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Kurds · IraqDespite Baghdad’s assurances that oil exports from Kurdistan will resume immediately after more than two years, the semi-autonomous Iraqi region isn’t prepared to restart exports, sources familiar with the matter told Reuters on Friday. Amid drone attacks on oilfields in Kurdistan this week, which have shut in about 200,000 barrels per day (bpd) in production, the federal Iraqi government said on Thursday that the Kurdistan Regional Government (…See the Story
Restart of Kurdistan’s Oil Export Isn’t Imminent
50% Right coverage: 6 sources
Shell · EgyptGulf cash is flowing to Egypt, with investors targeting hard assets rather than continuing the practice of providing financial aid to Cairo. Qatar’s sovereign wealth fund is reportedly finalizing a $4 billion tourism project in Ras Alam El-Rum, east of Alexandria on the Mediterranean coast, as part of a broader plan to invest $7.5 billion in Egypt. Kuwait Foreign Petroleum Exploration Co. and Shell Egypt will begin an offshore gas project.The mo…See the Story
Kuwait, Qatar to Invest Billions in Egypt
100% Left coverage: 1 sources
