Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
Iraq top court orders Kurdistan to ship all oil to Baghdad
by AFP Staff Writers
Baghdad (AFP) Feb 15, 2022

Iraq's top court on Tuesday ordered the autonomous Kurdistan region to deliver all oil produced there to the federal government in Baghdad -- a move that could reignite long-standing tensions.

A ruling by the federal Supreme Court stipulates that the Kurdistan Regional Government deliver "the entire production of oil fields in Kurdistan" to the federal government.

But Kurdish authorities are unlikely to comply with the ruling, given years of disputes over Baghdad's share of Kurdish petrol.

Iraq is the second largest producer in the Organization of the Petroleum Exporting Countries (OPEC). The nearly 3.5 million barrels per day exported by the country account for more than 90 percent of Iraq's income.

The court's ruling, published on its website, also called on the Kurdish authorities to "review all oil contracts entered into by Kurdistan for the export and sale of oil and gas".

Iraq's federal government has long called for all oil exports in the country to go through it, having previously lashed out at Turkey in 2012 and 2014 for its role in refining and re-exporting oil produced in the Kurdistan region.

According to a deal struck between Baghdad and the Kurdish capital Arbil, the Kurdish region delivers 250,000 of its more than 400,000 barrels of oil per day to Baghdad, in return for its share of the federal budget.

The share is used to pay the salaries of Kurdish civil servants and peshmerga fighters.

The Kurdistan region, which has been autonomous since 1991, held a referendum on independence in 2017 that inflamed tensions with the federal government.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Oil majors face backlash as era of big profits returns
Paris (AFP) Feb 13, 2022
Soaring energy prices have brought massive profits to oil majors - along with fierce criticism from environmentalists and politicians at a time when consumers are left with rising bills. US firm ExxonMobil, France's TotalEnergies, and UK giants Shell and BP announced in the past week 2021 profits totalling a whopping $66.7 billion. It marked a huge turnaround from 2020, when they posted losses as the pandemic emerged, prompting lockdowns that brought the world economy to a grinding halt and cau ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
At bioenergy crossroads, should corn ethanol be left in the rearview mirror?

Accelerated ammonia synthesis holds promise for conversion of renewable energy

Breakthrough in converting CO2 into fuel using solar energy

Steering conversion of CO2 and ethane to desired products

OIL AND GAS
Solar-powered system offers a route to inexpensive desalination

Disorder-engineered inorganic nanocrystals set a new efficiency record for ultrathin solar cells

Making metal-halide perovskites useful in planar devices through a new hybrid structure

Historic buildings could be protected from rising energy bills by solar panels

OIL AND GAS
Turbine 'torture' for Greek islanders as wind farms proliferate

Jet stream models help inform US offshore wind development

Wind powers change in England's industrial heartland

Owl wing design reduces aircraft, wind turbine noise pollution

OIL AND GAS
Nuclear power may be the key to least-cost, zero-emission electricity systems

Macron calls for 14 new reactors in nuclear 'renaissance'

Missouri research reactor supplies critical medical isotopes during global disruption

Atlanta to host key SMR and Advanced Reactor event in May

OIL AND GAS
Nations to review harrowing catalogue of climate impacts

Spain, Portugal hit by winter drought

ESA hosts new office to coordinate global climate modelling push

UN science report to sound deafening alarm on climate

OIL AND GAS
As costs jump, Sao Paulo Uber drivers set to launch rival app

Musk pushes the boundaries in Tesla autonomous campaign

Volvo Cars and Mercedes boost profits despite sales slump

US Mazda drivers stuck listening to public news radio

OIL AND GAS
In Iraq's Mosul, library rises from ashes of IS reign

UN panel wraps up after Iraq pays $52.4 bn for Kuwait invasion

Iraq struggles to make use of Saddam's crumbling palaces

Mired in poverty, dozens of Lebanese join jihadists in Iraq

OIL AND GAS
Novel crisis: Iran's books shrink as US sanctions bite

South's Moon warns of 'crisis' if NKorea restarts long-range missile tests

Biden under pressure as Iran nuclear talks resume

Iran nuclear deal 'in sight' as talks resume









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - 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. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.