Saturday 12 July 2014
oil contracts

Iraqi Kurds export first heavy oil to global market

Iraq's Kurdish region has started exports of heavy crude to world markets, traders and industry sources said, a further step to wrestle more control of its lucrative oil sector from the central government in Baghdad. Trucked t


Turkey backs off Kurdistan energy deals under pressure

Turkey and Iraqi Kurdistan have yet to completely finalize a package of energy deals, and Ankara will seek Baghdad's co-operation on the issue, the Turkish foreign ministry said on Saturday after sources said the contracts had been signed.


Turkey, Kurdistan ink landmark energy contracts

Turkey and Iraqi Kurdistan signed a multi-billion-dollar energy package this week that will help transform the semi-autonomous region into an oil and gas powerhouse but infuriate a central Baghdad government wary of increasing Kurdish autonomy.


Oman to award $1.04bn oil contracts by year end

State-run Oman Petroleum Company (PDO) is planning to award $1.04 billion worth of contracts for work in its oilfields before the end of this year, a company official said on Tuesday. 'We are processing the tenders submitted for variou


US oil firm outlines 5-year Iraq plan

US-based Defense Solutions, an international project management firm in the defence and energy fields, has outlined the firm's five year growth plan that capitalizes on the firm's extensive opportunities in Iraq. Release of the business pl


Iraq vows to honour Kurd oil contracts

Iraq will respect profit-sharing contracts signed by the Kurdistan region with foreign oil firms, ending a long-standing dispute between the two sides, Prime Minister Nuri Al Maliki has said. He said Baghdad finally agreed because extracti


Iran sweetens oil contracts offer

Iran's revised oil and gas development contracts offer more incentives to foreign firms and Turkey's reservations about the deals reflect an initial lack of knowledge, said the Iranian oil minister. A Turkish energy ministry source

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