Iraq's semi-autonomous Kurdistan Regional Government will ramp up oil exports in the coming months, moving it closer to economic self-sufficiency while it works to clinch a final deal with Baghdad on crude sa
Oil producers including Genel and Gulf Keystone Petroleum, have received initial payments for oil exports from the Kurdistan Regional Government (KRG), paving the way for more steady oil revenues for producers in Iraqi Kurdistan.
Genel Energy has signed an agreement with the Kurdistan Regional Government (KRG) to develop two huge gas fields that could supply Turkey with gas from the winter of 2017/18.
The Miran and Bina Bawi gas fields,
Iraqi Kurdistan has sold 34.5 million barrels of oil worth almost $3 billion since January, the Kurdistan Regional Government said, despite opposition from the federal government to independent oil sales from the region.
The KRG s
Iraqi Kurdistan has increased its oil exports to almost 300,000 barrels per day, the semi-autonomous region's natural resource minister said on Thursday, adding he expected them to rise to around 500,000 bpd early next year.
The US is working closely with the Iraqi Kurdistan Regional Government to clamp down on oil smuggling in a bid to cut off a key source of funding for Islamic State, a senior US official said.
Islamic State mili
The Kurdistan Regional Government in Iraq has approved a major new oil field development majority-owned by Hungary's MOL, the company said on Thursday.
The minister of natural resources has given the green light for the field