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Tag Archives: oil

KRG: 10 Million Barrels of Oil Exported in March

natural resources ministry krg

The Kurdistan Regional Government (KRG) today publishes the monthly crude oil export report for March 2016. The report details: All oil export volumes through the KRG-Ceyhan crude oil pipeline; all crude oil cargoes lifted from Ceyhan by the buyers; and the revenues received on account by the KRG during the …

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Kurdistan’s Economy Is On Its Knees

Oil windfalls brought attracted investors  a number of years to Kurdistan Region; now the KRG is on a total bankruptcy.

Near a quiet park in Sulaimaniya, the second largest city in Iraq’s Kurdistan region, Ali and his fellow taxi drivers are engaged in deep conversation. The topic touches upon the struggles that he and his friends are now facing. “There are few customers these days. People don’t have the money …

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Genel Reveals New Downgrade on Iraqi Kurdistan Oil Reserves

Tony Hayward, left, with Genel Energy’s  former chairman, Rodney Chase, at a site in the Taq Taq oil field.

Oil reserves at Genel, the London-listed producer chaired by former BP boss Tony Hayward, have been downgraded for the second time in weeks. The company, which produces oil in Iraqi Kurdistan, said on Friday that it had 8 per cent less probable and proven reserves than previously thought after a …

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