London (CNN) -- Luay al-Khatteeb spoke to CNN about the impact of ISIS' march through northern Iraq, and the militant group's control of some oil fields. He explained how they used the oil fields to raise funds, and how it could impact global prices. This is an edited version of the conversation. How much of Iraq's oil market do ISIS control? ISIS control just a few marginal
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Hundreds of tankers wait to cross into Iran in one of several lots near the Parwezkhan border crossing in Diyala province, Nov 6, 2013. The fuel and oil trade has long been active. () TUZ KHURMATU - Since invading huge swaths of northern and central Iraq, the Islamic State of Iraq and al-Sham (ISIS) has been smuggling increasing amounts of crude scavenged from Iraq's s
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HOUSTON, July 2 (UPI) --HOUSTON, July 2 (UPI) --A lack of infrastructure in the Kurdish north of Iraq could be an inhibiting factor in the region's oil development, analysis from Platts finds. Platts Oilgram News reports the semiautonomous Kurdistan Regional Government is engaged in a "war of words" with Baghdad over jurisdiction of oil in the country. KRG oil sent from the T
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Download PDF 1- Preface As from January 2014, the Kurdistan Regional Government (KRG) has begun to export crude oil directly to world oil markets through a new pipeline to the Turkish port of Ceyhan from oil fields under its control. Dispatched without the approval of Iraq’s central government, with the first shipment put up for sale before the end of January 2014. With the
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The government wants to expand power generation capacity rapidly, but proposed new legislation is inadequate for the task, say Luay Al-Khatteeb and Harry Istepanian IRAQ's electricity sector has been in crisis since 2003, with citizens still facing long hours of blackouts despite the government's mammoth spending on electricity over the past 10 years. The sector has underperfo
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