Energy

Brent Crude Returns Above $84 as Supply Risks Persist

Oil prices edged higher on Tuesday after suffering sharp losses in the previous session. Renewed concern about possible disruptions to Middle Eastern supplies supported the rebound, while prospects for...

Salary Funds Expected to Reach Kurdistan Region by Mid-Next Week

A senior source in Baghdad says no legal or political obstacles remain to transferring salaries for public employees...

SOMO: Kurdistan Region Oil Output Falls to 20,000 Barrels per Day

Oil production in the Kurdistan Region has fallen from 230,000 barrels per day to only 20,000 because of...

Genel Energy Reports 66% Drop in Tawke and Peshkabir Oil Output

Genel Energy reported a 66.3% decline in combined oil production from the Tawke and Peshkabir fields during the...

Gold Prices Rise Above $4,050 per Ounce

Gold prices edged higher on Tuesday and remained above $4,050 per ounce as investors weighed renewed US-Iran tensions...
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KRG Electricity Restoration Reaches 4,500 MW After Attack

The KRG electricity restoration effort reached a major milestone as the Kurdistan Regional Government confirmed that power production will climb to 4,500 megawatts. The Minister of...

Gas Flow from the Kormor Field to Power Stations Has Restarted

Gas flow from the Kormor field has restarted after engineers halted production for three days. The restart brings crucial relief to power stations that...

Kurdistan Oil Exports Reach Nearly 6 Million Barrels in October

Ministry of Oil has released the final statistics for oil exports and revenues for October. According to the report, Iraq’s total crude oil exports,...

US Strengthens Long-Term Energy Cooperation with the Kurdistan Region

The United States increased its support for long-term energy cooperation with the Kurdistan Region during a high-level meeting. The KRG Ministry of Natural Resources said the...

Kurdistan Advances Bawanur Dam as Key Energy and Agriculture Project

The Kurdistan Regional Government (KRG) is moving forward with the Bawanur Dam, a major step for energy and agriculture in the region. The KRG...

U.S. Sanctions Shift Iraq’s Oil Output While Kurdistan Region Sector Stays Stable

U.S. sanctions on major Russian oil companies created serious disruptions in Iraq’s southern fields. However, the Kurdistan Region remains stable. Iraqi lawmaker Sabah Subhi...
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