Taking a chance in Kurdish Iraq
The KRG referendum result and subsequent Iraqi army offensive against the Kurds underline how risky it is for companies involved in the export and sale of Kurdish crude
The long-standing energy issues on which Erbil and Baghdad disagree essentially relate to the differing interpretations on the part of the Kurdish Regional Government (KRG) and the Federal Government of Iraq (FGI) over provisions of the Iraqi Constitution. In short, the KRG claims that it's entitled under the Constitution to enact its own oil and gas legislation, passing Law No 22 of 2007, the KRG Oil and Gas Law, under which the regional government granted itself powers to enter into production-sharing contracts (PSCs) with international oil companies (IOCs). The FGI asserts that the KRG Oil and Gas Law and the PSCs entered into by the KRG are unconstitutional and therefore invalid. The Bag
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
