Stars align for Kurdish gas exports
Erbil's long-held ambitions to sell its plentiful supplies to gas-poor neighbours move closer to fruition
The trio of foreign operators producing the bulk of Iraqi Kurdistan’s oil released an upbeat set of first-quarter results in May on the back of the global market recovery—albeit days before being notified that the regional government intends to amend arrears repayment terms to their detriment. Profitability and investment in their respective assets, clustered in the far northwest of the semi-autonomous territory, resumed. A promise by Bijan Mossavar-Rahmani, executive chairman of Norway’s DNO—operator of the most prolific field—to go “like a bat out of hell” after additional growth opportunities summed up the more bullish sentiment. 440mn ft³/d – New record Khor Mor output Of po
Also in this section
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
13 May 2024
But optimism about island nation checked by competition around African upstream investment and history of false dawns
9 May 2024
Pipeline boosts Canada’s oil industry by widening its export options, making it less reliant on US market and bringing Asia into the mix