Dana Gas, the leading publicly-listed regional natural gas company in the Middle East, and its partner, Crescent Petroleum, the oldest private oil and gas company in the region, have reported record sales and gas production from its operations in the Kurdistan Region of Iraq (KRI), which surged to hit 452 million cu ft of gas per day (MMscf/d) at the end of 2021. The product
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Cowboy Drugstore : Traces of a kleptocrat from Iraq to Delaware to Miami. By Zacck Kopplin * Masrour Barzani, Iraqi Kurdistan prime minister and owner of a Miami building housing a CVS A few blocks from the water, in the heart of Miami’s glitzy South Beach, is a drugstore not like the others. Tourists buying sunscreen and straw hats from the CVS on
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The unexpected directive could spur progress toward ending the wasteful and environmentally damaging practice of flaring, but it also raises concerns for oil companies. Kurdistan gives oil companies 18-month deadline to end gas flaring A flare burns at the Taq Taq oil field in 2016. (STAFF/Iraq Oil Report) By LIZZIE PORTER AND RAWAZ TAHIR of Iraq Oil Report Publishe
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Despite the Government of Iraq and the Kurdistan Regional Government (KRG) agreeing a deal over its 2021 budget on December 20, the road to parliamentary approval may be bumpy, market participants told Debtwire. “Parliament has yet to approve [the budget], there is significant opposition to the KRG provisions there and so the deal could be held up, delayed or not implemented
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If the Iraqi Kurdish region manages to reform its oil industry, it could become a model for the whole of Iraq. Iraq is one of the most corrupt countries in the world and oil has a lot to do with it. With nearly $100bn in annual revenues coming from oil, which constitutes 90 percent of its budget, the country is a great example of what political economists call "the resource
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