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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Solar Power Brings 24/7 Electricity to Another Remote Village

Another remote village has fully shifted to solar power and ended years of electricity shortages. A clean energy project led by the Rwanga Foundation...

Oil Prices Fall to Lowest Level in Three Years as Easing Supply Concerns

Global oil prices fell sharply on Thursday, reaching their lowest level in nearly three years. The decline came as investors grew more confident that...

Erbil Fuel Authority Limits Subsidized Petrol to 50 Liters Per Vehicle

The Directorate of Oil and Gas in Erbil has issued a new directive to all fuel stations across the governorate. It instructed stations to...

Company Supplying 65% of Kurdistan’s Electricity Holds Payment Talks With Finance Ministry

A company that generates 65% of the Kurdistan Region’s electricity has met with the Kurdistan Regional Government’s (KRG) Ministry of Finance and Economy to discuss outstanding...

Runaki Program Expands to Shaqlawa and Makhmur, Bringing Erbil Closer to Full 24-Hour Electricity

The Kurdistan Regional Government (KRG) has reached another milestone in the Runaki Program. Shaqlawa and Makhmur will soon receive uninterrupted electricity. Engineers are completing...

HKN Energy Restarts Atrush Oil Field as Kurdistan Production Nears 170,000 BPD

HKN Energy has resumed oil production at the Atrush oil field, marking another important step in the recovery of the Kurdistan Region’s oil industry....
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