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News - Iraq

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Turkey Plans Electricity/Gas Swap with Iraq

Turkish Minister for Energy Taner Yildiz has said that the country will increase its natural gas imports from Iraq in exchange for the supply of electricity from Turkey to Iraq. Speaking to reporters in Ankara, Minister Yildiz said the electricity sold to Iraq would come from a power station close to...

Heritage Reportedly Rejects Overture

The Financial Times reports that Heritage Oil has received an informal takeover offer from an unnamed Abu Dhabi based suitor.Heritage is understood to have rejected the offer, which would value the company at £1.2bn. The potential offer represents a premium of 135.3p per share over Heritage’s closing...

Iraq Opens Door to Nabucco

Developments following the recent formation of a new Iraqi government have put the German energy company RWE in an interesting situation. Last August, RWE signed a gas cooperation contract (which is not a binding agreement) with the KRG, which the then-Baghdad government denounced (Read more HERE).Industry...