The Kurds are said to have lost some $2 billion since Turkey turned the pipeline off over an illegal dispute with the Iraqi federal government. The Kurds are said to have lost some $2 billion since Turkey turned the pipeline off over an illegal dispute with the Iraqi federal government. Control of oil and oil revenues was at the heart of the last blockade by General Haftar, leading the Libyan National Army (LNA) from the east. Discovery & DevelopmentChina’s most expansive deepwater oil and gas pipeline is in its second and final stage of development. Deals, Mergers & AcquisitionsIndonesia’s state-run Pertamina and Malaysia’s state-run Petronas will be jointly acquiring Shell’s interest in the Masela gas project in Indonesia as Shell looks to divest its 35% stake.