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Economy

Genel Targets 140,000 B/D in 2013

Genel is working on building a pipeline from Kurdistan Region to Turkey,

Genel Energy confirmed in an interim management statement Monday that its 2013 guidance remains unchanged. The firm expects to produce between 45,000 and 55,000 barrels of oil per day (bopd) along with revenue of between $300 and $400 million. Genel said that its new working-interest production for the first quarter …

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Oil Pipeline Dear Signed Between Kurdistan Region and Turkey

The KRG argues that it has exported the agreed amount of oil, while Baghdad denies.

Iraq’s Kurdistan Region has signed a landmark agreement with Turkey to supply it directly with oil and gas, two people familiar with the matter said. The accord was signed last month when Turkey’s Prime Minister Recep Tayyip Erdogan met Iraqi Kurdish Prime Minister Nechirvan Barzani in Ankara, said the people, who asked …

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Iraqi Kurds Urge US Neutrality In Oil Dispute

The Natural Resources Minister replies to a number of issues regarding oil and gas issues in Kurdistan.

The Kurdistan Region is pressing the Obama administration to remain neutral in a sensitive dispute with the Iraqi central government over whether it can export oil and gas without Baghdad’s approval. The Kurdish Regional Government’s Energy Minister Ashti Hawrami was meeting with Obama administration officials Friday following recent talks with …

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