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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Genel Energy Ordered to Pay $26 Million in Compensation to Kurdistan Regional Government Following Contractual Delays

Genel Energy, a major Turkish oil company listed on the London Stock Exchange, has been ordered by a London arbitration court to compensate the...

Dana Gas and Crescent Petroleum Boost Natural Gas Production at Kormor Field by 75%

Dana Gas and Crescent Petroleum have reported a significant increase in natural gas production from the Kormor field, raising output to 525 million cubic...

Ministry of Electricity Announces Commencement of Rehabilitation Process at Kormor Field

The Kurdistan Regional Government (KRG) has confirmed that Dana Gas will carry out a three-week repair project at the Kormor oil field, which is...

DNO Announces Notable Rise in Production from Zakho Fields Despite Pipeline Closure

Norwegian oil company DNO has announced a significant production increase from its two fields in Zakho, located in the Duhok province of the Kurdistan...
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