• 5 minutes Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 21 mins Alberta govt to construct another WCS processing refinery
  • 10 hours Let's Just Block the Sun, Shall We?
  • 23 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 24 hours Waste-to-Energy Chugging Along
  • 1 day What will the future hold for nations dependent on high oil prices.
  • 5 hours What Can Bring Oil Down to $20?
  • 1 day Venezuela continues to sink in misery
  • 2 days UK Power and loss of power stations
  • 1 day Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 23 hours Regular Gas dropped to $2.21 per gallon today
  • 2 days No, The U.S. Is Not A Net Exporter Of Crude Oil
  • 2 days EPA To Roll Back Carbon Rule On New Coal Plants
  • 18 hours Sleeping Hydrocarbon Giant
  • 19 hours Sane Take on the Russia-Ukraine Case
China Aims To Boost Ethanol Production

China Aims To Boost Ethanol Production

China’s growing demand for renewables…

Global Market Turbulence Caps Oil Prices

Global Market Turbulence Caps Oil Prices

Oil prices only rallied modestly…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Explosions in Kirkuk Take More Iraqi Oil Offline

Explosions in Kirkuk Take More Iraqi Oil Offline

Production at an oilfield near Kirkuk, in northern Iraq, has been stopped after unidentified gunmen set at least two wells on fire on Tuesday night.

Local officials said the gunmen used improvised explosives which they set of at wells number 18, 33 and 39 in the Khabaz oil field. A fourth well was also booby trapped and the police are now working to defuse the explosives while firefighters are trying to contain the blaze, Kirkuk police chief Sarhad Qadir was quoted as saying.

An act of sabotage is suspected and perpetrators must have taken advantage of security gaps, according to police.

Related: OPEC’s No. 2 Under Serious Threat From Political Instability

The Khabaz oilfield is some 20 kilometers southwest of Kirkuk and hosts 41 oil wells. The field is run by the state-owned North Oil Company, which has its own police force.

A month ago, a similar attack took out other wells in this field.

Last year, as the Islamic State (ISIS) gained temporary control over the area surrounding Kirkuk, some oil wells we set on fire.

The Kurdish Peshmerga have largely pushed ISIS out of the area and taken over now, so the perpetrators of this latest sabotage remain unknown; however, Iraqi officials suspect ISIS.

Related: A 4.5-Million-Barrel Per Day Oil Shortage Looms: Wood Mackenzie

“It could be Da’esh (Islamic State) because the wells are located in southwestern Kirkuk, close to areas that are currently under Da’esh’s control,” Fuad Hussein, a member of Kirkuk Provincial Council (KPC) in the oil and energy committee, told the local media.

The 41 oil wells in the Khabaz oil field have a production capacity of 15,000 barrels per day. Before the attack took place on Wednesday, the production was down to 10,000 bpd, North Oil Company said.

By James Burgess of Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News