• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 8 days How Far Have We Really Gotten With Alternative Energy
Editorial Dept

Editorial Dept

More Info

Premium Content

Another Twist In Kurdistan's Oil Export Saga

Politics, Geopolitics & Conflict

In the wake of the death of the Russian head of the Wagner mercenary group in a plane crash, the focus is now on who will take over the leadership of Wagner, and there are still Wagner forces that could cause problems for Putin.

An interesting development between Libya and Israel unfolded over the past weekend, with Libya’s foreign minister meeting with the Israeli foreign minister in Rome. News of the meeting - unilaterally released by Israel - sparked violent protests in Libya, and Dbeibah, head of the Government of National Accord (GNA) in Tripoli, immediately scapegoated the FM, suspending her pending an “investigation”. Clearly, this is all part of Washington’s plan to have Arab countries normalize relations with Israel. Dbeibah took a swing at this and the response frightened him, requiring a scapegoat. The FM is believed to have fled to Turkey for her safety for the time being.

Iraqi Kurdistan’s oil has hit another snag beyond its inability to secure an agreement with Turkey to turn the export pipeline back on, with Ankara stalling as it attempts to broker a revenue-sharing deal. Now, international oil companies are threatening arbitration in London over payment for oil. Even if the Iraq-Turkey pipeline is reopened, the IOCs would refrain from producing any more oil until there is a firm agreement on payment. The current amount being bandied about following talks in Baghdad is for $6…

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News