It is clear that the short statement by Erdoğan was intended to make the Turkish position clear before heading to the US. Turkey has insisted and made it clear on numerous occasions that dealing with Kurdistan region and entering into oil deals are a matter of Turkish national interest.

A British oil executive gunned down in Brussels could have been the victim of targeted assassination or a random mugging and car-jacking attempt, Belg...

It has been almost a year since super-major oil company ExxonMobil ventured into Iraq's Kurdistan Region. Despite Baghdad's harsh words against the company, it has suffered little punishment other than exclusion from the 4th bid round, in which it showed little interest anyway.

Political power struggles have set the industry back and there doesn't seem to be any sign that the jostling for position will end soon. The fact that some oil companies are no longer sure if they even want to stay in Iraq can only be a testament to the fact that, after nine years, Iraq's oil policy has failed and that a change of direction is needed.

The latest ExxonMobil deal with Kurdistan region has raised few eyebrows and it has brought into focus the bitter dispute between the central Iraqi government in Baghdad and the Kurdish regional government.

n a game changing oil deals in Kurdistan region, Exxon Mobil has signed a contract for six blocks with Kurdistan Regional Government, reported the FT. There were rumours about a major US oil company circling in Kurdistan region, but expert dismissed any deals because of the danger of being black listed by Baghdad.

For those of us who choose 'happy' - the split between business and the environment is no longer tenable. We need one story; one future that we all commit to together. Is it time for a "Get The Story Straight" campaign? Are you in?

Hopes that BP could take the focus away from its failure to tie-up a ground-breaking deal with Rosneft in Russia were crushed on Wednesday when black-...

Royal Dutch Shell reported profits of £5bn for the second quarter of 2011, a rise of 77 per cent on 2010's results. The oil and gas company said ...