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Showing posts with the label global energy security

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 ...

The Monster in the Gulf: How the World Learned to Live Without Gulf Oil

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By Dr. Pshtiwan Faraj Sulaimani, Iraqi Kurdistan — Kurdish Policy Analysis As conflict threatens the Strait of Hormuz and Middle Eastern instability intensifies, a deeper transformation is underway. The world's energy system may already be adapting to a future where Gulf oil is no longer the indispensable strategic weapon it once was. How did the world learn to live without Gulf oil? "My Mercedes is mine; my son's Land Rover is his; but my grandchildren, it seems, are riding on the back of a camel again." - Sheikh Rashid bin Saeed Al Maktoum. Anas Al Haj, one of the world’s most savvy energy experts, offers a full picture of the distorted reverse energy crisis announcement and debunks the low crude narrative, pointing out that the market has suffered a fundamental misunderstanding of data. The journey of depleting oil reserves in the world's imagination! Al-Hajj’s main view is that the reported decline in reserves is just an optical illusion, as 98% of the decline...

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