• 3 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 5 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 9 minutes This Battery Uses Up CO2 to Create Energy
  • 12 minutes Shale Oil Fiasco
  • 7 hours Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 2 hours Governments that wasted massive windfalls
  • 1 day Let’s take a Historical walk around the Rig
  • 5 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 10 hours Trump has changed into a World Leader
  • 3 days US (provocations and tech containment) and Chinese ( restraint and long game) strategies in hegemony conflict
  • 20 hours Beijing Must Face Reality That Taiwan is Independent
  • 1 day Yesterday POLEXIT started (Poles do not want to leave EU, but Poland made the decisive step towards becoming dictatorship, in breach of accession treaty)
  • 1 day Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 3 days Might be Time for NG Producers to Find New Career
  • 42 mins 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 7 hours Trump capitulated
Oil Falls Despite Major Outage In Libya

Oil Falls Despite Major Outage In Libya

Oil prices fell on Tuesday…

Speculators Are Dragging Down Natural Gas

Speculators Are Dragging Down Natural Gas

It seems that fundamentals can…

Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk

Kirkuk

Iraq’s government forces completed on Tuesday an operation to seize control of all oil fields that Iraqi state-held North Oil Company operates in the oil-rich Kirkuk region from Kurdish forces, a senior military official told Reuters.

The Iraqi forces took control of the Baba Gurgur, Jambur and Khabbaz fields on Monday, and proceeded with the operation taking control of the Bai Hassan and Avana oil fields on Tuesday, according to the military officer.

The Kurdish forces, the Peshmerga, had previously held the oil fields around Kirkuk, but pulled out as the Iraqi forces advanced to the oil-rich region. The advance of the central Iraqi government forces in Dibis, home to the Bai Hassan and Avana oil fields, is part of an operation that Iraq’s Prime Minister Haider al-Abadi had ordered to take control of Kurdish-held areas outside the autonomous Kurdistan region.  

“The Commander-in-Chief of the Armed Forces Dr. Haider Al-Abadi directs the armed forces to protect all citizens in Kirkuk,” according to a Sunday tweet by the prime minister’s media office. “Dr. Al-Abadi directs the armed forces to impose security in Kirkuk in cooperation with residents of Kirkuk and the Peshmerga forces,” the office further said.

All fields were operating normally as of Tuesday, Reuters reports, quoting oil officials in Baghdad.  

On Monday, oil prices jumped as reports emerged that oil supplies from the region may have been disrupted, although perhaps only temporarily. Yesterday, Reuters reported that around 350,000 bpd of oil production from the Bai Hassan and Avana oil fields were briefly shut down due to security concerns.

Following the overwhelming support for Kurdish independence in the referendum, the Kurdistan Regional Government (KRG) is seeking dialog to resolve all issues and has not declared independence in any part of Kurdistan. Iraq, for its part, says that the referendum is unconstitutional, and urges Iran and Turkey and the world to stop all commercial transactions with Kurdistan, especially in oil exports and sales.

By Tsvetana Paraskova for Oilprice.com  

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
Download on the App Store Get it on Google Play