• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 5 mins americavchina.com (otherwise known as OilPrice).
  • 3 hours Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 13 hours Forget The Hype, Aramco Shares May be Valued At Zero Next Year
  • 2 days Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial support . . . Support "Carried Interest"
  • 1 day Natural Gas
  • 6 hours POTUS Trump signs the HK Bill
  • 18 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 6 hours Iraq war and Possible Lies
  • 2 days Everything you think you know about economics is WRONG!
  • 9 hours READ: New Record Conoco Eagleford Vintage 5 wells, their 5th generation test wells . . . Shale going bust . . . LAUGHABLE
  • 2 days 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 1 day Aramco Raises $25.6B in World's Biggest IPO
  • 23 hours My interview on PDVSA Petrocaribe and corruption
  • 1 day Winter Storms Hitting Continental US

Breaking News:

Surprise Crude Build Threatens Oil Rally

Alt Text

Israel, Saudi Arabia To Preempt Dialogue Between Trump & Iran

With media speculation rampant that…

Alt Text

Has Iran Won The War For The Middle East?

The greater Middle East, including…

Alt Text

Oil Markets At Stake As The Syria Debate Rages On

The potential withdrawal of the…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Kurdistan Proposes Immediate Ceasefire With Iraq

The Kurdistan Regional Government has proposed to Baghdad an immediate ceasefire after more than a week of fighting following a decision by Baghdad to retake control of disputed Kirkuk and the oil fields around it. The decision was triggered by Kurdistan’s insistence to implement the results of an independence referendum that took place at the end of September.

In the course of the clashes these last few days, Iraqi forces along with Iran-backed militias retook both Kirkuk and a number of oil fields around the city. Exports of crude from Kurdistan fell by more than half, to 200,000-250,000 bpd from 600,000 bpd.

What’s more, Baghdad built a new crude oil loading point on its southern coast to offset the loss of exports via the Kurdistan-Ceyhan pipeline, which probably contributed to Erbil’s decision to propose a ceasefire. Additionally, there has been talk between Iraq and Turkey about restarting a decades-old oil pipeline that bypasses Kurdistan on its way to Turkey.

Meanwhile, yesterday Kurdish sources reported that Iraqi paramilitary forces had attacked Kurdish troops near one border crossing with Turkey and also in close proximity to the notorious oil pipeline on which Kurdistan’s livelihood depends.

The offensive was likely part of the strategy employed by PM Haider al-Abadi for the retake of all disputed territories in northern Iraq and for a takeover of the oil pipeline. The PM also aims for complete central-government control of the border crossings to Turkey, which are all inside the Kurdistan Autonomous Region. Related: Which Of These 3 Hotspots Will Be The Next Big Thing In Oil?

In this context, Erbil’s decision to call it quits is hardly surprising. The autonomous region has won nothing from its referendum, and is now ready to freeze its results in a bid to cut its losses so far.

“As Iraq and Kurdistan are faced with grave and dangerous circumstances, we are all obliged to act responsibly in order to prevent further violence and clashes. Certainly, continued fighting does not lead any side to victory, but it will drive the country towards disarray and chaos, affecting all aspects of life,” the region’s government said in a statement.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play