by Daniel J. Graeber
Washington (UPI) Nov 8, 2017
An oil and gas conference meant to showcase opportunities in the Kurdish north of Iraq is cancelled because of regional circumstances, the government said.
The Kurdish Ministry of Natural Resources said that "due to the current logistical and other circumstances" in the region, it could no longer support the CWC Kurdistan-Iraq Oil and Gas conference in December in London.
"The ministry has suggested that CWC postpone the conference to the first quarter of 2018, and we hope to see the conference participants at a rescheduled date," the government stated.
Fighting escalated in October between Iraqi and Kurdish military forces, weeks after a controversial Kurdish referendum for independence. The Kurdish referendum coincided more or less with the liberation of parts of northern Iraq from the terrorist group calling itself the Islamic State.
There were reports that some of the flow of oil from northern Iraq to a Turkish port on the Mediterranean Sea was interrupted and U.S. supermajor Chevron later said it was scaling back its operations in the Kurdish north in response to the security situation.
Data supplied by commodity pricing group S&P Global Platts to UPI show total Kurdish exports at around 250,000 barrels per day from Oct. 17. That's less than half the total from before Iraqi forces seized control over the oil fields in the contested province of Kirkuk, severing an economic lifeline for the Kurdish north.
Crude oil from northern Iraq flows primarily by truck and through a pipeline from Kurdish territory to a Turkish sea port. A second pipeline from Iraqi territory in the north could be used once it's rehabilitated.
So far, there have been few indications that oil operations within traditional Kurdish borders have been impacted by the unrest.
Kurdish military forces backed out of the northern city of Sinjar after a confrontation with paramilitary forces loyal to the federal government in Baghdad. The city is included in territories of dispute between the semiautonomous Kurdish government and the federal government in Baghdad. Disputed territories run north from a line stretching from Khanaqin along the eastern border with Iran to Sinjar, near the border with Syria.
Riyadh (AFP) Nov 7, 2017
The United States called Tuesday for international action to hold Iran to account after Saudi Arabia accused Tehran of "direct military aggression" over a Yemeni rebel missile attack near Riyadh. The Iran-backed Huthi rebels also threatened to attack ports and airports in Saudi Arabia and the United Arab Emirates, escalating a crisis between Riyadh and Tehran. Saudi Arabia's powerful cro ... read more
All About Oil and Gas News at OilGasDaily.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|