• 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
  • 1 hour Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 2 hours California Threatens Ban on ICE Cars
  • 3 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 3 hours China Downplays Chances For Trade Talks While U.S. Plays ‘Little Tricks’
  • 3 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader
  • 1 day Solar Industry Lays Claim To The 2020s; Kicks Off The Solar+ Decade
  • 27 mins Australia Sky News Election Summary: "This was the Climate Change Cult Election, and the Climate Change Cult Lost"
  • 3 hours IMO2020 To scrub or not to scrub
  • 23 hours Shell ‘to have commercial wind farms’ by early 2020s
  • 6 hours Global Warming Making The Rich Richer
  • 7 days How can Trump 'own' a trade war?
  • 7 days China, U.S. Hold 'Productive' Trade Talks In Beijing
  • 2 hours Wonders of Shale- Gas,bringing investments and jobs to the US
Trade War Escalation Looms Large Over Oil Markets

Trade War Escalation Looms Large Over Oil Markets

The economic implications of the…

Meet America’s Newest $9 Trillion Climate Change Solution

Meet America’s Newest $9 Trillion Climate Change Solution

Democratic Presidential hopeful and Washington…

Kurdish Independence Could Spark Civil War

Kurdistan

Iraqi Vice President Ayad Allawi fears a civil war within his country if issues regarding the Kurdish independence referendum remain unresolved, according to a new report from AP.

Kurdish officials and Baghdad must solve their issues regarding the disputed territory in peace, especially those related to the Kirkuk oilfield.

Allawi has served as a former prime minister of Iraq, and maintains that any attempts by the Iraqi military to enter Kirkuk could “damage all possibilities for unifying Iraq.”

At the end of September, Kurdistan voted almost unanimously to separate from Iraq and become an independent state. Iraq, Iran, and Turkey are taking a unified stance against Kurdistan’s oil sector after the referendum, according to an earlier report.

Turkey’s Ceyhan port provides an outlet for the Kurdish Kirkuk oil to meet international markets without interference from Baghdad. Erdogan, Tehran, and other members of the international community had censured Erbil for proceeding with the independence referendum as Iraq recovers from a three-year war against the Islamic State (ISIS). The Turkish leader had previously threatened to cut Kirkuk off from Ceyhan, but did not provide details on how such a measure would be carried out.

A day before an historic vote for independent Kurdistan, the central government of Iraq issued a statement calling on “neighboring countries and countries of the world” to stop buying crude oil directly from the KRG and only deal with Baghdad. The United States, the United Kingdom, and their western allies have all warned against a separation from Iraq as the region heals from a three-year war against the Islamic State. 

Kurdistan produces around 600,000 bpd of crude oil, or about 15 percent of Iraq’s total oil output. After the votes were counted, the KRG said that the ‘Yes’ to independence option won at the polls, with 92.73 percent of voters opting to grant Erbil its own regime.

By Zainab Calcuttawala 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