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Who really controls Kurdistan’s gas? The Dana Gas deal, the KRG’s silence and the hidden cost of selling energy to Iraq

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By Dr. Pshtiwan Faraj | Kurdish Policy Analysis      A $2.239 billion arbitration settlement, a contract running until 2049, expanded rights for Pearl Petroleum and a new battle over gas sales to Baghdad are raising uncomfortable questions about who ultimately controls Kurdistan’s most strategic natural resource. The latest dispute over Khor Mor gas is exposing a much deeper problem in the Kurdistan Region’s energy sector: the public still does not appear to have a clear picture of who controls the region’s gas, who is authorized to sell it, and how much of its future value has already been committed to private companies. At the center of the controversy is Pearl Petroleum, the consortium led by Dana Gas and Crescent Petroleum, and a settlement agreement reached with the Kurdistan Regional Government (KRG) on August 30, 2017. Kurdistan Parliament member Kawa Sheikh Ali has now sharply criticized that agreement, asking why a government would effectively commit its natural ...

Which country is the biggest loser from the energy shock?

Energy Shock Exposes Vulnerabilities as Import-Dependent Economies Bear the Brunt. Poorer, energy-importing countries emerge as biggest losers from global supply disruption triggered by Iran conflict.  We rank the poor world's exposure and buffers ERBIL, April 3 (Kurdish Policy Analysis) – The global energy shock triggered by the Iran conflict is disproportionately hitting poorer, import-dependent economies, exposing deep structural vulnerabilities in the global energy system, according to analysis by The Economist . As oil and gas prices surge following disruptions in the Strait of Hormuz—one of the world’s most critical energy chokepoints—countries heavily reliant on imported fuel are facing mounting economic pressure. The crisis has been described as one of the largest supply disruptions in modern energy history, affecting roughly a fifth of global oil flows. The analysis highlights that the biggest losers are not necessarily those directly involved in the conflict, but econo...

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