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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“Resumption of Oil Exports in Kurdistan Region Under Discussion” Says Iraqi Oil Minister

The Iraqi Oil Minister, Hayyan Abdul Ghani, has confirmed ongoing discussions regarding the resumption of oil exports from the Kurdistan Region of Iraq (KRG)...

Impact of Falling Oil Prices on Iraq’s Revenue and Economic Stability

The recent plunge in oil prices to a four-year low has raised significant concerns for oil-dependent economies such as Iraq, where oil revenue constitutes...

Challenges in Resolving Oil Export Disputes Between Erbil and Baghdad: A Week to Finalize Consultancy Agreement

The ongoing negotiations between the Kurdistan Regional Government (KRG) and the Federal Oil Ministry face significant hurdles, primarily regarding the re-exportation of oil from...

Discussions Ongoing Over Appointment of Consulting Firm for Kurdistan Oil Audit

Following the amendments made to the Iraqi budget in mid-February of this year, Erbil and Baghdad were expected to appoint a consulting firm within...

Key Issues Remain as Erbil and Baghdad Agree on Resuming Oil Exports

The Iraqi Oil Ministry has indicated that there is no major disagreement between the federal government and the Kurdistan Regional Government (KRG) regarding the...

Erbil: The majority of neighborhoods in the city have received 24-hour electricity refill forms

In an effort to improve and manage the electricity distribution system, 24-hour electricity refill forms have been distributed to the majority of neighborhoods across...
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