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 →
Iraq Oil
Energy Quote of the Day: ‘…Breached their Obligations Under the Iraq-Turkey Pipeline Agreement’
By Jared AndersonSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.Energy Quote of the Day: ‘We Would be in a Position to Send this Oil to World Markets’
By Jared AndersonThe 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 →
Timing of Iraq’s Oil Production Target Cuts No Coincidence
By Jared AndersonAmid much hype and excitement, international oil companies that had been chomping at the bit for years to get into Iraq finally got their chance in 2009 when the country hosted its first post-Saddam Hussain oil field development bid rounds. After much confusion and a generally failed first bid round, the second resulted in several… Keep reading →