KRG Nears Separate Export Decision

The Kurdistan Regional Government (KRG) of northern Iraq will initiate independent crude exports, in defiance of central government, potentially within the next month, unless Baghdad takes steps to boost the supply of products to the Kurds, KRG Minister of Natural Resources Ashti Hawrami warned on 20 May.

Saudis Stick To Economic Expansion, Despite Crude’s Eurozone Jitters

As crude prices came under pressure last week on concern that the escalating Eurozone crisis will choke off global economic growth, senior Saudi government officials said the kingdom will stick to its expansion plans and maintain spending levels.

Qatar Joins GCC Renewables Race In Move To Conserve North Field Gas

Qatar announced last week it aims to produce 10% of its electric power from renewables by 2018.

Turkmenistan Signs 30 BCM/Y Trans-Afghan Deals

State firm Turkmengaz signed gas sales and purchase agreements on 23 May with India’s GAIL and Pakistan’s Inter State Gas System Ltd.

Turkey Warns Of ‘New Problems’ In Wake Of Cyprus Licensing Round

Turkey has not taken the news of a successful offshore licensing round for Cyprus easily.