Major news out of Iraq is getting drowned out by falling oil price coverage. The Kurdish Regional Government and Iraq’s central government today reached an agreement on exporting oil and sharing revenue. The KRG will release 500,000 or 550,000 barrels of oil per day (reports conflict on this here and here) to Iraq’s State Oil… Keep reading →
All eyes have been on risks to Iraq’s continued ability to supply world markets with oil, but power generation is critical to keeping regional populations calm and facilitating oil industry operations. The violently-contested Baiji refinery supplies refined products to the domestic market, but there is also a 1,320 MW power plant nearby that supplies 10%… Keep reading →
Iraq’s Oil Ministry is taking legal action against The Republic of Turkey and state-owned pipeline operator BOTAŞ, further ratcheting up tensions between Baghdad and the Kurdish Regional Government over oil exports. The ministry filed an arbitration request with the International Chamber of Commerce (ICC) in Paris in response to reports that oil pumped from Iraqi… Keep reading →
The long-running dispute over oil exports between the Kurdistan Regional Government and Iraqi federal leadership in Baghdad rattles on, with Turkey becoming increasingly vocal. Iraqi officials have yet to cement a national oil law that would standardize regulations covering exports and revenue distribution from oil shipped via pipeline from Iraqi Kurdistan to Turkey, where it… Keep reading →
An oil export agreement between Iraqi Kurdistan and central government leadership in Baghdad is expected in days according to reports. The two sides have been meeting at a conference in Turkey. A new pipeline is being constructed that is expected to transport 1 million barrels of oil per day from Kurdistan to Turkey for export… Keep reading →
States are battling to entice Tesla Motors to construct a $5 billion lithium-ion battery plant within their borders that could bring as many as 6,500 jobs. This Greentech Media article highlights recent news coming from each potential location – Texas, Nevada, New Mexico and Arizona – and suggests reasons why the factory should be built… Keep reading →
Baghdad’s promising offer on oil exports and revenues could provide vital breathing room to build a permanent revenue-sharing law, and Washington should encourage the Iraqi Kurds to sign on. On February 16, the Iraqi central government and the Kurdistan Regional Government (KRG) will hold another round of negotiations on oil exports and revenue sharing, the… Keep reading →
Prince Alwaleed bin Talal, a Saudi billionaire investor with holdings in outfits like Citigroup and Time Warner, published a critical letter to Saudi Arabia’s oil minister, Ali Al-Naimi (on twitter, no less). It said that the country “won’t be able to fulfill its plan to increase capacity to 15 million barrels a day”, that “there’s… Keep reading →
