Kurdish Government Still Owes Genel $233 million

• Friday, 6th March 2015
• by Egypt Oil & Gas

Genel Energy, one of the main oil producers in Iraqi Kurdistan, said it is still owed $233 million for oil it sold to the Kurdistan Regional Government (KRG) but is hopeful stable payments will start this year. The oi...

Turkey Looks for Oil in Iraq with Ending of Kurd Insurgency

• Monday, 2nd March 2015
• by Egypt Oil & Gas

Energy Minister Taner Yildiz said on Monday Turkey will explore for oil in the Qandil region of Iraq and that a move towards disarmament by the outlawed Kurdistan Workers Party (PKK) should pave the way for this to ha...

Iran to Fuel Iraq’s Kurdish Power Stations

• Sunday, 1st March 2015
• by Egypt Oil & Gas

Iran has signed a memorandum of understanding with Iraq’s Kurdistan to export gas and gasoline to the semi-autonomous region. An Iranian delegation headed by Iran-Iraq Economic Development Committee Chairman Rostam Gh...

Hayward: Low Prices Will Retard Iraq Oil Growth

• Wednesday, 11th February 2015
• by Egypt Oil & Gas

The head of Iraqi Kurdistan-focused oil producer Genel said Tuesday that Iraq’s crude output would grow far slower than many expect, as the drop in oil prices reduces investments and stokes instability in the co...

Kurdish Oil Exports Localized

• Monday, 9th February 2015
• by Egypt Oil & Gas

Oil producers in Iraqi Kurdistan, including Gulf Keystone Petroleum and Genel, have started ramping up deliveries to the local market at the expense of foreign sales after months of unpaid export bills. Gulf Keystone ...