Iraq/Kurdistan: Kurdistan Eyes Oil Export Jump in The Shadow of Global Price War

Dec 18, 2014 | Andrew Critchlow, The Telegraph
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Falling oil prices and the threat of Islamic State militants have done little to dampen the interest of international oil companies in the autonomous northern Iraqi enclave of Kurdistan.

On a day that saw bounce more than 4pc in London authorities from the Kurdistan Regional Government - one of the world’s last great frontiers for hydrocarbons production - unveiled plans to dramatically increase exports next year.

Heavyweights from the industry, including ExxonMobil, Chevron, Total and Genel Energy were out in force in London yesterday to listen to Ashti Hawrami, Minister for Natural Resources in Kurdistan, explain how a new deal between Erbil and Baghdad over revenue sharing could see up to 800,000 barrels per day (bpd) of crude flow through a pipeline to Turkey in early 2015.