Gulf Keystone Petroleum blames market constraints for downward revision. Gulf Keystone Petroleum lowers forecast for production rates from its assets in the Kurdish north of Iraq LONDON, July 9 (UPI) -- British energy company Gulf Keystone Petroleum said Thursday it was lowering its production expectations from Kurdish assets because of adverse market factors. The company op
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Output to lag outside 12-member group in large part because of lower crude oil prices. PARIS, July 10 (UPI) -- Output from Iraq, Saudi Arabia and the United Arab Emirates helped boost OPEC oil production to a three-year high, the International Energy Agency said Friday. The Paris-based IEA said in its market report for June production from the 12-member Organization of Petrol
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Genel Energy working to rebound from low crude oil price damage. LONDON, July 13 (UPI) -- Former BP boss, Tony Hayward, was appointed Monday as the chairman of Genel Energy, one of the largest oil players in the Kurdish north of Iraq. Genel, which has headquarters in London, said Hayward, the former chief executive officer, was appointed chairman when Rodney Chase resigned fr
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Kingdom also expected to drive demand in the Middle East. Oil production from Saudi Arabia reaches new high, but demand from the de facto head of OPEC also expected to surge. VIENNA, July 13 (UPI) -- With oil demand from the Middle East expected to surge, Saudi Arabia reported to OPEC its crude oil production was at its highest levels in more than 30 years. Saudi Arabia repo
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How Iraq is Driving Itself to Hunger Every day, Iraq inches closer to hunger. The United Nations estimates that approximately 4.4 million people across Iraq require food assistance. About 30 percent of Iraqis live below the national poverty line, and this number is much higher in the poorest districts. These communities are already struggling with limited resources and basic
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