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Showing posts with the label relations with global markets

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 ...

Oil, Energy, and the Strategic Future of Kurdistan

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 How Kurdish Energy Could Reshape Middle Eastern Energy Politics?      Energy has long been one of the central drivers of power and influence in the Middle East. While traditional producers such as Saudi Arabia , Iran , and Iraq dominate global attention, a quieter but increasingly significant energy actor is emerging in northern Iraq: the Kurdistan Region of Iraq . With considerable oil and gas reserves and a strategic geographic position, Kurdish energy resources could reshape regional energy politics and influence future energy routes between the Middle East and Europe. A Growing Energy Producer Over the past two decades, the Kurdistan Region of Iraq has developed a growing energy sector that has attracted major international energy companies. Oil fields around Erbil , Duhok , and Kirkuk have become central to the region’s economic development. Kurdish authorities have signed energy agreements with foreign firms, enabling the region to export oil independently ...

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