Home / Economy (page 9)

Economy

Attack shuts down Kirkuk-Ceyhan pipeline carrying Kurdish oil

Kirkuk Turkey pipeline

The Kirkuk-Ceyhan pipeline, which transports crude from the Kurdistan Region to Turkey, has been shut down due to sabotage, Turkish Energy Minister Taner Yildiz said Wednesday.The pipeline was bombed in Turkey’s Kurdish province of Sirnak in the southeast, according to information by the Turkish Energy Ministry.“We have shut down the …

Read More »

Kurdistan Cash Squeeze Tests Western Oil Groups

The oil map of Kurdistan Region.

It is one of the cheapest places on earth to drill for oil — but also among the most dangerous. And, right now, Kurdistan’s intrepid band of western operators are sweating. Tumbling oil prices and a dispute over crude sales between war-torn Iraq’s federal government and the Kurdish administration have left three …

Read More »

Erbil-Baghdad Oil Relations Swing Between Deal, No Deal

Workers adjust a valve of an oil pipe in Tawke oil field near Duhok.

Encouraged by more international interest in purchasing its oil, coupled with the apparent failure of the federal Iraqi government to provide agreed-upon budget handouts, the autonomous Kurdistan Regional Government (KRG) has embarked on a new policy of unilateral independent oil sales. Since the beginning of June, the KRG has unilaterally sold the bulk of oil produced …

Read More »