Member Info for HGNAHMED

DNO is scheduled to restart production on Friday at its Tawke and Peshkabir oil fields in the Kurdistan Region, as international operators gradually restore output following months of disruption caused by attacks on energy infrastructure.

According to the Kurdistan Regional Government (KRG), HKN Energy is expected to restart production at the Atrush oil field on Sunday, while Gulf Keystone Petroleum has already resumed operations at the Shaikan field. Hunt Oil Company is scheduled to restart production on July 8.

https://www.basnews.com/en/babat/914861

Federal authorities have pledged to prevent drone attacks originating from areas under federal control, with the objective of ensuring a secure environment for energy operations and investment.

https://channel8.com/english/news/60546

Foreign oil firms resume operations in Iraq's Kurdistan region, Iraqi state news agency says

24 June 2026 18:50

June 24 (Reuters) – The Kurdistan Regional Government said that a number of foreign oil companies had resumed operations in Iraq's Kurdistan region, state news agency INA reported on Wednesday.

(Reporting by Enas Alashray; editing by Barbara Lewis) ((Enas.Alashray@thomsonreuters.com;)

© 2026 Thomson Reuters. Click for Restrictions.

ERBIL — Iraq’s Supreme Judicial Council on Wednesday directed courts across the country to prosecute individuals involved in the manufacture, use, or possession of drones employed in illegal activities, according to an official statement.

The council instructed judicial authorities to apply Iraq’s Anti-Terrorism Law to cases involving drones that threaten public safety or are used in criminal acts.

The legislation carries some of the harshest penalties under Iraqi law, including lengthy prison terms and, in some cases, capital punishment.

https://www.basnews.com/en/babat/914767

One of the key concerns involves the future of exports through Türkiye. Ankara informed Baghdad last year that the Kirkuk-Ceyhan pipeline agreement is set to expire on July 27, 2026, and that Türkiye is not prepared to renew the arrangement under its previous terms.

The uncertainty surrounding the pipeline agreement has raised concerns among oil companies operating in the Kurdistan Region. Industry stakeholders fear that restarting production without clarity on the pipeline's future could expose them to significant financial losses if exports are halted again shortly afterward.

Companies argue that resuming production for only a brief period before another shutdown would risk damaging oil wells and increase operational costs.

The source also noted that the Iraqi federal government has yet to settle outstanding debts owed to foreign oil companies operating in the Kurdistan Region, another issue that continues to hinder efforts to restart exports.

https://www.kurdistan24.net/en/story/921839/technical-financial-obstacles-continue-to-delay-kurdistan-oil-export-resumption

The US Treasury Department announced on Monday (June 22, 2026) the authorization of the US General License for the Production, Supply, and Sale of Crude Oil, Petrochemical Products, and Petroleum Products of Iranian Origin until August 21.

"Transactions authorized under the license include the import of Iranian crude oil, petrochemical products, and petroleum products into the United States," the U.S. Treasury said.

https://baghdadtoday.news/301936-.html

Channel8 has learned that crude oil production and exports will resume at the beginning of next month in the Kurdistan Region, while Gulf Keystone Petroleum has announced its readiness to resume operations and send crude oil to global markets.

Jon Harris, CEO of Gulf Keystone Petroleum, stated that following guarantees provided by Iraqi Prime Minister Ali Faleh al-Zaidi, they are fully prepared to restart oil exports from the Kurdistan Region.

Additionally, Gulf Keystone's technical teams are implementing an active asset protection plan to ensure oil production resumes without delay as soon as conditions permit.

https://channel8.com/english/news/60356

Ahmed said Baghdad and Erbil “are working together on [establishing] defense systems” under the agreement to provide “security guarantees” for oil companies operating in the Kurdistan Region “in response to those companies' demands.”

The effort also aligns with one of Zaidi's key government priorities: bringing all weapons under the exclusive authority of the Iraqi state. Several pro-Iran armed factions have already announced their willingness to surrender their weapons and integrate into Iraq's state security institutions.

https://thenewregion.com/posts/5686

https://www.kurdistan24.net/en/story/921132/krg-baghdad-agree-on-security-guarantees-for-oil-fields-to-restart-production-interior-minister-says

BREAKING: The US just hit its lowest oil reserve level since 1983.

While Wall Street celebrates an Iran deal and oil prices crash $12 in days, Washington’s emergency cushion just got thinner than at almost any point in the last 40+ years.

The US spent decades building a reserve meant to survive a real crisis.

It’s now at a 40+ year low, in the middle of the most volatile Middle East stretch in a generation.

Question for you: if the Iran deal collapses tomorrow, does the US even have the reserves left to respond the way it did in 2022?

I don’t think most traders have done this math yet.

https://x.com/AlaliQasem/status/2067270613413020004

ERBIL — Iraq’s federal government has agreed to provide full security guarantees for US energy companies operating in the Kurdistan Region, according to a joint statement issued by Prime Minister Ali al-Zaidi and US Presidential Special Envoy Tom Barrack, signaling a significant easing of tensions over major energy projects previously opposed by Baghdad.

The commitment was announced following a June 15 meeting between the two officials and forms part of a broader effort to strengthen economic and investment ties between Iraq and the United States under President Donald Trump’s administration.

The latest statement suggests a notable shift in Baghdad’s approach, with the federal government now publicly supporting the continued operations of the companies involved and pledging security assurances aimed at encouraging foreign investment and project expansion.

https://www.basnews.com/en/babat/914416

ERBIL — Iraq’s federal government has agreed to provide full security guarantees for US energy companies operating in the Kurdistan Region, according to a joint statement issued by Prime Minister Ali al-Zaidi and US Presidential Special Envoy Tom Barrack, signaling a significant easing of tensions over major energy projects previously opposed by Baghdad.

The commitment was announced following a June 15 meeting between the two officials and forms part of a broader effort to strengthen economic and investment ties between Iraq and the United States under President Donald Trump’s administration.

The latest statement suggests a notable shift in Baghdad’s approach, with the federal government now publicly supporting the continued operations of the companies involved and pledging security assurances aimed at encouraging foreign investment and project expansion.

https://www.basnews.com/en/babat/914416

* At the beginning of July, oil production in the Kurdistan Region’s fields is expected to gradually increase, reaching 220,000 barrels per day. This development follows assurances from the Iraqi Prime Minister regarding the protection of oil fields and operating companies, allowing them to resume normal operations. Oil production in the Kurdistan Region currently stands at between 70,000 and 75,000 barrels per day. Of this volume, 50,000 barrels are used for domestic consumption, including petroleum products such as gasoline, diesel, and kerosene. The remaining 20,000 to 25,000 barrels are transported through the Kurdistan Region’s oil pipeline.

* Due to the fact that many oil company staff have not yet returned and several fields have been inactive for some time, restoring previous production levels will require time. Personnel are expected to return to fields that have been shut down since the start of the U.S.-Iran war.

*Financial issues remain a key concern for foreign companies. The international consultancy firm Wood Mackenzie is currently completing an assessment of production costs across the Region’s oil fields.

* Representatives of five oil companies also attended the meeting, where they received security assurances to safely resume crude oil production operations.

https://channel8.com/english/news/60041

ERBIL (Kurdistan24) - The Iraqi Ministry of Oil has signaled a major breakthrough in the protracted dispute over the Kurdistan Region's energy exports, announcing a "very good" tripartite agreement intended to pave the way for a full resumption of oil flow to international markets.

Salim al-Rukabi, the spokesperson for the federal Ministry of Oil, expressed significant optimism during a statement to Kurdistan24 on Monday, noting that technical and legal hurdles that have long paralyzed the sector are finally being cleared.

The breakthrough is the result of intensive negotiations involving the Federal Ministry of Oil, the Kurdistan Regional Government's (KRG) Ministry of Natural Resources, and senior representatives from international oil companies (IOCs).

"A very good tripartite agreement has emerged from these discussions to manage the oil file," al-Rukabi stated.

https://www.kurdistan24.net/en/story/920080/iraq-signals-breakthrough-in-stalled-kurdistan-oil-dispute-with-new-tripartite-deal

ERBIL — Kurdistan’s oil exports could be restored to more than 450,000 barrels per day if oil companies receive sufficient security and financial guarantees, according to Hamid Shingali, deputy head of Iraq’s State Organization for Marketing of Oil (SOMO).

In an interview with BasNews, Shingali described the recent understanding between Erbil and Baghdad as an important step for Iraq’s economy, stressing that protecting Kurdistan’s oil fields and ensuring investor confidence are key to increasing production and strengthening Iraq’s energy exports amid ongoing regional uncertainty.

https://www.basnews.com/en/babat/914248

The agreement was made after a high-level Iraqi security delegation traveled to Erbil and met with senior Kurdish leaders, at the instruction of Prime Minister Ali al-Zaidi

The source also told The New Region that the Region’s oil production has increased, reaching nearly 220,000 to 230,000 barrels per day, noting ongoing efforts to bring oil companies back to their previous production levels, which were largely impacted by the latest regional unrest, with the aim of “increasing revenues for Iraq’s public treasury.”

https://thenewregion.com/posts/5633

ERBIL, Kurdistan Region of Iraq - Kurdistan Region Prime Minister Masrour Barzani on Sunday received Iraqi Army Chief of the General Staff Abdul Amir Yarallah and an accompanying delegation, where they discussed preserving the Region’s security, especially ending threats to oil companies.

The delegation’s visit comes based on the directive of Iraqi Prime Minister Ali al-Zaidi, “to follow up on security and stability measures — in particular, preventing and putting an end to threats against oil companies and their targeting,” according to a statement from the Kurdistan Regional Government (KRG).

https://thenewregion.com/posts/5629

ERBIL (Kurdistan24) - Facing mounting pressure from international energy companies and the persistent threat of aerial bombardment, the Iraqi federal government dispatched its highest-ranking military officer to the Kurdistan Region on Sunday to negotiate robust security guarantees for the area's vulnerable oil infrastructure.

Lieutenant General Abdul Amir Rashid Yarallah, the Chief of Staff of the Iraqi Army, arrived in Erbil on Sunday morning, leading a senior military delegation.

According to information obtained by Kurdistan24, the delegation's primary mandate is to engage with officials from the Kurdistan Regional Government (KRG) to devise a comprehensive strategy that shields critical oil fields from further attacks.

The emergency military consultation follows a period of intense anxiety within Iraq's energy sector.

https://www.kurdistan24.net/en/story/919811/iraq-army-chief-visits-erbil-to-discuss-kurdistan-oil-field-security

Caggins said in a written statement to Channel8 that Iraqi Prime Minister Ali Faleh al-Zaidi and his team “understand the importance of restoring full oil production and exports through the Iraq-Türkiye pipeline.”

He stressed that foreign oil investments in Kurdistan Region “are essential to Iraq’s economy—especially while the Strait of Hormuz remains closed.”

“Baghdad must continue to prevent drone attacks from outlaw militias that have killed Iraqi people and damaged oil production facilities,” he added.

https://channel8.com/english/news/59778

Salim Ruqabi, the Spokesperson for the Iraqi Ministry of Oil, disclosed to Channel8 that a high-level strategic meeting was convened under the chairmanship of Iraqi Prime Minister Ali al-Zaidi. The session was attended by the federal Minister of Oil, the Army Chief of Staff, the KRG Minister of Natural Resources, and representatives from foreign oil companies currently operating within the Kurdistan Region.

Prime Minister al-Zaidi instructed all relevant authorities to prioritize identifying the root causes of the operational disruptions and to swiftly implement solutions that guarantee the safety of the companies and secure a stable working environment.

https://channel8.com/english/news/59732

Oil affairs specialist Arkan Hamid confirmed on Wednesday (June 10, 2026) that the crude oil pipeline project from the Basra fields to the Jordanian port of Aqaba represents an important strategic option to enhance the security of Iraqi oil exports and expand access to global markets.

A number of Gulf countries have tended to establish and develop alternative oil export routes in anticipation of geopolitical tensions over the past years, which requires Iraq to adopt a similar vision based on proactive planning and protecting its economic interests, Hamid said.

Diversifying oil export ports through Aqaba, Syria and Ceyhan would give Iraq greater flexibility in the face of regional changes and enhance Baghdad's ability to ensure the continued flow of its oil exports to global markets without being affected by emergency crises, he said.

https://baghdadtoday.news/301034-.html