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Tag Archives: oil

Brent Oil Rises by Most in 3 Days on Erbil Bombing

The interior of the car used in the attack in Erbil, the capital of Kurdistan Region, Nov. 19, 2014.

Brent crude rose by the most in three sessions after a car bomb exploded in the Kurdish region ofIraq, OPEC’s second-largest producer. West Texas Intermediate also gained in New York. Futures climbed as much as 1.3 percent in London. At least five people were killed when a car bomb exploded outside the …

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Kurdistan – Baghdad Reach Deal on Oil Exports and Payments

The Iraqi oil minister pledged to resolve oil-related problems with the KRG at the beginning of this month.

The government of Iraq and the semi-autonomous region of Kurdistan have reached a deal to ease tensions over Kurdish oil exports and civil service payments from Baghdad, Iraq’s finance minister told Reuters on Thursday. Hoshiyar Zebari said the central government had agreed for the time being to resume payments from …

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KRG Approves Measures to Strengthen Hand on Oil

The KRG decided to establish the Kurdistan oil exploration and production company.

  The Kurdistan Regional Government (KRG) is moving forward with legislation to further reduce its ties with Baghdad, as the cabinet put two oil and gas laws forward for parliamentary approval next week, KRG officials said.The cabinet approved a bill at its session on Wednesday that would create a special …

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