A tanker loaded with $100 million of Kurdish crude oil cannot be delivered in Texas soon because of risks for buyers as Iraq mulls further legal challenges, so a month-long standoff will drag on, a source close to the matter said.
A tanker carrying crude oil from Iraqi Kurdistan was cleared by the US Coast Guard to unload its cargo at sea off Texas on Sunday as a State Department official signaled Washington would not intervene to block de
A tanker carrying crude oil from Iraqi Kurdistan has neared the Port of Galveston in Texas, according to Reuters ship tracking data and the US Coast Guard, despite Washington's concerns about independent oil sales from the autonomous region.
Oil producer Gulf Keystone Petroleum said plans to increase production from its Shaikan oil field in Iraqi Kurdistan were on track despite escalating violence in the region.
The London-listed oil firm said on Friday three wells at
Iraq's oil minister on Monday condemned the export of pipeline crude from Iraqi Kurdistan and threatened the region and Turkey, its point of export, with severe measures.
"What happened in my view was the biggest mistake
UK-listed oil exploration firm Gulf Keystone has restarted production in Kurdistan, ending a half-year hiatus since the regional government asked operators there to stop pumping, industry sources said.
The company is now producing
Siemens said it has won a contract worth more than 100 million euros ($128 million) from Erbil-based KAR Group to supply gas turbines and generators for a gas turbine power plant in northern Iraq.
As per the contract, Siemens will
Vallares, the bid vehicle of former BP boss Tony Hayward and financier Nat Rothschild, is in early stage talks to buy Genel Enerji, the biggest oil producer in Kurdistan in northern Iraq, the Sunday Times said.
The newspaper cited unidenti
An explosion rocked a bus carrying military personnel in Turkey's largest city of Istanbul on Tuesday, killing three people a day after the Turkish military stepped up operations against Kurdish separatists.
Iraq's Oil Ministry will blacklist China's Sinopec and prohibit it from competing in a second bidding round for oilfield tenders if it confirms its purchase of Swiss oil explorer Addax Petroleum, a senior Iraqi oil official said on Monday.