. More… |
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Genel puts exploration on hold, awaits Iraqi Kurdistan paymentsGenel Energy has put all exploration work on hold for this year to rein in costs, the London-listed oil producer said waits nearly $400 million in oil sales payments from the Kurdistan Regional Government (KRG). More… |
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Dana Gas says Kurdistan failed to pay $100mDana Gas, one of the largest investors in Iraq's Kurdistan, said the semi-autonomous region had failed to pay $100 million as instructed by a London arbitration court, prompting Dana to ask the court More… |
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Iraqi Kurds see sharp decline in oil exportsCrude exports from Iraq's northern Kurdish region have dropped to 50,000-60,000 barrels per day from 160,000 bpd since late last month, several Iraqi government sources said on Saturday. The reason for the decline was unknown, they sai More… |
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DNO shares up as Kurd row endsNorwegian oil company DNO International is restarting operations in northern Iraq after settling a dispute with Kurdish authorities, it said, sending its shares soaring. However, DNO said it would no longer export oil from the Kurdish regi More… |
Baghdad to exclude oil firms with KRG dealsIraq's oil minister said oil firms which have signed contracts with the Kurdistan regional government (KRG) in northern Iraq would be barred from doing deals with the central government. "Absolutely, we are considering that and we are alre More… |
