Reuters reported that Kurdistan has made independent export deals for its oil and in doing so has pitted itself against Baghdad, which believes it should have total control over Iraq's oil and asserts that deals made with Kurdistan are illegal.
WesternZagros Resources Ltd. (TSXV:WZR) announced that it achieved an initial low flow rate of 42 to 45 degrees API oil to surface at its Kurdamir-2 exploration well during the clean up portion of its Eocene testing program.
ShaMaran Petroleum Corp. (TSXV:SNM) announced the results from its Atrush-2 (AT-2) appraisal well, located in the Kurdistan region of Iraq, commenting that the well produced rates totaling 42,212 barrels of oil per day.
Reuters reported that Iraq and Kurdistan ended a dispute about oil payment, with Kurdistan pledging to continue producing its share of oil exports and Iraq's Baghdad agreeing to pay foreign companies working in Kurdistan.
ExxonMobil has been removed from a list of bidders for Iraqi energy exploration rights amid political tensions between the Middle Eastern state and the Kurdistan Regional Government (KRG).
ShaMaran Petroleum Corp. (CVE:SNM) announced it has discovered oil at its Atrush project in Kurdistan.
Iraq’s largely autonomous Kurdish region on Monday officially commenced oil exports from two fields it had developed with foreign oil firms through contracts the Baghdad government describes as illegal. For full story, click here
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