optimise Petroleum exploration and production in the Kurdistan Region. ShaMaran is a Canadian oil and gas company listed on the TSX Venture Exchange and the NASDAQ First North Growth Market (Sweden) under the symbol "SNM.". Kurdistan accounts for 43.7 billion barrels of proven oil reserves, 25.5 billion more barrels of unproven reserves and between 3 and 6 trillion cubic meters of gas (30% of Iraq's proven oil reserves). The government benefited […] The year was not without its bright spots: the gas sector is set to grow significantly thanks to . Production commenced and crude oil was first exported for sale in July 2017. First half results are due Aug. 16. In the absence of a federal law regulating this issue, the . [1] Swara Tika is expected to increase from 27,000 facility . 3-WZA Petroleum Company limited 4-Casco/Ascom 5-DNO The year was not without its bright spots: the gas sector is set to grow significantly thanks to . The KRG said the cost of oil production in the autonomous region "is justified by the complex structure and nature of the Kurdistan Region's fields, in so much that extraction costs more than Iraq's oil fields." The statement added that oil prices in the Kurdistan Region are lower than the world market . As an increasing number of companies transition from exploration to production, Kurdistan is set to become an oil production hub for global energy markets. Oil production 450,000 bopd. Norwegian Operator DNO ASA, receives $21.45 million from KRG. The statements came the day after Russian oil firm signed a production-sharing agreement with the Kurdistan Regional Government worth up to US$400 million. ERBIL (Kurdistan 24) - The Kurdistan Regional Government (KRG) exported over 328,000 barrels of oil per day (bpd) during March, according to a statement by the Iraqi Oil Ministry on Friday. The change in the quantity of oil in the pipeline during the period; ii. Kurdistan Regional Government of Iraq 5 Note 1 All figures in Schedule 1 for the period 1 July 2020 to 30 September 2020 oil production, export, consumption and revenue data are based on the records provided by stakeholders to the KRG. 1-Taq taq petroleum refining company limited 2-KAR Group. 1-Taq taq petroleum refining company limited 2-KAR Group. Only 15 to 20 of these fields are currently in production. Overview & Reserves The Kurdistan Gas Project was established in 2007 when Dana Gas and Crescent Petroleum entered into an agreement with the Kurdistan Regional Government (KRG) for exclusive rights to appraise, develop, produce, market, and sell hydrocarbons from the Khor Mor and Chemchemal fields in the Kurdistan Region of Iraq (KRI). The report offers analysis on the current state of Kurdish oil and gas: KRG relations with Baghdad, Ankara, and Tehran, the fight against ISIS, and current production capabilities. Kurdistan Regional Government, KRG Ministry of Natural Resources. Who We Are; . . Oil and Gas Operations in the Kurdistan Region of Iraq. The Company has a 27.6% ownership interest in Atrush Block, a high‐quality oil field in Kurdistan that has a large production base with significant growth potential. This compares with a total of 53 billion barrels of oil produced from the North Sea up to the end of 2010. HKN Energy Ltd. holds a 62 percent PSC interest in the 420 km2 Sarsang block. Gas production 1.88 bcm. (Development Plan) for Swara Tika aims to ramp up oil production to over 50,000 bopd from the Triassic reservoir. Kurdish production drops. As per KRG's agreement with the Iraqi government and under the 2015 Budget Law . Baghdad began legal proceedings against Kurdistan in 2012, in a challenge to the region's rights to independently export crude. Today the Kurdistan Region is building a new export pipeline . In contrast, the PUK-zone produces approximately 45,000 BPD, making 12% of the oil sold via KRG pipeline. Iraq (defined as Federal Iraq and Kurdistan Regional Government) is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia.It holds the world's fifth-largest proved crude oil reserves at 145 billion barrels, representing 17% of proved reserves in the Middle East and 8% of global reserves. Gas reserves 25 tcm. Baghdad began legal proceedings against Kurdistan in 2012, in a challenge to the region's rights to independently export crude. The decision came amid political disputes in Baghdad between . oil and gas sector. There are numerous parties interested in participating in Iraqi Kurdistan's oil production and refining industry, and the following entities are attempting to establish or complete oil refineries (Robert Nall, 2008). Source: Rystad Energy UCUBE. However, the PUK-zone has more proven oil reserves at around 13 billion . This week, Gulf Keystone Petroleum announced that its profits for 2021 nearly tripled to $301.4 million. BAGHDAD,— Iraq's oil minister said on Tuesday that Kurdistan region is included in the cut of oil production, Iraqi news agency (INA) cited the minister as saying. KRG has awarded licenses to a broad spread of companies more Section 2: KOMO is a public company. The Federal Supreme Court is the top judicial authority in Iraq. It has 14 upstream projects, 45 billion barrels in oil reserves and 57 discovered oil and . However, the PUK-zone has more proven oil reserves at around 13 billion . After 2003 specially after the approval of the Iraqi constitution and issuance of the law of oil and gas from the Kurdistan Parliament, the Kurdistan regional government (KRG) gave the territory of . However, 2017 has seen a dramatic shift in the Kurdistan Region's oil and gas prospects, chiefly driven by the entrance of oil giant Rosneft. Wednesday, January 5th, 2022. Initially planned as a 30,000 barrels of oil equivalent per day (boepd) development,. By offering a side-by-side review of . In contrast, the PUK-zone produces approximately 45,000 BPD, making 12% of the oil sold via KRG pipeline. "The delegation, led by the Kurdistan government's Finance Minister, Awat Sheikh Janab, will discuss the federal budget, low oil prices, and the region's participation in the Iraqi commitment to reduce oil production in accordance with the Organisation of Petroleum Exporting Countries (OPEC)'s decision," Kurdish Minister of State, Khalid Shwani . Skip to content. It was a mixed bag for the Iraqi Kurdistan Region's energy industry in 2021 as irregular payments and regulatory uncertainty raised red flags for investors, and oil production stagnated. Iraq has discovered 73 oil fields, including 6-9 "super-giant" fields (producing more than 5 billion barrels each) and 22-23 "giant" fields (producing more than 1 billion barrels per field). The route for oil from Kurdistan's producing fields has traditionally been the Kirkuk-Ceyhan pipeline, via dual export lines. There was no comment from representatives of the Kurdistan Region's Ministry of Natural Resources (MNR) at the time of publishing this report. Oil explorer Genel Energy, headed by ex-BP chief Tony Hayward, said its oil production in Kurdistan surged last month, in part thanks to a controversial export pipeline to Turkey. Natural gas reserves. The . The Iraqi oil ministry launched a second court case in 2019. The company said Wednesday it resumed production from the Shaikan reserve area in the Kurdish north of Iraq after receiving payments for future crude oil sales. The region's total exported and consumed oil for the year stood at 165,942,861 barrels, about 5 million barrels less comparing to 2019. 28 2007. '. Please click here to see a list of oil companies with licences granted by the Ministry Wednesday, January 5th, 2022. Iraqi Kurdistan used production sharing contracts with international oil companies according to Kurdistan Region Oil and Gas Law No. of Iraq. 9 of 46 PETROLEUM ACT OF THE KURDISTAN REGION OF IRAQ Section 2: The Minister shall oversee and regulate all downstream Petroleum Operations, . In Iraq, oil production is focused on onshore production through technical service contracts with potential future exploration possibilities available in the western regions of the country. SPREADING POWER The government's non-flaring policy has directed all available gas primarily to the generation of power, making the Kurdistan Region the highest . According to data obtained by Kurdistan Source, the KDP-zone (Duhok and Erbil) produce 409,000 barrels of oil per day (BPD) which makes 88% of KRG total oil exports. The court abolished the law because it violates constitutional provisions, and ordered the Kurdistan Region to hand over oil production to the federal government. The . Iraq's total oil stocks at the end of December stood at 49,000 b/d, compared with a 9,000 b/d buildup at the end of . April 20, 2020 at 11:39 am . According to data obtained by Kurdistan Source, the KDP-zone (Duhok and Erbil) produce 409,000 barrels of oil per day (BPD) which makes 88% of KRG total oil exports. Kate Dourian of Iraq Oil Report. This is a compendium of all publicly-accessible KRG reports on oil production, consumption, exports, and revenues covering 2015, 2017-2020. Kurdistan Regional Government (KRG) Export Report Reveals $4 Billion in Oil Sales. Iraq s oil production, including output from the semi autonomous Kurdistan region, remained almost steady in December, data from State Oil Marketing Organization showed Jan. 10, despite the country ha . The following is a list of International Oil Companies (IOCs) operating in Iraqi Kurdistan under licences granted by the Kurdistan Regional Government's Ministry of Natural Resources in Erbil: This page is currently being updated - sorry for any inconvenience. Gas reserves 25 tcm. After OPEC+ struck an agreement to cut production by 9.7 million bpd, Iraqi's then-oil minister Thamer al-Ghadhban said that Kurdistan will also take part in the cuts. Minister Thamer al-Ghadhban said that on Thursday a delegation from the Kurdistan region will arrive at the oil ministry on Thursday to discuss the reduction mechanism, INA reported. But Beijing also has stakes in Iraqi Kurdistan's oil production through Sinopec's 2009 acquisition of Addax Petroleum. The Kurdistan Region of Iraq is located in northern Iraq, bordering Syria, Turkey and Iran. Iraq's federal government aims to establish a new oil company in the Kurdistan region, the oil ministry said in a statement on Saturday. This is an elite unit within the Peshmerga, Iraqi Kurdistan's military force, that is tasked with protecting . Production from its Tawke field last year averaged 105,500 barrels of oil per day. The Iraqi Supreme Court proclaimed Feb. 15 Iraqi Kurdistan's oil and gas law of 2007 unconstitutional. Shafaq News / SOMO issued, on Wednesday, a clarification regarding the quantities of Iraqi oil exports for January. 3-WZA Petroleum Company limited 4-Casco/Ascom 5-DNO The Federal Supreme Court is the top judicial authority in Iraq. Oil production 450,000 bopd. But analysts have questioned the future of such agreements, together with existing deals in the region struck by companies like Dana Gas, Genel and DNO, as tension in the region rises. Kirkuk, July 18 - Neftegaz.RU.Production from an oil reservoir in the Kurdish north of Iraq has increased by more than 60 %, Norwegian energy company DNO announced on July 17. Iraq's Federal Supreme Court ruled on Feb. 15 that the 2007 oil and gas law in the Kurdistan region is unconstitutional and ordered the Kurdish government to hand over its oil operations to Baghdad in an escalation in a long-standing dispute over Erbil's independent energy sales. The Iraqi oil ministry launched a second court case in 2019. Source: MNR reports; Wood Mackenzie; author's calculations [2]. The aromatics referred here are: benzene, toluene, study for some of Kurdistan crude oils. Overview & Reserves The Kurdistan Gas Project was established in 2007 when Dana Gas and Crescent Petroleum entered into an agreement with the Kurdistan Regional Government (KRG) for exclusive rights to appraise, develop, produce, market, and sell hydrocarbons from the Khor Mor and Chemchemal fields in the Kurdistan Region of Iraq (KRI). (please see the map) ethyl benzene, and xylenes, the production of aromatic feed 2. Kurdistan Region (KRI; Kurdish: ھەرێمی کوردستان, romanized: Herêma Kurdistanê, Arabic: إقليم كردستان) is an autonomous region in Iraq comprising the four Kurdish-majority governorates of Duhok, Erbil, Halabja, and Sulaymaniyah and bordering Iran, Syria, and Turkey.The Kurdistan Region encompasses most of Iraqi Kurdistan but excludes the disputed territories of . Review of the Kurdistan Regional Government of Iraq's oil production, export, consumption and revenue for the period 1 July 2021 to 30 September 2021 We were appointed by the Regional Council for Oil and Gas Affairs ("RCOG") of the Kurdistan Regional Government ("KRG") to review oil production, export, consumption and revenue for About Us. Along with oil, the area of Kurdish autonomy is rich in gas. The Kurdistan Region produced more than 38 million barrels of oil during that time frame at an average price of $62.87 a barrel, according to Deloitte. This was done despite the fact that oil contracts were . The Shaikan oil field is located 60 kilometres north of the regional capital Erbil. Oil production costs in Kurdistan. Kate Dourian of Iraq Oil Report. The Iraqi Government will use its constitutional powers regarding the exploration, production and export of crude oil from the Kurdistan region to manage oil production in the region going forward. The Kurdish export pipeline has a capacity of 300,000 bpd but could be quickly expanded with a few minor tweaks and additional pumping stations, he said, dismissing the idea that threats from Baghdad would keep firms from buying Kurdish oil. Jan. 22 (UPI) --Kurdish oil player Gulf Keystone Petroleum said it wants to set up a commercial framework necessary to boost gross production by as much as 70 percent.The company, issuing guidance . "Oil companies and governments around the world are now showing increasing interest in buying our crude. The court abolished the law because it violates constitutional provisions, and ordered the Kurdistan Region to hand over oil production to the federal government. Petroleum spurs a boom for the region: Iraqi-Kurdistan's gross GDP grew significantly since the 2007 oil liberalization, jumping from from $800 a decade ago to $5,600 in 2012. The semi-autonomous region of Iraqi Kurdistan will be required to cut oil output as part of an agreement made on 12 April, according to Iraq's oil minister Thamer al-Ghadhban. There are numerous parties interested in participating in Iraqi Kurdistan's oil production and refining industry, and the following entities are attempting to establish or complete oil refineries (Robert Nall, 2008). It represents the rare case, in recent history, of the discovery of a large new onshore conventional petroleum province.3 It illustrates the development of such a province under conditions of moderate technical challenge but major and volatile political . 'The report provides a comprehensive overview of activity in the Kurdistan Region's oil and gas sector in 2015, including the revenues derived from oil exports. BAGHDAD,— Iraq's oil minister said on Tuesday that Kurdistan region is included in the cut of oil production, Iraqi news agency (INA) cited the minister as saying. By the end of 2013, Kurdistan will have invested between $15 billion to $20 billion in oil and gas fields. Kurdistan Region of Iraq: New Alliances. kurdistan oil production by field & by operator january 2015 - september 2016 (data provided by the oil producing companies operating in the kurdistan region) 2 table of contents dno - tawke field 3 ttopco - taqtaq field 6 gulf keystone - shaikhan field 9 kar - khurmala/avana/bai hassan fields 12 . Iraq has made a fresh attempt to control revenue from the semi-autonomous region of Kurdistan by asking oil and gas firms operating there to sign new contracts with state-owned marketer SOMO . On July 13, the Kurdistan Regional Government's (KRG) Minister of Natural Resources Kamal Atroshi issued a decree giving oil production companies in the Kurdistan Region 18 months to put a . Baghdad and Erbil are . Larger companies such as Exxon Mobil and Chevron are still at the exploratory stage and have recently . The area is divided into oil exploration and production licence blocks numbered 1 to 46. The Iraqi Supreme Court proclaimed Feb. 15 Iraqi Kurdistan's oil and gas law of 2007 unconstitutional. ERBIL, Iraq, Feb 1 (Reuters) - Iraq's cash-strapped Kurdistan region said on Monday it would pay international oil companies according to the terms of their contracts in 2016 in a move to . Iraq's federal government has requested that the Kurdistan Regional Government (KRG) cut its oil production by 120,000 barrels per day (bpd), Iraq's state news agency INA quoted a KRG minister as . . carrying 1 million barrels of Kurdish oil from Ceyhan, this week carried . Figure 1 The Kurdistan semi autonomous region lies between Iraq (yellow), Turkey, and Iran (pink). Review of the Kurdistan Regional Government of Iraq's oil production, export, consumption and revenue for the period 1 October 2021 to 31 December 2021 We were appointed by the Regional Council for Oil and Gas Affairs ("RCOG") of the Kurdistan Regional Government ("KRG") to review oil production, export, consumption and revenue for T op International . The Kurdish people actually lay claim to a . The government benefited […] A delegation from the Kurdistan region is due to arrive at Iraq's oil ministry to discuss the proposed cuts mechanism on 16 . Additionally, Roberts envisions the challenges facing the Kurdish energy sector in the event of an independent Kurdish state. Kurdistan Region of Iraq: New Alliances. After completing testing on its 4rth well in the Peshkabir field in the Tawke license area in the Kurdish north, the company said the increase put the target's output at an average of 25,000 barrels of oil per day. Minister Thamer al-Ghadhban said that on Thursday a delegation from the Kurdistan region will arrive at the oil ministry on Thursday to discuss the reduction mechanism, INA reported. Kurdistan Regional Government of Iraq 4 Oil production, export, consumption and revenue SCHEDULE 1 Oil Exports and Consumption Period Total Piped export of crude oil (Note 2 and Note 3) 42,261,263 bbls Crude oil delivered for MNR refining, net of HFO (Note 2) 2,134,967 bbls Sales to refineries 97,614 bbls Local sales - bbls the Iraqi Oil Ministry is permitted to pursue nullification of any contracts entered into by the KRG with foreign states and companies for the . Increase (decrease) in storage at oil terminal (319,740) bbls Piped export of crude oil 39,215,239 bbls Note 4 Total oil exported and consumed represents the production from KRG-operated fields, after taking account of the following: i. The Kurdistan Region has set its eyes on two ambitious production goals: 1 million barrels of oil equivalent per day by 2015 and 2 million barrels of oil equivalent per day by 2019. This was not the only promising news for the Kurdistan Region's oil sector recently. "The region must abide by the federal government's decision to reduce crude oil production," Shwani stressed. The aim of the new company will be to enter into new . Figure 3: Kurdistan gas production and demand. The Kurdistan Regional Government (KRG) releases quarterly or bi-annual reports conducted by Deloitte on the region's oil production, consumption, exports, and revenues. According to the KRG, it has authority under Articles 112 and 115 of the Iraq Constitution to manage oil and gas in the Kurdistan Region extracted from fields that were not in production in 2005 . (please see the map) ethyl benzene, and xylenes, the production of aromatic feed 2. MONTHLY EXPORT AND PRODUCTION DATA. However, 2017 has seen a dramatic shift in the Kurdistan Region's oil and gas prospects, chiefly driven by the entrance of oil giant Rosneft. A region once held up by the US as a beacon of hope in a broken Iraq, Kurdistan has instead — in oil's name — fallen victim to corruption and war. Section 1: The Kurdistan Oil Marketing Organisation (KOMO) is hereby established. The Abu Dhabi National Energy Company PJSC or TAQA has announced the beginning of crude production from its new oil block in the Kurdistan region of Iraq from July.. Production from the Atrush Block in the Kurdistan Region of Iraq is expected to ramp up towards the 30,000 barrel per day project capacity (gross) during the rest of this year, TAQA has affirmed in a press statement, that also . It was a mixed bag for the Iraqi Kurdistan Region's energy industry in 2021 as irregular payments and regulatory uncertainty raised red flags for investors, and oil production stagnated. The KRG pipeline has also been used to export North Oil Company (NOC) crude oil during the period. Crude oil production from the block is transported to the boundary where the export crude enters the Kurdistan Export Pipeline network and is sold to the Kurdistan Regional Government. Currently producing 350,000 million barrels of oil per day, by end of 2015, KRG will produce 1 million barrels of oil per day, according to KRG statement released in . MOL Group entered the Kurdistan Region of Iraq in 2007, where MOL Kalegran (MOL's 100% subsidiary) is partnered with 20% in Shaikan Production Sharing Agreement.MOL also acquired 10% in Pearl Petroleum Company (Khor Mor and Chemchemal fields) in 2009 from Crescent Petroleum and Dana Gas.. Shaikan. Experimental part stocks originates with the catalytic reforming of a refinery stream of heavy naphtha range 50-215 u0002C and rich in naphth- 2.1. If Kurdistan was a country, the amount of oil and gas reserves would place it among the top 10 oil rich countries in the world. Erbil, Kurdistan Region, Iraq (GOV.KRD) - The Kurdistan Regional Government released its annual oil and gas audit report for 2020, which revealed several drops in production due to the COVID-19 pandemic. In fact, the production and trade of crude oil is one of the Kurds' main sources of income. Kurdistan, Iraq discuss oil production . The Reliance of the Kurdistan Regional Government and the Regional Economy on Oil and Gas 8 The Core Issue: Turkish Transit 11 The Current State of Oil Production Plans in the Kurdistan Region of Iraq 15 The Current State of Gas Production Plans in the Kurdistan Region of Iraq 20 Alternative Options: Iraq 23 Alternative Options: Iran 25 The autonomous region of Iraqi Kurdistan - located in the mountainous northern part of the country - has consisted of the provinces of Dohuk, Erbil and Solimania since 1991, and is spread across the length and breadth of important oil fields. Credit: Yoyok Langgeng / Shutterstock. The aromatics referred here are: benzene, toluene, study for some of Kurdistan crude oils. The statement said, "Media agencies published on 2/2/2021 reports that Iraq's production rate reached 3870 thousand barrels/day in January […] in this regard we would like to note the following: 1- Iraq's production ceiling set . A . Gas production 1.88 bcm. The oil and gas police pose for a portrait outside an oil field in Kirkuk, Iraq. Experimental part stocks originates with the catalytic reforming of a refinery stream of heavy naphtha range 50-215 u0002C and rich in naphth- 2.1. The company draws from non-Kurdish basins in Yemen, Oman and elsewhere. The company's total operated production last year averaged 113,500 barrels of oil equivalent per day, up just 900 boe per day from 2016. Figure 2: Kurdistan oil production forecast for the top five companies. are estimated at 2.83 trillion cubic meters, accounting for about 89 percent of all. Study of the Kurdish oil story is important for various reasons. Production is now expected to . Kurdish oil production has been mainly led in recent years by mid-sized firms including Genel. Kurdistan region of Iraq with more than 45 billion barrels of reserved oil and 200 trillion cubic feet of reserved natural gas is considered as one of the richest area with oil and gas in the world.

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