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OMV Starts to Pump Oil in Kurdistan Region

The Austrian energy group OMV's refinery is pictured at dawn in Schwechat.. Heinz-Peter Bader / Reuters

OMV, the Austrian oil company part-owned by Abu Dhabi, has started pumping oil in the Iraqi Kurdistan Region Production of a test well at the Bina Bawi field in the autonomous region has begun at an initial 5,000 barrels per day (bpd), the company announced yesterday. “OMV sees the Kurdistan …

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Twin Boost For Dana Gas Recovery

Oil and Gas Dana Gas in Kurdistan

Dana Gas’s financial health took another step towards recovery after the company announced it had received further payments for its natural gas in Egypt and the Kurdish region of Iraq, and that the refinancing of a US$920 million (Dh3.37 billion) Islamic bond was nearing completion.  The Sharjah-based gas producer said …

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KRG Prime Minister Promotes Kurdish Oil on European Visit

The KRG Prime Minister met German Chancellor Angela Merkel on March 21st, outlining the Kurdistan Region's oil export capacity.

The prime minister of the Kurdistan Regional Government (KRG), Nechirvan Barzani, has taken part in an international conference on energy security and foreign affairs organized by the Christian Democratic Party and headed by German Chancellor Angela Merkel. The visit to Germany has sparked European interest in Kurdish crude oil.  Once back, …

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Kurdistan’s Billion-Barrel Oil Investment

The oil map of Kurdistan Region.

The diplomatic war of independence between Iraq and its Kurdistan Region is escalating rapidly, with the flashpoint for armed conflict being the Kirkuk oilfield on the boundary between the two sides. While both sides have pulled back some of their troops poised for conflict recently, 2014 could be decisive as …

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