IOCs ordered to cease all flaring of associated gas within 18 months or face fines
The curious case of Kurdish gas
The KRG is seeking to increase gas flows and reduce flaring, but its strategy has raised a few eyebrows
The Kurdistan Regional Government (KRG) is moving to exert greater control over its oil and gas industry under Minister of Natural Resources Kamal Atroshi, who was sworn into office in January. Operators may not, though, see the greater engagement as unconditionally positive. IOCs active in Kurdistan had been sitting relatively pretty—14 months of consecutive timely payments coincided with the December announcement by the Ministry of Natural Resources (MNR) of a plan to pay off several months’ worth of debts. Under the MNR’s framework, firms received an additional $0.50/bl produced for each dollar over $50/bl in the realised price of crude, allowing them to slowly make good the arrears, say
Also in this section
27 February 2026
LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
27 February 2026
The assumption that oil markets will re-route and work around sanctions is being tested, and it is the physical infrastructure that is acting as the constraint
27 February 2026
The 25th WPC Energy Congress to take place in tandem as part of a coordinated week of high-level ministerial, institutional and industry engagements
27 February 2026
The deepwater sector must be brave by fast-tracking projects and making progress to seize huge offshore opportunities and not become bogged down by capacity constraints and consolidation
