Kurdish oil and regional politics oxford institute for energy. Kurds win syrian oil under secret usrussian deal debkafile. Like iraqi kurdistan, oil in nigeria makes up a large portion of its economy. Projects in kurdistan region, iraq crescent petroleum.
Kurdish nationalism in whichwhether encouraged by iraqi kurds or notkurdish populations in iran, turkey, or syria not only support the establishment of a sovereign kurdistan in northern iraq, but even seek to join the new nation. B055 oil and borders how to fix iraqs kurdish crisis. The kurdistan oil and gas law pdf was approved by the kurdistan parliament, on 6 august 2007. Currently producing 350,000 million barrels of oil per day, by end of 2015, krg will produce 1 million barrels of oil per day. The regional council of oil and gas affairs expects the release of the fourth report covering oil exports, consumption and revenues for second quarter of 2018 1 april to 30 june in the near future.
Deloitte report on kurdistan oil and gas new data iraq. A look at how the relative stability in iraqs kurdistan has enabled them to lease land to foreign oil companies for the exploitation of their huge oil reserves. The politics of oil in the kurdistan region of iraq. With the dissolution of the ottoman empire after world war i, many kurds hoped for the establishment of an independent state in kurdistan. Iraq and krg energy policies american university of iraq. Beyond oil and gas, the region is rich in minerals such as copper, iron, zinc and limestone. Kurdistan regional government supports draft federal oil. Russias consent to hand over syrias biggest oil field to proamerican kurds was calculated to yield a quid pro quo in the form of washingtons support for the russian oil giant rosneft taking control of the kurdish oil pipeline from the krg via turkey to the mediterranean. The kurdish homeland kurdistan is therefore now divided amongst four new nationstates. Iocs international oil companies ipp independent power producers isis islamic state of iraq and syria jica japan international cooperation agency krg kurdistan regional government mena middle east north africa region opec organization of petroleum exporting countries pds public distribution system pmt proxymeans testing. After a misjudged independence referendum in october 2017, the region lost almost half its landand oil export capacityas federal forces retook a swath of contested territory, including the oil rich city of kirkuk. Many international oil companies iocs poured into the region to extract cheap oil and get high profit out of thebusiness. Pdf on oct 1, 2017, kamal kolo and others published oil, iraq and the creation of nation state.
The proposed constitution enshrines kurdish claims to territories and the oil. Oil producers in the country have relatively low upstream costs and greenfield projects ready to roll. Bottom hole temperature bht data from 12 oil wells in iraqi kurdistan were used to obtain the thermal trend of iraqi kurdistan. Beyond oil and gas, the region is rich in minerals such. Targeted primarily at decisionmakers and opinion leaders, the publication was launched in 2005. As per krgs agreement with the iraqi government and under the 2015 budget law. The kurdistan region of iraq kri started 2018 in an awful mess. All links given in this fact sheet, however, including that to the. Iraqi kurdistan begins its recovery after a difficult year.
Although kurdish oil and gas reserves or northern iraqs are important and attractive, the market impact could be minimal and mitigated by current oil stocks. Oil and gas development in kurdistan region of iraq has become an important and contentious issue since 2005. Investment factsheet kurdistan region iraq turkmen, armenians per usd. Initial indications are that the oil field contains at least 100 million barrels 16,000,000 m 3 of oil and will be pumping 5,000 bbld 790 m 3 d by early 2007. The current state of oil production plans in the kurdistan region of iraq. Kurdistan, broadly defined geographic region traditionally inhabited mainly by kurds. Iraq and the evolving energy world the global energy sector is undergoing fundamental changes. With an estimated potential of 45 billion barrels of oil reserves in the krg administered region alone, and gas reserves of about 250 trillion cubic feet. Syria, turkey, iraq and iran which after shah reza pahlavis successful coup detat in 1921 is no longer controlled by the qajar dynasty. Universitys location in the kurdistan region of iraq offers a safe space and a climate of. Nigeria is one of the largest oil producers in africa and the 10th largest producer of crude oil in the world.
Unraveling the oil geopolitics intertwined in the kurdish independence referendum newly unveiled statue in kirkuk pays tribute to the peshmerga, iraqi kurdistan s main fighting forces in kirkuk. I also express my appreciation to bassam fattouh and laura elkatiri for their support of my earlier 2015 paper on the topic. Russia aids kurdistan gas boost petroleum economist. Middle east briefs crown center for middle east studies. Kurdistan is not a country, but the map of the kurdish region includes the geographical region in the middle east wherein the kurdish people have historically established a prominent population and unified cultural identity a people without a home. Energy sources and utilization in iraqi kurdistan region. Deloittes report for the first three months of 2018 is accessible through this link pdf, in kurdish. In addition, unproven reserves are expected to top 45 billion barrels of. Corruption, of course, is also a major contributor to the oil curse. Five different kurdistan crude oils produced in various fields namely swara tuka, miran, khurmala, shiwashok and tawki were analyzed and evaluated.
Usage of this pdf is restricted by s agreement with petroleum economist exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a. Country profile 16 geo expro january 2006 oil is flowing to the surface in several seeps within the license area,and nearby giant fields have been producing for decades. Please click here for a full list of production and export reports data on stock tank production, exports, supplies to refineries, utilisation of funds and capacity building payments. As far as the united states is concerned, regional reactions to. Due to differences in thermal conductivity of rocks and groundwater movement, variations in geothermal gradients were observed. The kurdish regional government approved the draft constitution on june 24, 2009, but it has yet to be voted on in a referendum and thereby enter into force. The picture gets even murkier when we also consider the kurdish oil law in the next.
History of the kurds the kurdistan memory programme. Gaining and demonstrating its control over oil reserves in the kurdistan region and the territories claimed by the krg has been viewed as essential in consolidating kurdish sovereignty over the region and exhibiting this sovereignty to the international community, especially those objecting to kurdish. This paper examines the challenges that postsaddam iraqi kurdistan faces in developing a sustainable petroleum sector. This link pdf format includes a snapshot infographics regarding oil exports, local consumption and revenues in the kurdistan region, especially average daily exports and daily price of kurdistan regions oil compared to dated brent price for the first six months of 2017 in kurdish, arabic and english.
At the same time, iraq is at last in a more favourable situation to tackle its energy challenges, short. In 2006, the first new oil well since the invasion of iraq was drilled in the kurdistan region by the norwegian energy company dno. Hydrocarbon development in the iraqi kurdistan region petroleum. Governoratesand capital erbil capital, slemani, duhok population i5. Russias rosneft holds key to fixing iraqi kurdistan oil. Krg signs oil and gas contract with usbased hunt oil2007. Kurdistan region, federal government iraq, oil production, international. Kurdistan region is very rich in oil, gas and mineral resources. The region has been one of the active areas for onshore oil and gas exploration in. The challenge for 2019 is that if oil prices do not recover significantly, iraqs oil revenues simply cover salaries and pensions, leaving iraq with similar reconstruction challenges seen in 2017. Projects in kurdistan region, iraq projects in kurdistan region, iraq. Parallel to the centers scholarly work, middle east briefs provides a brief analysis of a single issue at the top of the regions political, social, or economic agenda. Kurdistan regional government, krg ministry of natural resources.
I express my thanks to those with whom i have worked on kurdish and iraqi oil and gas issues, who provided. Petroleum and its affiliate dana gas, as well as around 40 other international oil companies now operating in the region. An unstable kurdistan, confined to the kurdish borders fictional still, would have only a minor effect on global oil and gas markets. How kurdistan bypassed baghdad and sold oil on global markets, dmitry zhdannikov, 17. Russian state oil company rosneft has emerged with an important role in talks between iraqs government and iraqi kurdistan on resuming full oil. According to ministry of natural resources mnr, the produc. Kurdistan region decision making powers over oil and gas exploration and production in the areas under its control and required that all oil rev enue be fairly and transparently shared across iraq. Investment factsheet kurdistan region syria iraq kirkuk iran. Unraveling the oil geopolitics intertwined in the kurdish. It has since been a matter of contention between the. Pdf a comparative elemental analysis of the different. Kurdistan crude oils as feedstock for production of aromatics. Ray hunt, ceo of hunt oil and a close friend of vice president dick cheney and the bush family, landed a major oil deal in 2007 with iraqs kurdistan regional government. Kurdish move against, and perhaps conquest of, the oilrich city of kirkuk.
Kurdistans huge oil reserves lend credibility to iraqi. According to opec, kurdistan re gion of iraq accounts for 43. The national assembly of kurdistan iraq in accordance with the provision of paragraph 1, article 56, of amended law no. Sardar stated that at the beginning the oil companies that invested in kurdistan were small and not effective, but now there are globally known companies and very competitive. Read the latest news about kurdistan oil the kurdish project. Apply to 21 vacancies for kurdistan jobs, 20 in iraq, 1 in uae.
Article 115 gives priority to the laws of the kurdistan region over federal laws, and is invoked when no agreement is reached on oil and gas management and revenue distribution. Pdf on jan 1, 2016, carlo frappi and others published oil and state building in iraqi kurdistan find, read and cite all the research you need. Oil gas exploration risk in kurdistan region of iraq. Iraqi kurdistan oil and gas outlook atlantic council. Overall, iraqi kurdistan s proven reserves are estimated to total 12 billion barrels of oil and 25 trillion cubic feet of gas.