• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 5 hours Joe Biden's Presidency
  • 3 hours The Debate Starts : Remake Republican Party vs. Third Party
  • 55 mins An exciting development in EV Aviation: Volocopter
  • 5 hours Did I Miss Something?
  • 1 day The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 3 hours https://www.prageru.com/video/whats-wrong-with-wind-and-solar/
  • 14 hours JACK MA versus Xi Jinping
  • 1 day A Message from President Donald J. Trump - 5 minutes from The White House directly
  • 2 days Minerals, Mining and Industrial Ecology
Big Oil Is Buying Into The Solar Boom

Big Oil Is Buying Into The Solar Boom

Oil major Total is looking…

Three Energy Tech Trends To Watch This Year

Three Energy Tech Trends To Watch This Year

Energy technology is evolving quickly…

U.S. Urges Kurdistan To Delay Independence Referendum

U.S. Defense Secretary Jim Mattis has asked oil-rich Kurdistan to delay its referendum on independence from Iraq, currently scheduled to take place in September, according to emerging reports.

“Our point right now is to stay focused like a laser beam on the defeat of ISIS and to let nothing distract us,” the secretary told reporters before approaching Erbil for the meet with Kurdistan Regional Government (KRG) President Massoud Barzani on Tuesday.

An independent Kurdistan would mean Kirkuk’s oil reserves would be severed from Iraq. According to Rudaw, the two oilfields controlled directly by KRG produce 250,000 barrels of oil per day.

In a phone call with Barzani earlier this month, Secretary of State Rex TIllerson similarly insisted the referendum be held at a later date, instead of September 25th.

The KRG remains determined to hold the vote as scheduled.

“We intend to proceed with the referendum on Sept. 25 to allow our people to determine their own future,” security official Masrour Barzani said after on Tuesday night, according to The New York Times. “This remains the only solution; forced coexistence in Iraq isn’t working.”

All countries that are part of the U.S.-led coalition to defeat the Islamic State believe the referendum should be postponed due to its possible effects on the fight against the terrorist group, said Brett McGurk, President Donald Trump’s special envoy to the coalition. But the Kurdish Peshmerga army insists that a vote in favor of an independent Kurdistan would not lessen its vigor or resolve in combat. 

Related: The Caribbean Is Poised To Become The Next Major Oil Region

Opponents of the vote have been devising veiled oil infrastructure plans to stifle independence efforts. Earlier this summer, Iran’s Oil Minister Bijan Zanganeh said that Iraq and Iran had reached an agreement to commission a feasibility study of a crude oil pipeline that would export oil from fields in Kirkuk via Iran.  

“In order to raise more legal problems in Kirkuk, Baghdad and Tehran have been trying for a long time to work on a pipeline to transport crude oil from the province to the Iranian territories,” said Dilshad Shaaban, deputy chairman of the Kurdistan Parliament’s natural resources committee.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Naomi on August 23 2017 said:
    60 million Turks versus 28 million Kurds and 330 million Americans.

Leave a comment

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