Posted on 05/19/2025 2:29:38 PM PDT by BeauBo
The Kurdistan Regional Government (KRG) in northern Iraq has formalized two major energy agreements with U.S. firms HKN Energy and WesternZagros in Washington, D.C., Kurdish media reported on Monday, in deals valued at a combined $110 billion, despite a legal showdown with the federal government of Iraq over control of the country’s oil exports...
...The deals were formalized during KRG Prime Minister Masrour Barzani's official visit to the United States this week...
...Washington has been advocating for the resumption of Kurdish oil exports, which have been stalled since March 2023 due to legal disputes and pipeline shutdowns. Washington's push aims to stabilize global oil markets and reduce Iran's influence in the region.
(Excerpt) Read more at oilprice.com ...
from the article:
"...Last week, the Association of the Petroleum Industry of Kurdistan (APIKUR) called for the urgent reopening of the Iraq-Turkey pipeline, which, prior to the dispute, pumped KRG oil to the Turkish port of Ceyhan, bypassing Baghdad and federal regulators. APIKUR spokesman Myles Caggins told Kurdistan24 late last week, “We are urging the Iraqi Minister of Oil to convene all parties immediately after the Arab Summit”.
Three of APIKUR’s eight member companies are U.S.-based and actively engaging both sides in this dispute, attempting to get exports restarted and to address the estimated $1 billion in debt owed to the group’s members.
Perhaps. And don't forget the influence this deal might have on Turkey (who hate the Kurds more than Bear Bryant hated games ending in a tie). This might be Trump's way of saying that everybody else around Israel is itching to make a deal, so Turkey can quit subtly helping stir up fighting against Israel within Syria and Turkey can hop on the Trump train.
Luv dem Kurdish descendants of Noah from Japheth, always kind to Hebrews.
“The timing of this, may be to get more oil on the market soon, to replace Russian exports”
The Russians are selling all the oil they can to China and India and the Europeans are still buying plenty of Russian natural gas despite “sanctions”.
“The Russians are selling all the oil they can to China and India and the Europeans are still buying plenty of Russian natural gas despite “sanctions”.”
Yep, and the ONLY PEOPLE that Trump will punish are those here in Texas (and other states) who use high-cost Fracking to get oil out of the ground...they’ll be priced out of their jobs..
Iraq oil output is about 4.5 million bpd. They consume domestically about 900K bpd.
Kurdistan is estimated to be about 9% of the total or 400K bpd.
Russia excess of production over domestic consumption is 11 mbpd - 3.6 mbpd = 7.4 million bpd.
So 400K is small potatoes.
Interesting item . . . Iraq output was 4.7 mbpd in 2019. They have never recovered to that level post Covid. I do not recall hearing any recent discoveries or new fields developed. Smells like their max output could be behind them. Too soon to declare it. Very unlikely at this point anywhere is left there to explore.
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