Kurdistan Russian oil giant Rosneft signs deal with Kurdistan to develop five projects

Russian oil and gas giant Rosneft on Wednesday announced they had signed a deal with the Kurdistan Regional Government (KRG) to develop five oil blocks despite escalating tensions in the region. In an official statement, the Russian crude producer said it had signed “documents required to put in force” production sharing agreements with the KRG which would allocate 80 percent of the projects to Rosneft. Source Kurdistan24

Turkey, Iraq to mull over joint actions against KRG’s independence bid

Turkey and Iraq will hold talks over the weekend at the prime ministerial-level in Baghdad in order to coordinate measures to be taken against the Iraqi Kurdistan Regional Government’s (KRG) independence bid, including oil and economic trade sanctions. Source: Hurriyet Daily News

Turkey, Russia of the same opinion on the protection of integrity of Iraq, Syria

Turkey and Russia share similar views on the protection of the territorial integrities of both Syria and Iraq, President Recep Tayyip Erdoğan has said, urging the international community to act before the Kurdistan Regional Government (KRG) commits graver mistakes. Source: Daily News

Oil set for strongest Q3 since 2004, Iraq hints at OPEC extension

Oil was on course for its largest third-quarter gain in 13 years as prices rose on Wednesday after the Iraqi oil minister said that OPEC and its partners are considering extending or deepening output cuts aimed at reducing a global supply glut. Brent crude futures were up to $55.62 a barrel. Source: Al Arabiya