• 3 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 6 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 8 minutes OPEC is no longer an Apex Predator
  • 12 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 2 hours Australian Voters Reject 'Climate Change' Politicians
  • 6 hours Australia Election Summary: "This was the Climate Change Cult Election, and the Climate Change Cult Lost"
  • 10 hours Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 1 hour Shale to be profitable in 2019!!!
  • 28 mins Global Warming Making The Rich Richer
  • 14 hours China Downplays Chances For Trade Talks While U.S. Plays ‘Little Tricks’
  • 14 hours California Threatens Ban on ICE Cars
  • 14 hours IMO2020 To scrub or not to scrub
  • 14 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 15 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader
  • 10 hours Some Good News on Climate Change Maybe
  • 6 hours Misunderstanding between USA and Iran the cause of current stand off, I call BS
  • 6 hours DUG Rockies: Plenty Of Promise, Despite The Politics
  • 3 hours Shell ‘to have commercial wind farms’ by early 2020s
Canada’s Pipeline Crisis Isn’t All Bad For Investors

Canada’s Pipeline Crisis Isn’t All Bad For Investors

Canadian drillers that find themselves…

A Value Play Too Good To Ignore

A Value Play Too Good To Ignore

The coal industry may be…

Gunmen Kill Iraqi Gas Company Official In Kurdistan

Kurdish Flag

A deputy manager at Iraq’s Northern Gas Company was gunned down today by an unidentified group of men on the way to his office in Kirkuk, in the autonomous region of Kurdistan. According to the local police, as quoted by Reuters, Mohammed Younis and his driver were targeted from a speeding car and died instantly.

Eyewitnesses who spoke to local media said that there were three assailants in a black BMW who opened fire against Younis’ car.

So far, no group has claimed responsibility for the attack.

The autonomous region of Kurdistan is preparing for an independence vote perhaps as early as this year, despite signals from the central Iraqi government that the regional parliament, which has been paralyzed for two years now by inter-faction squabbles, cannot hold a referendum.

Tensions between Erbil and Baghdad are rising amid the drive for independence, mostly because some of Iraq’s biggest oil fields currently fall within Kurdistan Regional Government Territory. The two governments have an agreement, under which Erbil receives a portion of the central budget in exchange for part of the crude oil output but the Kurdistan authorities have more than once demonstrated that they would be much happier if they controlled the local oil riches alone.

At the same time, Iraq is planning to bump up its crude output considerably in the coming years, and the crude it pumps from the northern fields will be instruments for these plans.

Related: ‘’OPEC Has Failed’’

Meanwhile, there remains the IS factor: the terrorist group is perhaps what is keeping Erbil and Baghdad together in a united front against it. The Islamic State has targeted oil infrastructure in Kurdistan before, and earlier this month the Kirkuk-Ceyhan pipeline was blown up just days after restarting shipments. Although no group claimed responsibility for the explosion, IS militants were among the likely perpetrators.

By Irina Slav for 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