Iraq's plan for higher oil exports in 2015, emerging in detail just days after the Organization of the Petroleum Exporting Countries (Opec) shunned any output cut, will add to global over supply and is likely
Islamic State forces shelled the Syrian border town of Kobani on Saturday and its Kurdish defenders said they were expecting a new assault to try to capture it.
US-led coalition warplanes had struck at Islamic State targets overni
Iraq's new oil minister is a veteran politician who will need to deploy all his experience to resolve disputes over Kurdish oil production and allay foreign investor fears about Islamist militia control in northern oil fields.
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